Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construct Mixed-Use Commercial and Residential Development Entity Name: Aim Steel International Corporation Entity Address: 2366 Sylvan Road, Atlanta, Georgia 30344 Sale Amount: $164,107.20 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $981,200.00 Appraised Amount: $830,000.00 Contract Period: To be commenced within three (3) months and be completed within 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) 285 Springfield Avenue/Block 2518/Lot 1/Central Ward 283 Springfield Avenue/Block 2518/Lot 2/Central Ward 281 Springfield Avenue/Block 2518/Lot 3/Central Ward 279 Springfield Avenue/Block 2518/Lot 4/Central Ward 277 Springfield Avenue/Block 2518/Lot 5/Central Ward 275 Springfield Avenue/Block 2518/Lot 6/Central Ward 269-273 Springfield Avenue/Block 2518/Lot 7/Central Ward 11-13 Boyd Street/Block 2518/Lot 11/Central Ward 5 Sayre Street/Block 2518/Lot 43/Central Ward 7-9 Boyd Street/Block 2518/Lot 61/Central Ward 14 Boyd Street/Block 2519/Lot 47/Central Ward 12 Boyd Street/Block 2519/Lot 48/Central Ward 8-10 Boyd Street/Block 2519/Lot 49, 50/Central Ward 6 Boyd Street/Block 2519/Lot 51/Central Ward 265-267 Springfield Avenue/Block 2519/Lot 52, 53/Central Ward 261-261½ Springfield Avenue/Block 2519/Lot 56/Central Ward Additional Information: Total Square Footage: 41,026.80 X $4.00 = $164,107.20 Sale Price as set forth by Ordinance 6S&fh, adopted April 7, 2004, establishing the minimum sale price of City-owned property.