Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Complete redevelopment site assemblage for property inadvertently omitted from purchase at September 16, 2014 auction Entity Name: Waleed Mohammad and Muhmood Ahmadi Entity Address: 107 Walnut Street, Livingston, New Jersey 07039 Sale Amount: $18,500.00 Cost Basis: ( ) $ PSF (X ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $60,400.00 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) 482 Springfield Avenue/Block 306/Lot 56/Central Ward Additional Information: Resolution 7R3-E(AS) Adopted 10/01/14; Accepted purchasers bid for properties 478 and 480 Springfield Avenue, Block 306, Lots 55 and 54, Central Ward