Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Office building and parking redevelopment project on Haynes Street (South Ward) Entity Name: 133 Haynes Avenue Urban Renewal, LLC. Entity Address: 77 Parkhurst Street, Suite 5, Newark, New Jersey 07102 Sale Amount: $50,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $1,161,700.00 Appraised Amount: $1,100,000.00 Contract Period: To commence within three (3) months and be completed within two (2) years 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) 133 Haynes Avenue/Block 5090/Lot 2/South Ward Additional Information: