Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To grant financial assistance for a project consisting of four (4) two family houses and two (2) three family houses for a total of six (6) homes to be built in the West Ward Model Neighborhood area to be known as the “West Ward New Homes Initiative Project” Entity Name: Jarid Jamar Construction Company, Inc. Entity Address: 9 Weber Road, West Orange, New Jersey 07052 Grant Amount: $500,000.00 Funding Source: New Jersey Redevelopment Authority, City of Newark, Private Lendor Total Project Cost: $1,195,000.00 City Contribution: $500,000.00 Other Funding Source/Amount: N/A/$ Contract Period: July 1, 2016 through June 30, 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) 425 South 18th Street (Block 322, Lot 17), 479 South 17th Street Rear (Block 326, Lot 15), 479 South 17th Street (Block 326, Lot 51), 467-469 South 15th Street (Block 328, Lot 19), 455-457 South 14th Street (Block 329, Lots 46 and 47), 456 South 14th Street (Block 330, Lot 43) 454 South 14th Street (Block 330, Lot 44) (West Ward) Additional Information: