26-0472

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of two (2) new three-family or two-family homes to sale at market rate. Entity Name: Level 6IX Group, LLC Entity Address: 226 Isias Court BLDG 76, Perth Amboy, New Jersey 08861 Sale Amount: $120,336.00 Cost Basis: (X) $23.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $85,400.00 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) 9 Gladstone Avenue/Block 4004/Lot 43/ West Ward 11 Gladstone Avenue/Block 4004/Lot 42/ West Ward Additional Information: Sale Price: Total Square Footage X PSF = 5,232 X $23.00 = $120,336.00 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 April 1, 2026

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