Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To grant financial assistance for post construction costs and expenses, not limited to working capital and any construction cost overruns for the build out of 3,381 square feet of commercial space in a newly built mixed-use building. Entity Name: Urban City Foods, LLC Entity Address: 1212 Springfield Avenue, Irvington, New Jersey 07111 Grant Amount: $300,000.00 Funding Source: Community and Economic Development Dedicated Trust Fund Total Project Cost: $1,279,750.00 City Contribution: $300,000.00 Other Funding Source/Amount: New Jersey Community Capital (NJCC): $523,800.00; Invest Newark: $405,950.00; Other: $50,000.00 Grant Period: Commencing upon full execution of the Grant Agreement and expiring within twenty-four (24) months of 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: (if applicable) (Address/Block/Lot/Ward) 915 Broad Street, Block 93, Lot 29 /Central Ward Additional Information: