Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To provide grant funding for fit out and building costs for the ShopRite Supermarket consisting of approximately 67,000 square feet. Entity Name: Newark Shoprite, LLC. Entity Address: 1409 Broad Street, Bloomfield, New Jersey 07003 Grant Amount: $2,000,000.00 Funding Source: Community and Economic Development Dedicated Trust Fund Total Project Cost: $13,098,000.00 City Contribution: $2,000,000.00 Other Funding Source/Amount: $0.00 Contract Period: October 17, 2013 through October 14, 2017 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) 206 Springfield Avenue/Block 236/Lot 1.05 Additional Information: Entity is a Sub-lessee at 206 Springfield Avenue, Newark, New Jersey 07103 (ShopRite)