Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Loan Purpose: Resolution authorizing: (i) a First Amendment to the Deed Restrictive Affordable Housing Agreement and Redevelopment Agreement; (ii) First Amendment to Mortgage and Security Agreement; (iii) First Amendment to Note; and (iv) Partial Release with GK Preservation LLC, the Redeveloper and collectively, the Project Amendment Documents, of 1865 Palmer Avenue, Suite 203, Larchmont, New York, New York 10538, to release Block 1808, Lot 1.02, from the Mortgage. Entity Name: GK Preservation, LLC Entity Address: 1865 Palmer Avenue, Suite 203, Larchmont, New York 10538 Funding Source: Federal HOME Program Funds Contract Period: Funds must be expended within forty-eight (48) months from the date of adoption 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) 250 Georgia King Village/Block 1808, Lot 1.01/West Ward Additional Information: