Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate as Rental or For-Sale housing Entity Name: Andre Frye Entity Address: 124 Oakland Terrace, Newark, New Jersey 07106 Sale Amount: $20,480.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $128,400.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twelve (12) 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) 19 Earl Street/Block 2785/Lot 32/South Ward 104 Palm Street/Block 4199/Lot 128/West Ward Additional Information: Total Square Footage = 5,120 X $4.00 = $20,480.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. Pursuant to the revised assessment for 2018 this property is assessed at $128,400.00.