Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: To amend Resolution 7R2-j(AS) adopted on August 19, 2020, to change the name of the redeveloper and authorizing the First Amended and Restated Agreement for the Sale and Redevelopment of Land with Thomas Street Urban Renewal, LLC. Entity Name: Thomas Street Urban Renewal, LLC Entity Address: 300 Wilson Avenue, Newark, New Jersey 07105 Sale Amount: $ 12,599.16 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $24,000.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of property ownership from the City Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 184 Thomas Street/Block 1164/Lot 10/East Ward