Dept./Agency: Economic and Housing Development Action: ( X ) Ratifying ( ) Authorizing ( X ) Amending Type of Service: Grant Agreement Purpose: First Amendment for a Grant and Grant Agreement with Kawaida Towers JV Partners, LLC in the amount of $8,000,000.00 Entity Name: Kawaida Towers JV Partners, LLC Entity Address: 8 Lombardy Street, Suite 320, Newark, New Jersey 07102 Grant Amount: $8,000,000.00 Funding Source: Community Project Funding Grant Total Project Cost: $23,046,833.00 Other Funding Source/Amount: Grant Period: Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( X ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 17-21 Halsey Street/Block 20/Lot 1/Central Ward Additional Information: Resolution 7R2-d adopted by Municipal Council on April 15, 2026, authorized a Grant Agreement between Kawaida Towers JV Partners, LLC and the City of Newark. The First Amendment to the Grant Agreement reflects the revised terms and conditions applicable to the City’s award of Community Project Funding