Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate property to create either a storage and warehouse facility or a truck terminal Entity Name: 61-77 Empire Street, LLC. Entity Address: 170 Frelinghuysen Avenue, Newark, New Jersey 07114 Sale Amount: $595,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $0.00 Appraised Amount: $595,000.00 Contract Period: Construction and completion dates set out in Project Schedule 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) 61-77 Empire Street/Block 3537/Lot 24/South Ward Additional Information: