Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To grant financial assistance for a project for the new construction of a four story residential building with 24 units on the property located at 90-96 Clinton Avenue, 23-27 Brunswick Street, Newark, New Jersey, and identified on the official tax map of the City as Block 2826, Lots 3, 35, 36, 37 and 38. Entity Name: Lofts @ Lincoln Park Urban Renewal, LLC Entity Address: 11Florence Place, West Orange, New Jersey 07052 Grant Amount: $600,000.00 Funding Source: Municipal Motor Vehicle Rental Tax Law Total Project Cost: $5,190,000.00 City Contribution: N/A Other Funding Source/Amount: N/A Contract Period: N/A 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) 90-96 Clinton Avenue, 23-27 Brunswick Street, Newark New Jersey, and identified on the official tax map of the City as Block 2826 Lots 3, 35, 36, 37 and 38/East Ward Additional Information: