Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate undevelopable lot to merge with adjacent business Entity Name: Stockton Delancy Limited Partnership Entity Address: 225 Millburn Avenue, Suite 202, Millburn, New Jersey 07041 Sale Amount: $42,000.00 Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A (X) Other: Appraised Value Assessed Amount: $42,000.00 Appraised Amount: $42,000.00 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 (Address/Block/Lot/Ward) 338 Delancy Street/Block 5032/Lot 26/East Ward Additional Information: Total Purchase (Appraised Value): $42,000.00 (Approx. $8.04 psf)