Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of a health care center; veterans housing facility with ground floor retail, and modest parking area Entity Name: 432-446 South Orange Avenue, LLC. Entity Address: 228 Lafayette Street, 2nd Floor, Newark, New Jersey 07105 Sale Amount: $610,000.00 Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A ( X ) Other :Appraisal Assessed Amount: $527,900.00 Appraised Amount: $610,000.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months from the transfer of ownership by the City. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( X ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 432-434 South Orange Avenue/Block 318/Lot 8/West Ward 436-440 South Orange Avenue/Block 318/Lot 4/West Ward 442-446 South Orange Avenue/Block 318/Lot 1/West Ward 454-462 South Orange Avenue/Block 319/Lot 21/West Ward 476 South Orange Avenue/Block 320/Lot 4/West Ward Additional Information: