Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct ten (10) two-family residential homes Entity Name: Saber Real Estate Development, LLC Entity Address: 1010 Adams Avenue, Union, New Jersey 07083 Sale Amount: $125,040.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $443,600.00 Appraised Amount: $0.00 Contract Period: : To commence within three (3) months and be completed within eighteen (18) 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) 37 S 7th Street/Block 1829/Lot 10/West Ward 39 S 7th Street/Block 1829/Lot 11/West Ward 53 S 7th Street/Block 1829/Lot 18/West Ward 105 S 9th Street/Block 1827/Lot 14/West Ward 144 S 9th Street/Block 1828/Lot 36/West Ward 107 S 8th Street/Block 1828/Lot 30/West Ward 99-101 S 8th Street/Block 1828/Lot 26/West Ward 103 S 8th Street/Block 1828/Lot 28/West Ward 39 S 9th Street/Block 1856/Lot 9/West Ward 75-77 Norwood Street Block 4066/Lot 55/West Ward Additional Information: Total Square Footage = 31,260 X $4.00 = $125,040.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Properties