Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To construct twenty-four (24) residential units and three (3) retail spaces. Entity Name: 760 Clinton Ave Shoho, LLC. Entity Address: 1037 Route 46 East, Suite 101, Clifton, New Jersey 07013 Sale Amount: $71,344.00 Cost Basis: ( ) PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $1,018,300.00 Appraised Amount: $215,000.00 Contract Period: To commence within six (6) months and be completed within two (2) years 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 760-766 Clinton Avenue/3042/1&5/South Additional Information: Total Assessed Amount: $1,018,300.00 Total Appraised Amount: $215,000.00 Demolition Cost Amount: $159,000.00 City Demolition Credit: -$143,656.00 Total Negotiated Amount: $71,344.00 Total Appraised Amount: $215,000.00 City Demolition Credit: -$143,656.00 Total Purchase Price: $71,344.00