Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Acquire and rehabilitate the existing structure to conduct classes and training, and develop a community garden on the vacant land. Entity Name: Muhammad Mosque of Islam 25 Entity Address: 170 Littleton Avenue, Newark, New Jersey 07103 Sale Amount: $25,187.34 Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $296,400.00 Appraised Amount: $0.00 Contract Period: To be commenced 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) 425 Central Avenue/Block 1847/Lot 16/Central Ward 427-431 Central Avenue/Block 1847/Lot 17/Central Ward 9 3rd Street/Block 1847/Lot 20/Central Ward 11 3rd Street/Block 1847/Lot 21/Central Ward Additional Information: Total Square Footage = 12,593.67 X $2.00 = $25,187.34 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Properties.