Dept/ Agency: Economic and Housing Development Department Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Redevelopment Agreement Purpose: To authorize the execution of a First Amendment of the Agreement for the Sale and Redevelopment of land between the City of Newark and 301 Morris Avenue Partners, LLC, as the Successor in Interest to Faro Development, LLC. Entity Name: 301 Morris Avenue Partners, LLC Entity Address: Newark, New Jersey 07104 Contract Amount: Not Applicable Funding Source: Not Applicable Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contribution ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a List of Property: (Address/Block/Lot/Ward) 64 14th Avenue/Block 246/Lot 5/Central Ward 295-297 Morris Avenue/Block 246/Lot 7/Central Ward 299 Morris Avenue/Block 246/ Lot 8/Central Ward 301 Morris Avenue/Block 246/Lot 9/Central Ward 303 Morris Avenue/Block 246/Lot 10/Central Ward Additional Information: Deferred 7R2-d 101823