Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Public Real Estate Auction Purpose: To sell real estate property, not needed for public use, by open public sale at auction to the highest bidder. Date of Auction: June 30, 2016 Location of Auction: Newark Symphony Hall, 1020 Broad Street, Newark, New Jersey 07102 Cost Basis: ( ) PSF ( ) Negotiated ( ) N/A (X) Other: Contract Basis: (X ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a List of Property: Refer to Resolution, Exhibit A Additional Information: Total of Twenty-Five (25) properties to be considered for auction. Number of properties per Ward: 5 Central Ward, 4 North Ward, 1 South Ward, 15 West Ward