Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Develop duplex-style rental or for-sale affordable housing Entity Name: DTG Newark, LLC. Entity Address: 1704 Flatbush Avenue, Brooklyn, New York 11210 Sale Amount: $28,000.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $89,000.00 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) 643 S 10th Street/Block 2617/Lot 33/South Ward 645 S 10th Street/Block 2617/Lot 34/South Ward 647 S 10th Street/Block 2617/Lot 35/South Ward Additional Information: Total Square Footage = 7,000 X $4.00 = $28,000.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Properties Revised Assessment on Block 2617, Lot 34 is $28,000.00, removing improvement assessment ($160,600.00) as property has been demolished.