Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Redevelop five scattered in-fill vacant lots into five (5) 2-family homes. Entity Name: ProudLiving Companies, LLC Entity Address: 26 S. Park Street, Floor 3, Montclair, New Jersey 07042 Sale Amount: $54,797.60 Cost Basis: (X) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $88,100.00 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 ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 87 Seymour Avenue/Block 3001/Lot 19/South Ward 127 Seymour Avenue/Block 3024/Lot 86/South Ward 128 Seymour Avenue/Block 3019/Lot 17/South Ward 174 Seymour Avenue/Block 3020/Lot 41/South Ward 95 Chadwick Avenue/Block 3000/Lot 7/South Ward Additional Information: 13,699.40 x $4.00 = $54,797.60