Dept./Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To provide for a Grant Agreement with Thomas Street Urban Renewal, LLC. Entity Name: Thomas Street Urban Renewal, LLC Entity Address: 300 Wilson Avenue, Newark, New Jersey 07105 Additional Grant Amount: Not to exceed $300,000.00 Funding Source: Community and Economic Development Dedicated Trust Fund Total Project Cost: $12,927,471.30 City Contribution: $300,000.00 Other Funding Source/Amount: HOME Program Funds/Private Lenders Grant Period: Construction has commenced and shall be completed within twenty-four (24) months following construction commencement 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) 184-194 Thomas Street/Block 1164, Lot 11/East Ward Additional Information: