Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate properties as rental or for-sale housing Entity Name: L. Velez General Contractors, LLC Entity Address: 598 Clifton Avenue, Newark, New Jersey 07104 Sale Amount: $20,000.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $296,800.00 Appraised Amount: N/A Contract Period: To commence 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) 60 11th Avenue/Block 1811/Lot 6/West Ward 46 N 13th Street/Block 1923/Lot 24/West Ward Sale price as set forth by Ordinance 6S&Fh adopted on April 7, 2004 establishing the minimum sale price of City-owned property. Additional Information: