Dept/ Agency: Economic and Housing Development Department Action: ( ) Ratifying ( x ) Authorizing ( x ) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amended to Agreement for the Sale and Redevelopment of Land to Broadbelt CMGC, LLC, to amend the Scope of the Project and Extend the Project Schedule/Completion Date Entity Name: Broadbelt CMGC, LLC Entity Address: 25 Clifton Avenue, Suite D2204, Newark, New Jersey 07104 Sale Amount: $67,375.00 Cost Basis: (X) $7.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $198,900.00 Appraised Amount: N/A Contract Period: Pursuant to Exhibit B of the First Amended Agreement for the Sale and Redevelopment of Land 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 9th Avenue/Block 1856/Lot 7/West Ward 338 Orange Street/Block 2848/Lot 6/Central Ward 13 Hecker Street/Block 2848/Lot 11/Central Ward 15 Hecker Street/Block 2848/Lot 12/Central Ward Additional Information:

Resolution Adopted Introduced March 3, 2025

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