Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate the vacant land by creating a side-yard for his adjacent home. Entity Name: Michael Carson Entity Address: 380 Summer Avenue, Newark, New Jersey 07104 Sale Amount: $22,284.00 Cost Basis: (X ) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $29,500.00 Appraised Amount: $N/A Contract Period: To be commenced within 3 months and be completed within 18 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) 382 Summer Avenue/Block 611/Lot 12/North Ward Additional Information: Total Square Footage = 5,571 Deferred to Special 7R3-c 042016