Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitate the properties to provide religious and community services and add two (2) additional floors for a learning facility within ten (10) years Entity Name: Masjid Rahmah, Inc. Entity Address: 657 Dr. Martin Luther King, Jr. Boulevard, Newark, New Jersey 07102 Sale Amount: $177,000.00 Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A (X) Other: Proposal Assessed Amount: $1,169,800.00 Appraised Amount: $0.00 Contract Period: To be commenced within three (3) months and be completed within eighteen (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) 483 Washington Street/Block 121/Lot 36/Central Ward 485 Washington Street/Block 121/Lot 37/Central Ward 487 Washington Street/Block 121/Lot 38/Central Ward 489-491 Washington Street/Block 121/Lot 39/Central Ward Additional Information: Respondent to Rolling Sale RFP