Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Redevelop two contiguous vacant land parcels into 3-story townhome style apartments. Entity Name: MCI Construction Services, LLC Entity Address:136 Tiffany Boulevard, Suite 335, Newark, New Jersey 07104 Sale Amount: $26,720.00 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $112,200.00 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 (X) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 400-402 Avon Avenue/Block 2648/Lot 51/South Ward 404 Avon Avenue/Block 2648/Lot 49/South Ward Additional Information: 6,680.sq. ft. X $4.00 = $26,720.00