Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To grant financial assistance for the renovation of a three story six-unit residential apartment building located at 550-552 South 18th Street, Block 335, Lot 52 in the West Ward Redevelopment area. Entity Name: Hamlett Management, LLC Entity Address: 454 Morris Avenue, Springfield, New Jersey 07081 Grant Amount: $150,000.00 Funding Source: Community and Economic Development Dedicated Trust Fund Total Project Cost: $802,222.00 City Contribution: $0.00 Other Funding Source/Amount: Finance of America Commercial - $487,200.00 Other - $165,022.00 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) 550-552 South 18th Street/Block 335/Lot 52/West Ward Additional Information: