Dept/ Agency: Economic Housing and Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Authorizing the execution of Second Amendment to Redevelopment Agreement with El Sid Properties, LLC Entity Name: El Sid Properties, LLC Entity Address: 500 Avenue P, Newark, New Jersey 07105-4802 Sale Amount: $4,450,000.00 Cost Basis: ( ) PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: Appraised Amount: Contract Period: Construction to commence no later than two (2) years from the amended effective date and completed within twelve (12) months thereafter. 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) 704-738 Doremus Avenue /Block 5074/Lot 1/East Ward Additional Information: