Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To acquire city-owned properties with the intent to upkeep community garden and create a sustainable greenspace. Entity Name: Charmaine LaFortune Entity Address: Newark, New Jersey 07103 Sale Amount: $10,020.00 Cost Basis: (X ) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $45,000.00 Appraised Amount: $0.00 Contract Period: To be commenced within three (3) months and be completed within twelve (12) months following transfer of property ownership by 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) 105 19th Avenue/Block 368/Lot 35/South Ward 715-717 South 20th Street/Block 368/Lot 40/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,505 X $4.00 = $10,020.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.