Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct a two (2) family home for sale or rent. Entity Name: Esther Lee Entity Address: 95 Passaic Avenue, Belleville, New Jersey 07109 Sale Amount: $31,640.00 Cost Basis: (X ) $7.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $118,400.00 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) 65-67 Chester Avenue/Block 678/Lot 60/North Ward Additional Information: Total Sale Price: Square Footage x PSF = 4,520 X $7.00 = $31,640.00 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. Deferred 7R2-c 071019