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: Hamlett Management, LLC Entity Address: 454 Morris Avenue, Springfield, New Jersey 07081 Sale Amount: $20,000.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $291,700.00 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) 527 South 16th Street/Block 334/Lot 16/West Ward 529 South 16th Street/Block 334/Lot 15/West Ward Additional Information: Total Square Footage = 5,000. X $4.00 = $20,000.00 Sale to RFQ respondent to build/repair properties included in the MNI (Model Neighborhood Initiative, at prices set forth by Ordinance 6S&Fh April 7, 2004, establishing the minimum sale price of City-owned property.