Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( X ) Amending Type of Service: Amending Redevelopment Agreement/Lease Agreement Purpose: First Amended And Restated Redevelopment Agreement And Lease Agreement Entity Name: Alpert and Alpert Development, Ltd. Entity Address: 1 Parker Plaza Fort Lee, New Jersey 07024 Sale Amount: N/A Cost Basis: ( ) $ PSF ( ) Negotiated ( X ) N/A ( ) Other: Assessed Amount: N/A Appraised Amount: N/A Contract Period: Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a List of Property: (Address/Block/Lot/Ward) 276-300 Clinton Avenue /Block 2670/Lot 1.14 / South Ward Additional Information: This resolution authorizes the First Amended and Restated Redevelopment Agreement And Lease Agreement between the City of Newark (“City”) and Alpert and Alpert Development, Ltd. (“Redeveloper”) to revise the redevelopment project to authorize the development of 12,000 square foot health care center within the South Ward, which shall be leased by the City for health care services within the South Ward.