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 Kawaida Towers JV Partners, LLC Entity Name: Kawaida Towers JV Partners, LLC Entity Address: 8 Lombardy Street, Suite 320, Newark, New Jersey 07102 Contract Amount: $500,000.00 Funding Source: Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP (X ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 17-21 Halsey Street/Block 20/Lot 1/Central Ward Additional Information: