Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Develop sixteen (16) two-family or three-family homes Entity Name: Urban League of Essex County Entity Address: 508 Central Ave., Newark, New Jersey 07107 Sale Amount: $85,682.00 Cost Basis: (X ) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $495,300.00 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) 147 Camden Street/Block 262/Lot 35/West Ward 157 Camden Street/Block 262/Lot 40/West Ward 165 Camden Street/Block 262/Lot 44/West Ward 172-178 Fairmount Avenue/Block 262/Lot 26, 27, 28/West Ward 208-210 Fairmount Avenue/Block 262/Lot 10, 11/West Ward 224 Fairmount Avenue/Block 262/Lot 3/West Ward 228 Fairmount Avenue/Block 262/Lot 1/West Ward 187 Fairmount Avenue/Block 263/Lot 41/West Ward 195 Fairmount Avenue/Block 263/Lot 45/West Ward 217 Fairmount Avenue/Block 263/Lot 69/West Ward 219-221 Fairmount Avenue/Block 263/Lot 58/West Ward 227-229 Fairmount Avenue/Block 263/Lot 61/West Ward Additional Information: Total Square Footage: 42,841.; (12 Lots)