Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide for the development of 257 Clinton Avenue into a newly paved parking lot for use by adjacent commercial building owned by the developer. Entity Name: J&A Group Properties, LLC Entity Address: 292 Whippany Road, Whippany, New Jersey 07981 Sale Amount: $11,500.00 Cost Basis: (X ) $6.89 (Approx.) PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $20,100.00 Appraised Amount: N/A Contract Period: Commencing within three (3) months and completed within eighteen (18) months from the transfer of ownership 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) 20 Avon Avenue/2668/29/South Ward Additional Information: J&A Group Properties, LLC, is owner of the adjacent commercial property located at 257 Clinton Avenue, Block 2668, Lot 46