Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct an open-ended metal building for commercial vehicle parking, equipment storage, and may build a residential property subject to environmental conditions. Entity Name: Millennium Newark Development Corp. Entity Address: 124 Johnson Street, Newark, New Jersey 07105 Sale Amount: $140,000.00 Cost Basis: (X) Approx. $21.51 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $144,600.00 Appraised Amount: $140,000.00 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) 9 Hedden Place/Block 1901/Lot 7/West Ward Additional Information: