Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Redevelopment Agreement Purpose: Authorizing execution of Redevelopment Agreement with Brandywine Acquisition and Development, LLC, as the designated redeveloper of the Bergen Street Police and Fire Training Academy as part of a public-private partnership entered into under the Local Redevelopment and Housing Law Entity Name: Brandywine Acquisition and Development, LLC Entity Address: 2 Ponds Edge Drive, P.O. Box 500, Chadds Ford, Pennsylvania 19317 Contract Amount: One Million Two Hundred Thousand Dollars and Zero Cents ($1,200,000.00) Development Agreement Term: This Redevelopment Agreement shall commence on the Effective Date and shall not expire until the issuance of a Certificate of Completion for the Project City Contribution to Development Project: ( ) Grant or Loan ( ) Guarantee ( ) None ( ) Other:( ) Developer Investment: :( ) Developer Third-Party Financing Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( X ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 687-689 Bergen Street/Block 2687/Lot 14/South Ward 691 Bergen Street/Block 2687/Lot 16 and 60/South Ward 693 Bergen Street/Block 2687/Lot 17/South Ward 695-715 Bergen Street/Block 2687/Lot 25/South Ward 158 Chadwick Avenue/Block 2687/Lot 43/South Ward 160 Chadwick Avenue/Block 2687/Lot 42/South Ward 162 Chadwick Avenue/Block 2687/Lot 41/South Ward 164 Chadwick Avenue/Block 2687/Lot 40/South Ward Additional Information: