Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To rehabilitate the existing structures to create rental or for-sale housing. Entity Name: Rose Capital, LLP Entity Address: 10 Hill Street, 9A, Newark, New Jersey 07102 Sale Amount: $65,675.00 Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $297,200.00 Appraised Amount: $0.00 Contract Period: To be commenced 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 (Address/Block/Lot/Ward) 271 Rose Street/Block 2612/Lot 35/Central Ward 275 Rose Street/Block 2612/Lot 37/Central Ward 291 Rose Street/Block 2612/Lot 45/Central Ward Additional Information: Total Square Footage = 6,567.5 X $10.00 = $65,675.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.