Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Public Real Estate Auction Purpose: To accept bids and execute Quitclaim Deeds for properties sold at public auction on January 24, 2019. Date of Auction: January 24, 2019 Location of Auction: Newark Symphony Hall, 1020 Broad Street, Newark, New Jersey Cost Basis: ( ) PSF ( ) Negotiated ( ) N/A (X) Other: Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS (X) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: Refer to Exhibit A Additional Information: Total Sale Amount: $3,020,000.00 Total Earnest Money Deposit as per Exhibit A: $305,322.00 ¼ Annual Property Tax held in escrow as a refundable deposit to insure Conditions of Sale compliance.