Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate property to use as business office and supportive housing for homeless and re-entry residents. Entity Name: Street Doctor’s Cleaning Service and Remediation, LLC Entity Address: 413-417 Hawthorne Avenue, Apt. 1, Newark, New Jersey 07112-0711 Sale Amount: $10,000.00 Cost Basis: (X ) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $98,500.00 Appraised Amount: $ 0.00 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 List of Property: (Address/Block/Lot/Ward) 776 South 16th Street/Block 2635/Lot 34/South Ward Additional Information: Sale Price: Total Square Footage x PSF = 2,500 X $4.00 = $10,000.00 Sale at prices set forth by Ordinance 6S&Fh, adopted April 7, 2004, establishing the minimum sale price of City-owned properties.