Dept/ Agency: Economic and Housing Development Department Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Redevelopment Agreement Purpose: Authorize Execution of an Agreement for the Sale and Redevelopment of Land Between the City of Newark and The New Jersey Performing Arts Center Corporation Entity Name: The New Jersey Performing Arts Center Corporation Entity Address: 1 Center Street, Newark New Jersey 07102 Contract Amount: $10,000,000.00 Funding Source: Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a List of Property: (Address/Block/Lot/Ward) 614-706 Mayor Kenneth A. Gibson Boulevard/Block 124/Lot 1 Central Ward Additional Information: