Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Redevelop seven in-fill vacant lots into four (4) two (2) family homes and two (2) three (3) family homes. Entity Name: Jarid Jamar Construction Company, Inc. Entity Address: 9 Weber Road, West Orange, New Jersey 07052 Sale Amount: $80,241.08 Cost Basis: (X ) $4.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $301,000.00 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) 425 So. 18th Street./Block 322/Lot 17/West Ward 479 So. 17th Street.(Rear)/Block 326/Lot 15/West Ward 479 So. 17th Street./Block 326/Lot 51/West Ward 467-469 So. 15th Street./Block 3286/Lot 19/West Ward 455-457 So. 14th Street./Block 3296/Lots 46 and, 47/West Ward 456 So. 14th Street./Block 330/Lot 43/West Ward 454 So. 14th Street./Block 330/Lot 44/West Ward Additional Information: Total Square Footage = 20,060.27