Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( X ) Amending Type of Service: Private Sale/Redevelopment Purpose: Second Amendment to Redevelopment Agreement Entity Name: Morris Fairmount Associates Urban Renewal, LLC Entity Address: c/o Morris Realty Associates, LLC, 350 Veterans Boulevard, Rutherford, New Jersey 07070 Sale Amount: $10.00 Cost Basis: ( ) $ PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $ Appraised Amount: $474,500.00 Contract Period: n/a 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) 189-199 Blanchard Street (Block 2438, Lot 92) (the “Original City Property”) and 190-202 Blanchard Street and abutting underwater land (Block 5001, Lots 50 and 50.01) - EAST WARD Additional Information: Original Redevelopment Agreement was authorized by Resolution 7Rg031506 adopted March 15, 2006. The first Amendment to the Redevelopment Agreement was authorized by Resolution 7R3-A(AS)(S) 012308 Purchase price of property shall be adjusted to $10.00; Entity to receive a credit of $474,490.00 against appraised fair market value for remediation and riparian rights.