Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop five (5) two-family homes. Entity Name: Carlos Lopes Investments, LLC Entity Address: 480 North 4th Street, Newark, New Jersey 07107 Sale Amount: $83,832.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $158,000.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (12) months following transfer of property ownership from the City to the Redeveloper 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) 331 South 7th Street/Block 280/Lot 21/Central Ward 420-422 South 10th Street/Block 282/Lot 9-10/Central Ward 409 South 10th Street/Block 283/Lot 14/Central Ward 437 South 11th Street/Block 284/Lot 10/Central Ward 397 South 8th Street/Block 290/Lot 17/Central Additional Information: Sale Price: Total Square Footage X PSF = 13,972 X $6.00 = $83,832.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. Deferred 7R2-c 102021 Deferred 7R2-b 110421 Deferred 7R2-b 111521 Deferred 7R2-b 120121