Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate the existing properties to create rental or for sale housing; and a service garage Entity Name: Luvander Hollaway Entity Address: 35 Burnet Street, Newark, New Jersey 07102 Sale Amount: $61,920.00 Cost Basis: (X) $12.00 PSF ( ) 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: Total Sale Price: Square Footage x PSF = 5,160 X $12.00 = $61,920.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned property.