Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Sale of City property for redevelopment purposes Entity Name: The Friends of TEAM Academy Charter School and Ashland School Inc. Entity Address: 60 Park Place, Suite 802, Newark, NJ 07102 Sale Amount: $261,576.88 Cost Basis: ( ) $ PSF ( ) Negotiated ( X ) N/A ( ) Other: Assessed Amount: $ Appraised Amount: $ Contract Period: Start and end dates 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) 424-430 S. Orange Ave./317/1, 2, 3, 4/West Ward 418-422 S. Orange Ave./317/5, 6, 7/West Ward 406-408 S. Orange Ave./317/13/West Ward 9 Ashland St./317/15/West Ward 410-414 S. 14th St./317/56/West Ward 416-422 S. 14th St./317/58/West Ward 18 Newark St./2853/19/Central Ward 16 Newark St./2853/21/Central Ward 14 Newark St./2853/23/Central ward 268 Orange St./2853/28/Central Ward 266 Orange St./2853/29/Central Ward 262-264 Orange St./2853/30/Central Ward Additional Information: