Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To develop a headquarters for the Bronze Shields of Newark, New Jersey and Community Center with parking. Entity Name: The Bronze Shields of Newark, New Jersey Entity Address: 43 William Street, Newark, New Jersey 07102 Sale Amount: $85,661.48 Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $107,100.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) 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) 23-27 Wright Street/Block 2800/Lot 1/South Ward 29-31 Wright Street/Block 2800/Lot 41/South Ward 33 Wright Street/Block 2800/Lot 5/South Ward 35 Wright Street/Block 2800/Lot 6/South Ward 168-176 Brunswick Street/Block 2800/Lot 40/South Ward 178 Brunswick Street/Block 2800/Lot 32/South Ward 180 Brunswick Street/Block 2800/Lot 31/South Ward 182 Brunswick Street/Block 2800/Lot 30/South Ward 184 Brunswick Street/Block 2800/Lot 29/South Ward Additional Information: Total Price: Square Footage X PSF = 42,830.74. X $2.00 = $85,661.48