Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Develop new and rehabilitated affordable apartments and homes. Entity Name: DDA Pioneer Investment Group, LLC. Entity Address: 1219 Liberty Avenue, Suite 78, Hillside, New Jersey 07205 Sale Amount: $86,404.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $444,300.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 536 S. 20th Street/Block 337/Lot 42/West Ward 538 S. 20th Street/Block 337/Lot 41/West Ward 525-527 S. 19th Street/Block 337/Lots 12, 13/ West Ward 529 S. 19th Street/Block 337/Lot 14/West Ward 531 S. 19th Street/Block 337/Lot 15/West Ward 533 S. 19th Street/Block 337/Lot 16/West Ward 496½ S. 18th Street/Block 326/Lot 47/West Ward 502 S. 18th Street/Block 326/Lot 29/West Ward Additional Information: Total Square Footage = 21,601 X $4.00 = $86,404.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Properties.