Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate the existing property to create rental or for-sale housing. Entity Name: Alan Lawrence Entity Address: 76 Tuxedo Parkway, Newark, New Jersey 07106 Sale Amount: $25,000.00 Cost Basis: (X) $ 10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $37,100.00 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) 20 Sunset Ave/Block 4060/Lot 14/West Ward Additional Information: Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.