Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Develop the properties into one (1), two (2), or three (3)-family residential units, with or without additional retail use Entity Name: A.P., LLC. Entity Address: 57 Boston Street, Newark, New Jersey 07114 Sale Amount: $230,410.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $485,000.00 Appraised Amount: $0.00 Contract Period: To be commenced 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 ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 686 South 16th Street/Block 359/Lot 33/South Ward 93 19th Avenue/Block 367/Lot 6/South Ward 39 Pierce Street/Block 2619/Lot 20/South Ward 41 Pierce Street/Block 2619/Lot 21/South Ward 797 South 15th Street/Block 2646/Lot 19/South Ward 189 Jelliff Avenue/Block 2662/Lot 30/South Ward 84 West Alpine Street/Block 2693/Lot 4/South Ward 80 Willoughby Street/Block 3051/Lot 45/South Ward 144 Leslie Street/Block 3065/Lot 8/South Ward 437 Jelliff Avenue/Block 3578/Lot 61/South Ward 276-278 Renner Avenue/Block 3625/Lot 7/South Ward 585 South 19th Street/Block 339/Lot 17/West Ward 319 South 18th Street/Block 1793/Lot 15/West Ward 290 South 19th Street/Block 1793/Lot 60/West Ward 113 South 9th Street/Block 1827/Lot 18/West Ward 108-110 South 13th Street/Block1859/Lot 59/West Ward 103 Alexander Street/Block 4059/Lot 8/West Ward 38 Palm Street/Block 4199/Lot 95/West Ward 33 North Munn Avenue/Block 4213/Lot 29/West Ward 31 North Munn Avenue/Block 4213/Lot 30/West Ward Additional Information: Total Square Footage = 57,602.5 X $4.00 = $230,410.00 Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned property.