Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate property for off street parking and side yard. Entity Name: Taahir Andrews Entity Address: 453 South 12th Street, Newark, New Jersey 07103 Sale Amount: $19,426.48 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $72,100.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (12) months following the transfer of property ownership by 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) 455 South 12th Street/Block 285/Lot/9/Central Ward 457-459 South 12th Street/Block 285/Lot 46/Central Ward Additional Information: Sale Price: Total Square Footage x PSF = 4,856.62 X $4.00 = $19,426.48 Sale at prices set forth by Ordinance 6S&Fh, adopted April 7, 2004, establishing the minimum sale price of City-owned properties.