Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Authorizing the execution of Redevelopment Agreement with 43-57 Clifton Street, LLC. Entity Name: 43-57 Clifton Street, LLC Entity Address: 170 Frelinghuysen Avenue, Newark, New Jersey 07114 Sale Amount: $458,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $2,368,800.00 Appraised Amount: $0.00 Contract Period: Construction to commence no later than ninety (90) days after closing and be completed no later than twenty-four (24) months after closing 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) 43-57 Clifton Street/Block 2767, Lot 9/South Ward Additional Information: