Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To demolish structure on property and use for existing business on adjacent property. Entity Name: Ferreira Properties, LLC Entity Address: 69 Trocha Avenue, Livingston, New Jersey 07039 Sale Amount: $31,500.00 Cost Basis: (X) $12.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $100,400.00 Appraised Amount: $0.00 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 List of Property: (Address/Block/Lot/Ward) 28 Austin Street/Block 902/Lot 9/East Ward Additional Information: Total Square Footage = 2,625 X $12.00 = $31,500.00