Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying ( ) Authorizing (X ) Amending Type of Service: Private Sale/Redevelopment Purpose: Amending Resolution 7R3-b December 5, 2012, and entering into a First Amended Redevelopment Agreement Entity Name: Bergen Street Redevelopment Urban Renewal, LLC Entity Address: 953 Bergen Street, Newark, New Jersey 07112 Sale Amount: $70,988.20 Cost Basis: ( X ) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $896,400.00 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 ( X ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 1037-1047 Bergen Street/Block 3661/Lot 3, 5, 8/South Ward 1057-1059 Bergen Street/Block 3660/Lot 11/South Ward Additional Information: