Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate property as rental or for-sale housing Entity Name: Community Development Group, LLC. Entity Address: 11-15 Clinton Street, 9B, Newark, New Jersey 07102 Sale Amount: $37,348.80 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $411,000.00 Appraised Amount: $0.00 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) 169 S 9th Street/Block 1813/Lot 16/West Ward 14 Alexander Street/Block 4057/Lot 11/West Ward 24-26 Underwood Street/Block 4078/Lot 46/West Ward Additional Information: Total Square Footage = 9,337.2 X $4.00 = $37,348.80 Sale at prices set forth by Ordinance 6S&Fh adopted on April 7, 2004, establishing the minimum sale price of City-owned property. Deferred 7R3-g (s) 082316 Deferred 7R3-a 090816