Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Redevelopment of Various Properties Entity Name: Community Asset Preservation Corporation Entity Address: 59 Lincoln Park, Suite 50, Newark, New Jersey 07102 Sale Amount: $ Cost Basis: ( X ) $ 2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $ Appraised Amount: $ Contract Period: Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a List of Property: (Address/Block/Lot/Ward) REFER TO EXHIBITS A & B (Total Properties 156) Exhibit A, City Owned (21) Exhibit B, Privately Owned (135) Additional Information: Ordinance 6S&FC 032107; Authorized an Abandoned Property List Ordinance 6PHS&FF 062106; Established the Affordable Housing Trust Fund Resolution 7RG 110605; Established the Community and Economic Development Dedicated Trust Fund Resolution 7RDO(AS) 061505; Designated the entire City an area in need of rehabilitation