Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Redevelopment Agreement Purpose: Third Amendment to Redevelopment Agreement Entity Name: Old Third Ward Redevelopment, LLC Entity Address: 2 Cooper Street, 14th Floor, Camden, New Jersey 08102 Contract Amount: $3,345,000.00 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a List of Property: (Address/Block/Lot/Ward) 134-148 Spruce Street/Block 2556/Lot 1.01/Central Ward 25-49 Somerset Street/Block 2556/Lot 1.02/Central Ward 1-23 Somerset Street/Block 2556/Lot 1.03/Central Ward 84-140 Barclay Street/Block 2563/Lot 1/Central Ward 135-145 Spruce Street/Block 2563/Lot 75/Central Ward 57-117 Somerset Street/Block 2563/Lot 76/Central Ward Addition Information: - Resolution 7R3-a (s) adopted on November 29, 2011 - Redevelopment Agreement - Resolution 7R3-c (s) adopted on April 23, 2013 - First Amended Redevelopment Agreement - Resolution 7R3-d (as) adopted on March 19, 2014 - Amendment to purchase price of the Property sold in Phase I from $1,920,000.00 to $1,425,000.00 - Resolution 7R2-a adopted on April 3, 2019 authorizing a Second Amendment to the Redevelopment Agreement