Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Develop a mixed-use residential/commercial building. Entity Name: Davidson, Abraham and Associates, LLC Entity Address: 295 Hudson Avenue, Englewood, New Jersey 07631 Sale Amount: $5,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $1,586,300.00 Appraised Amount: N/A 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) 114-116 Market St. Rear/Block 60/Lot 33.02/Central Ward Additional Information: Property to be conveyed for nominal consideration to off-set remediation and demolition costs projected to exceed $2,000,000.00.