Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Redevelopment Agreement Purpose: First Amendment to Agreement for Sale of Land and Redevelopment Entity Name: 650 Springfield Ave Urban Renewal, LLC and 41 19th Ave Urban Renewal, LLC Entity Address: 61 Deans Lane, Monmouth Junction, New Jersey 08882 Contract Amount: N/A Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a Additional Information: The First Amendment to the Redevelopment Agreement will update the Project description and permit the development of a portion of the Project, as defined in the Agreement, by 41 19th Ave Urban Renewal, LLC, an affiliate, for the period of twelve (12) to twenty-four (24) months of receiving the building permits. List of Property: (Address/Block/Lot ADDRESS/BLOCK/LOT 650-656 Springfield Avenue/364/21 709 South 16th Street/364/9 711 South 16th Street/364/10 713 South 16th Street/364/11 715 South 16th Street/364/12 717 South 16th Street/364/13 708 South 17th Street/364/28 712 South 17th Street/364/26 714-716 South 17th Street/364/24 718-722 South 17th Street/364/22 724-726 South 17th Street/364/29 55 19th Avenue/364/1