Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Create parking for transportation company vehicles Entity Name: Peak Hour Transportation Limited Liability Company Entity Address: 100 Rose Terrace, Newark, New Jersey 07108 Sale Amount: $19,600.00 Cost Basis: (X) $ 7.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $26,600.00 Appraised Amount: N/A 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) 716 S 10th Street/Block 2624/Lot 59/South Ward Additional Information: