Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Agreement to develop parking, fencing, and landscaping on a right-of-way disposal parcel Entity Name: Premier Framing, LLC. Entity Address: 298-318 Wilson Avenue, Newark, New Jersey 07105 Sale Amount: $59,580.00 Cost Basis: (X) $5.00 PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $0.00 Appraised Amount: $0.00 Contract Period: To be commenced within three (3) months of transfer of ownership by the City and completed within twelve (12) months of transfer 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) 298-318 Wilson Ave., Newark, New Jersey 07105/N.A./N.A./East Ward Additional Information: The parcel of real property shown on the official tax map of the City of Newark as the westerly right-of-way of Avenue L beginning at a point located in the existing southerly line of Wilson Avenue, having neither a block or lot number, located in the East Ward of the City, and more commonly known as R.O.W. Disposal Parcel 1, as defined in Exhibit A. Deferred 7R3-g 090816 Deferred 7R3-b (s) 091316