Dept/ Agency: Economic & Housing Development Action: ( X ) Ratifying (X) Authorizing (X) Amending Type of Service: Amending Resolution #7R3-a(s) 091912 contract with Sub-recipient , Purpose: First Amended Affordable Housing Agreement Entity Name: Cherry Park, LLC or an entity under common control of Cherry Park, LLC Entity Address: 480 North 4th Street, Newark, New Jersey 07107 Grant Amount: $800,000.00 (Eight Hundred Thousand and Zero Cents) Funding Source: Community Development Block Grant HOME Program Contract Period: September 19, 2012 through September 18, 2016 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( X ) Grant ( X ) Sub-recipient ( ) n/a List of Property: (If applicable) (Address/Block/Lot/Ward) 144-178 Sylvan Avenue, Newark, New Jersey 07104 North Ward/Block 839.01, Lot 32 Additional Information: Affordable Housing Grant Agreement approved under Resolution #7R3-a(s) 091912 Extend term of Agreement from September, 2014 through September 18, 2016