Dept/ Agency: Economic and Housing Development Action: (X) Ratifying ( ) Authorizing ( X ) Amending Type of Service: Private Sale/Redevelopment Purpose: Amending Resolution 7R2-c(s) adopted on June 18, 2019 to correct the purchase price from $12.00 PSF to $9.00 PSF. Entity Name: Luvander Hollaway Entity Address: 35 Burnet Street, Newark, New Jersey 07102 Sale Amount: $46,440.00 Cost Basis: (X) $ 9.00 PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $269,700.00 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) 12 Belgium Street/Block 308/Lot 29/Central Ward 14 Belgium Street/Block 308/Lot 30/Central Ward Additional Information: Original Resolution 7R2-c(s) adopted on June 18, 2019 was for the private sale of 12 and 14 Belgium Street (Central Ward) at the Total Sale Price: Square Footage x PSF = 5,160 x $12.00 = $61,920.00. Total Sale Price: Square Footage x PSF = 5,160 x $9.00 = $46,440.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.