Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: Amending Private Sale Resolution # 7R3-f 031809, and entering into a Revised First Amended Agreement For the Sale of Land and Redevelopment. Entity Name: Episcopal Community Development, Inc. Entity Address: 31 Mulberry Street, Newark, New Jersey 07102 Original Amount: Not to exceed $275,000.00 Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: _________ Sale Amount: Not to exceed $304,950.00 Assessed Amount: $385,100.00 Contract Period: Extend Redeveloper 60 days to execute Revised Agreement Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Added Property: Address/Block/Lot/Ward 434 Avon Avenue/ 2646/4/ SW 509 Avon Avenue/2640/29/SW 503 Avon Avenue/2639/28/SW 746-748 Bergen Street/2707/42/SW 11-15 Emmet Street/2804/15, 16, 17/SW 20 Hawthorne Avenue/3554/7/SW 22 Hawthorne Avenue/3554/8/SW 278 Johnson Avenue/3554/12/SW 723 Springfield Avenue/2640/37/ SW Additional Information: N/A Invitation: Economic & Housing Development Director, May 17, 2011