Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Remediate and repair properties for continued business operations Entity Name: Roman Asphalt Corp. Entity Address: 14 Ogden Street, Newark, New Jersey 07104 Sale Amount: $480,000.00 Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A (X) Other: Appraised Value Assessed Amount: $1,304,800.00 Appraised Amount: $480,000.00 Contract Period: To be commenced within 3 months and be completed within 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) 10-12 Ogden Street/Block 570/Lot 55/North Ward 14-26 Ogden Street/Block 570/Lot 53/North Ward 28-34 Ogden Street/Block 570/Lot 65/North Ward Additional Information: Total Square Footage: 51,194. Total Purchase Price (Appraised Value): $480,000.00 (Approx. $9.376 per sf) Deferred 7R2-e 120716