Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To expand the existing facilities by extending the Funeral Chapel and providing additional parking. Entity Name: Evans-Gordon Funeral Home, LLC Entity Address: 734-736 Clinton Avenue, Newark, New Jersey, 07108 Sale Amount: $50,540.00 Cost Basis: (X ) $7.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $33,900.00 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 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) 730-732 Clinton Avenue/Block 3043/Lot 89/South Ward Additional Information: Sale Price: Total Square Footage X PSF = 7,220.00 X $7.00 = $50,540.00 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.