Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: The new construction of two (2) residential homes, consisting of one (1) four-family home and one (1) three-family home, both to be sold at market rate. Entity Name: Leveluxe, LLC Entity Address: 60 Park Place, Suite 409, Newark, New Jersey 07102 Sale Amount: $113,777.00 Cost Basis: (X) $20.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $113,900.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) 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) 20 Shanley Avenue/Block 2626/Lot 17/South Ward 95 North Munn Avenue/Block 4220/Lot 14/West Ward Additional Information: Sale Price: Total Square Footage X PSF = 5,688.85 X $20.00 = $113,777.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties. Deferred 7R2-e 031826 Deferred 7R2-c 040126 Deferred 7R2-b 041526

Resolution Returned to Administration Introduced November 3, 2025

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