Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop five (5) three (3) family homes and three (3) two (2) family homes for sale. Entity Name: Enterprise Builders, LLC Entity Address: 544 Park Avenue, Suite 316, Brooklyn, New York 11206 Sale Amount: $164,290.50 Cost Basis: (X ) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $431,200.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of property ownership from 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) 268-270 Hawthorne Avenue/Block 3598/Lot 8/South Ward 272 Hawthorne Avenue/Block 3598/Lot 10/South Ward 274-276 Hawthorne Avenue/Block 3598/Lot 12/South Ward 265-267 Seymour Avenue/Block 3598/Lot 5/South Ward 269 Seymour Avenue/Block 3598/Lot 3/South Ward Additional Information: Sale Price: Total Square Footage X PSF = (6,294.75 X $6.00 = $37,768.50) + (5,974.50 X $6.00 = $35,847.00) + (6,330.70 X $6.00 = $37,984.20) + (4,574.64 X $6.00 = $27,447.84) + (4,207.16 X $6.00 = $25,242.96) = $164,290.50. Sale at prices set forth by Ordinance 6S&Fh, adopted April 7, 2004, establishing the minimum sale price of City-owned properties.