Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of a mixed-use building consisting of thirty-two (32) residential apartments and two (2) ground-level commercial spaces, with twenty percent (20%) of the residential units designated as affordable housing. Entity Name: GonSosa Development LLC Entity Address: 429 Chestnut Street, Roselle Park, New Jersey 07204 Sale Amount: $220,500.00 Cost Basis: (X) $ 21.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $126,000.00 Appraised Amount: N/A 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) 372-378 15th Avenue/Block 275/Lot 29/ Central Ward Additional Information: Sale Price: Total Square Footage X PSF = 10,500 X $21.00 = $220,500.00. 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-p 071526 Deferred 7R2-g 080526

Resolution Held in Council Introduced February 5, 2026

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