Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose: First Amendment to the Agreement for the Sale and Redevelopment of Land to 3MB Properties, LLC to amend the Property Addresses and Sale Price Entity Name: 3MB Properties, LLC Entity Address: 39 Chapman Place, Irvington, New Jersey 07111 Sale Amount: $80,020.80 Cost Basis: (X) $10.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $216,400.00 Appraised Amount: N/A Contract Period: To commence within three (3) months and be completed within eighteen (18) months from the transfer of ownership by the City 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) 518 South 14th Street/Block 331/Lot 37/West Ward 651 South 10th Street/Block 2617/Lot 37/South Ward 892 South 20th Street/Block 3015/Lot 3/South Ward Additional Information: Resolution 7R2-d, adopted on September 21, 2022, authorized the Private Sale/Redevelopment pursuant to the Agreement for the Sale and Redevelopment of Land. This Resolution authorizes a First Amendment to the Agreement for the Sale and Redevelopment of Land to amend the Property Addresses and Sale Price.

Resolution Adopted Introduced April 29, 2025

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