Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Redevelopment Purpose: Redevelopment of various vacant City-owned lots, turn them into 27 affordable residential units with a multi-purpose gallery/performance space and cafe. Entity Name: Newark Community Economic Development Corporation Entity Address: 111 Mulberry Street, Newark, New Jersey 07102 Sale Amount: $0.00 Cost Basis: ( ) $ PSF ( ) Negotiated (X) N/A ( ) Other: Assessed Amount: $0.00 Appraised Amount: $0.00 Contract Period: To be commenced within (3) three months of execution Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward/Size/Sq.Feet) 505-509 Clinton Avenue/3000/21/South/.3623/15,781.79 120-122 Chadwick Avenue/2686/35/South/.1205/5,250.00 Additional Information: - Resolution 7Rdo(as) adopted on June 15, 2005 Designate Entire City as Area in Need of Rehabilitation - Ordinance 6PSF-n adopted on December 17, 2008-Bergen/Clinton Redevelopment Plan - Ordinance 6S&Fd(s) adopted August 17, 2005-South Ward Redevelopment Plan