Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Apply and Accept Resolution Purpose: Application/Acceptance of Loan Funds from the United States Department of Housing and Urban Development’s Section 108 Loan Guarantee Provision of the Community Development Block Grant Program Entity Name: City of Newark Entity Address: 920 Broad Street, Newark, New Jersey 07102 Grant Amount: $12,000,000.00 Funding Source: United States Department of Housing and Urban Development Total Project Cost: $0.00 City Contribution: $0.00 Other Funding Source/Amount: $0.00 Contract Period: 2013-2017 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a Additional Information: Resolution 7R1-j adopted on September 18, 2013