Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Rehabilitating the properties for sale as affordable housing in accordance with requirements of the Federal HOME Program Entity Name: The Urban League of Essex County Entity Address: 508 Central Avenue, Newark, NJ 07107 Sale Amount: $32,140.00 Cost Basis: (X) $2.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $801,200.00 Appraised Amount: $N/A Contract Period: Commenced within (3) months and be completed within 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/Sq. Feet/Assessed Value) 203 Littleton Avenue/1778/17.01/West/4,065/$200,300.00 205-207 Littleton Avenue/1778/17.02/West/4,035/$200,300.00 209 Littleton Avenue/1778/17.03/West/4,000/$200,300.00 211-213 Littleton Avenue/1778/17.04/West/3,970/$200,300.00 Additional Information: N/A Invitation: Director of Economic & Housing Development, November 22, 2011