Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide a new headquarters for Brilliant Smiles Pediatric Dentistry with the second and third floors owner-occupied. Entity Name: Suffiyah L. Webb Entity Address: 2 Center Street, Apt. 1205, Newark, New Jersey 07102 Sale Amount: $222,780.00 Cost Basis: (X) $79.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $454,400.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and completed within twenty-four (24) months following transfer of property ownership from the City to the Redeveloper. 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) 257 Martin Luther King Boulevard/Block 2857/Lot 13/Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 2,820 X $79.00 = $222,780.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.

Resolution Adopted Introduced March 12, 2024

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