Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Sale to RFQ Respondent to rehabilitate properties as rental or for-sale housing Entity Name: Open Eye Innovators, LLC. Entity Address: 60 Beverly Street, Newark, New Jersey 07108 Sale Amount: $18,528.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $220,200.00 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) 246 South 20th Street/Block 1817/Lot 56/West Ward 362½ New Street/Block 429/Lot 20/Central Ward Additional Information: Total Square Footage = 4,632. X $4.00 = $18,528.00 Sale to RFQ respondent at prices set forth by Ordinance 6S&Fh adopted on April 4, 2004 establishing the minimum sale price of City-owned property. Deferred 7R2-c (s) 052317