Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct a three (3) story structure to be used as a social service agency. Entity Name: Positive Health Care, Inc. Entity Address: 744 Broad Street, Suite 2300, Newark, New Jersey 07102 Sale Amount: $660,000.00 Cost Basis: (X) Approximately $80.16 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $364,800.00 Appraised Amount: $660,000.000 Contract Period: To commence within three (3) months and be completed within twelve (12) months from the transfer of 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 (Address/Block/Lot/Ward) 401 University Avenue/Block 99/Lot 9/Central Ward 77-79 Arlington Street/Block 99/Lot 38/Central Ward 75 Arlington Street/Block 99/Lot 40/Central Ward Additional Information: