Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate properties as rental or for-sale housing Entity Name: SSW, LLC. Entity Address: 77 Orange Road, Montclair, New Jersey 07042 Sale Amount: $30,400.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $381,600.00 Appraised Amount: $0.00 Contract Period: To commence 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) 786 S 17th Street/Block 2636/Lot 36/South Ward 33 Bragaw Avenue/Block 3047/Lot 14/South Ward 147 Hobson Street/Block 3064/Lot 36/South Ward Additional Information: Total Square Footage = 7,600 X $4.00 = $30,400.00 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned Properties. Deferred 7R2-b 050317