Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate the property to create additional access to its contiguous business located at 66-88 Hecker Street, Block 2843, Lot 21 Entity Name: Dickerson Development, LLC Entity Address: 201-203 Sussex Avenue, Newark, New Jersey 07107 Sale Amount: $15,000.00 Cost Basis: ( ) $ PSF ( X ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $ 36,000.00 Appraised Amount: $20,000.00 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 (X) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 69 Hudson Street/Block 2843/Lot 13/Central Ward Additional Information: Approximately $6.309 per sq. ft.