Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Assignment of Contract Agreement Purpose: Resolution consenting to the Assignment of the Financial Agreement from Riverfront Quarters Urban Renewal, LLC, to Riverview Lofts Urban Renewal, LLC for a Residential Rental Project located at 638-646 Raymond Boulevard, Newark, New Jersey 07105 and identified on the Official Tax Map of the City of Newark, as Block 2020, Lot 4. Entity Name: Riverview Lofts Urban Renewal, LLC Entity Address: 1405 N Broad Street, Hillside, NJ 07205 Abatement Period: Term of tax abatement remaining years upon transfer. 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) (638-646 Raymond Boulevard, Newark, New Jersey 07105 and identified on the Official Tax Map of the City of Newark, as Block 2020, Lot 4 Additional Information: Original tax abatement granted by Ordinance 6PSF-d 091824