Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To grant financial assistance for the construction of four (4) two (2) family homes for a total of eight (8) units known as the Homes@ Parkwest located in the Neighborhood Development Program area. Entity Name: Rising Plains, LLC Entity Address: 1515 Morris Place, Hillside, New Jersey 07205-1626 Grant Amount: $285,749.00 Funding Source: Community and Redevelopment Dedicated Trust Account/Business Unit: NW026; Dept: BS; Div/Proj.:N/A; Activity: N/A; Account: #32100; Budget Ref.: B2019 Total Project Cost: $1,564,540.00 City Contribution: $0.00 Other Funding Source/Amount: L&S Equities - $1,000,000.00/Other -$278,791.00 Grant Period: Commencing upon full execution of the Grant Agreement and expires within twenty-four (24) months of commencement of construction 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) 414 South 16th Street/Block 319/Lot 18/West Ward 414 South 16th Street (Rear)/Block 319/Lot 52/West Ward 465 South 16th Street/Block 327/Lot 35/West Ward 467 South 16th Street/Block 327/Lot 36/West Ward 470 South 16th Street/Block 328/Lot 40/West Ward 478 South 16th Street/Block 328/Lot 36/West Ward Additional Information: