Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct three (3) two-family homes. Entity Name: Lionheart Development, LLC Entity Address: 211 Warren Street, Suite 518, Newark, New Jersey 07103 Sale Amount: $46,800.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $64,200.00 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) 122 South 11th Street/Block 1857/Lot 47/West Ward 84 South 13th Street/Block 1867/Lot 43/West Ward 114 South 15th Street/Block 1861/Lot 57/West Ward Additional Information: Total Price: Square Footage X PSF = 7800 X $6.00 = $46,800.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.