Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitating the land-locked parcel to provide ancillary parking for the adjacent tenants; and within sixty (60) days of closing shall merge the Property with the contiguously owned property located at 539 Ferry Street, Block 2480, Lot 3 Entity Name: Theresa M. Pereira Entity Address: 87 William Street, Kearny, New Jersey 07032 Sale Amount: $5,000.00 Cost Basis: (X) $4.20 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $187,500.00 Appraised Amount: N/A Contract Period: To commence within 3 months and be completed within 18 months from the transfer of title. 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) 10-12 Lentz Avenue Rear/Block 2480/Lot 57/East Ward Additional Information: Approx. $4.202 per sq. ft.