Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Assignment of Contract Agreement Purpose: Consenting to transfer property and assignment of Financial Agreement from RNJ Court Street Urban Renewal, LLC to Court Tower Urban Renewal, LLC, for an affordable housing project located at 961-985 Broad Street and designated as Block 111, Lot 75, Newark, New Jersey 07102 Entity Name: Court Tower Urban Renewal, LLC Entity Address: 200 Vesey Street, 24th Floor, New York, New York 10281 Contract Amount: N/A Funding Source: N/A Contract Period: 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 List of Property: 961-985 Broad Street/Block 111/Lot 75/Central Ward) Additional Information: Original Tax Abatement granted by Ordinance 6PSF-c (s) adopted on May 26, 2016.