Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of a new mixed-use building consisting of one (1) commercial space and two (2) residential units. Both residential units will be designated for households earning 50% of the Area Median Income (AMI). Entity Name: Abdullatif Consulting LLC Entity Address: 653 West Edgar Road NUM 1120, Linden, New Jersey 07036 Sale Amount: $24,670.80 Cost Basis: (X) $14.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $9,300.00 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) 46-50 Ridgewood Avenue /Block 2665/Lot 38/ South Ward Additional Information: Sale Price: Total Square Footage X PSF = 1,762.20 X $14.00 = $24,670.80. 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 February 3, 2026

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