Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To create gated ancillary parking for the adjacent twenty-two (22) unit apartment building. Entity Name: Clinton Commons MOH, LLC Entity Address: 544 Springfield Avenue, Newark, New Jersey 07103 Sale Amount: $36,000.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $23,800.00 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) 938-940 S 20th Street/Block 3018/Lot 31/South Ward Additional Information: Total Price: Square Footage X PSF = 6,000 X $6.00 = $36,000.00