Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate property into a construction training lab for its students. Entity Name: YouthBuild Newark, Inc. Entity Address: 571 Central Avenue, Newark, New Jersey 07107 Sale Amount: $8,200.00 Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $234,100.00 Appraised Amount: N/A Contract Period: To be commenced within three (3) months and be completed within twelve (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) 131-133 S 12th Street/Block 1859/Lot 29/West Ward Additional Information: Total Square Footage= 4,100. X $2.00 = $8,200.00 Private sale to a community non-profit for a training facility.