Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate property to expand local community daycare center Entity Name: Devramalena, LLC Entity Address: 37 Virginia Avenue, West Orange, New Jersey 07052 Sale Amount: $23,000.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $20,600.00 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) 20-28 Marsac Place (Rear)/Block 4137/Lot 15/West Ward Additional Information: Total Square Footage: 5,750 X $4.00 = $23,000.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Property Failed 7R2-f 111317 Deferred 7R2-c 120617