Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Ancillary parking for the adjacent business, Ambassador Fish and Chicken Entity Name: Talat Akarah Entity Address: 134 Bloomfield Avenue, Paterson, New Jersey 07503 Sale Amount: $15,495.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $31,300.00 Appraised Amount: $0.00 Contract Period: To be commenced within three (3) months and be completed within six (6) 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) 376 S 10th Street/Block 267/Lot 10/West Ward Additional Information: Total Square Footage = 2,582.5 X $6.00 = $15,495.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Properties