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: P.M. Consulting Group, LLC. Entity Address: 290 Ferry Street, Newark, New Jersey 07105 Sale Amount: $23,387.60 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $33,900.00 Appraised Amount: $0.00 Contract Period: To commence 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) 183 Jelliff Avenue/Block 2662/Lot 27/South Ward 87 Seymour Avenue/Block 3001/Lot 19/South Ward Additional Information: Total Square Footage = 5,846.9 X $4.00 = $23,387.60 Sale at prices set forth by Ordinance 6S&Fh adopted on April 4, 2004, establishing the minimum sale price of City-owned property.