Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/ Redevelopment Purpose: Rehabilitating an existing building to create 20 beds of transitional housing for female veterans; and a retail or commercial business space. Entity Name: Clinton Valley Development Group, Inc. Entity Address: 456 Washington Street, Newark, New Jersey 07102 Sale Amount: $12,501.72 Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $171,000.00 Appraised Amount: $45,000.00 Contract Period: To be commenced within three (3) months and be completed within twenty-four (24) 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) 522-524 Clinton Avenue/Block 3019/Lots 9, 10/South Ward Additional Information: Total Square Footage = 6,250.86 X $2.00 = $12,501.72 Sale Price as set forth by Ordinance 6S&Fh April 7, 2004, establishing the minimum sale price of City-owned property.