Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Resolution of Support Purpose: To provide Municipal Council support for the submission of an application for tax credits sought by Developer under the New Jersey Aspire Tax Credit Program to the New Jersey Economic Development Authority. Entity Name: Essex Plaza Land One, LLC Entity Address: 3500 South DuPont Highway, Dover, Delaware 19901 Grant Amount: $0.00 Total Project Cost: $144,426,357.00 City Contribution: $0.00 Other Funding Source/Amount: Traditional debt financing and equity funding Grant Period: Ten (10) years - Tax Credit Period, from project completion date 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 15-25 Camp Street/Block 892/Lot 24/East Ward 107 Orchard Street/Block 892/Lot 26/East Ward 109 Orchard Street/Block 892/Lot 27/East Ward 111 Orchard Street/Block 892/Lot 28/East Ward 113 Orchard Street/Block 892/Lot 29/East Ward 115 Orchard Street/Block 892/Lot 30/East Ward 117 Orchard Street/Block 892/Lot 31/East Ward 119-121 Orchard Street/Block 892/Lot 33/East Ward 123-125 Orchard Street/Block 892/Lot 35/East Ward 127 Orchard Street/Block 892/Lot 37/East Ward 129-131 Orchard Street/Block 892/Lot 39/East Ward 22-30 Pennington Street/Block 892/Lot 43/East Ward 20 Pennington Street/Block 892/Lot 47/East Ward 18 Pennington Street/Block 892/Lot 48/East Ward 115 Orchard Street Rear/Block 892/Lot 53/East Ward Additional Information: