Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct four (4) two-family residential homes. Entity Name: E. Gill Development, LLC Entity Address: 626 Central Avenue, Suite 2A, East Orange, New Jersey 07018 Sale Amount: $74,340.00 Cost Basis: ( X ) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $ Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 67 S 12th Street/Block 1867/Lot 28/West Ward 63 S 12th Street/Block 1867/Lot 25/West Ward 62 S 12th Street/Block 1868/Lot 47/West Ward 131 Hedden Terrace/Block 3028/Lot 13/South Ward Additional Information: Total Purchase Price: Square Footage x PSF = 12,390 X $6.00 = $74,340.00 Sale at prices set forth by Ordinance 6S&Fh, adopted April 7, 2004, establishing the minimum sale price of City-owned properties.