Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To build one (1) three (3)-family home, and two (2) two-family homes. Entity Name: DC Essex Investments, LLC Entity Address: 12 Canfield Street, Apt. 7, Orange, New Jersey 07050 Sale Amount: $65,142.00 Cost Basis: (X ) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $107,900.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 549-551 South 10th Street/Block 313/Lot 44/Central Ward 563 South 10th Street/Block 313/Lot 50/Central Ward 165 South 7th Street/ Block 1799/Lot 14/West Ward Additional Information: Sale Price: Total Square Footage x PSF = 10,857 X $6.00 = $65,142.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.