Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Parking for adjacent businesses recently renovated Entity Name: Samau Realty, LLC. Entity Address: 108 Avon Avenue, Newark, New Jersey 07108 Sale Amount: $15,000.00 Cost Basis: (X) $6.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $21,300.00 Appraised Amount: $30,000.00 Contract Period: To commence 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) 110 Avon Avenue/Block 2665/Lot 57/South Ward Additional Information: Total Square Footage = 2,500 X $6.00 = $15,000.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned property.