Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct a warehouse and office building with parking. Entity Name: Option Builders, LLC Entity Address: 14 Hedden Place, East Orange, New Jersey 07017 Sale Amount: $360,000.00 Cost Basis: (X) Approx.$19.74 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $279,100.00 Appraised Amount: $360,000.00 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 (Address/Block/Lot/Ward) 8-20 N 14th Street/Block 1901.02/Lot 1/West Ward Additional Information: