Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Grant Agreement Purpose: To amend and reinstate a Grant Agreement that provides financial assistance for the project. Entity Name: Bergen Street Redevelopment Urban Renewal, LLC Entity Address: 953 Bergen Street, Newark, New Jersey 07112 Grant Amount: $1,900,000.00 Funding Source: Motor Vehicle Tax Revenue Bond, Series 2015 Contract Period: Upon Municipal Council adoption through Project Completion 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) 1037-1047 Bergen Street, Block 3661, Lots 3, 5 and 8/South Ward 1057-1059 Bergen Street, Block 3660, Lot 11/ South Ward Additional Information: