Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Agreement for the redevelopment of land consisting of twenty-one (21) residential units and two (2) retail spaces Entity Name: Gomes and Gomes Development, LLC. Entity Address: 91 Kossuth Street, Newark, New Jersey 07105 Sale Amount: $180,000.00 Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $198,000.00 Appraised Amount: $300,000.00 Contract Period: To commence within three (3) 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) 262-264 Orange Street/Block 2853/Lot 30/Central Ward 266 Orange Street/Block/2853/Lot 29/Central Ward 268 Orange Street/Block 2853/Lot 28/Central Ward Additional Information: