Dept/ Agency: Economic & Housing Development Action: ( X ) Ratifying (X) Authorizing (X) Amending Type of Service: Amendment to Affordable Housing Agreement authorized by Resolution7R3-G 070115 Purpose: First Amended HOME Affordable Housing Agreement Entity Name: Downtown Partners Urban Renewal Associates, L.P Entity Address: 77 Park Street Montclair, New Jersey 07042 Grant Amount: $1,334,366.00 Funding Source: HUD,HOME Funding Contract Period: Funds provided under the Agreement shall be for a period of two (2) years and not to exceed four years, from the date of adoption by the Newark Municipal Council 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) 999-1005 Broad Street/Block 111/Lot 70.02/Central Ward Additional Information: Resolution 7R3-A 022013, Approved HOME Agreement for HOME funds in the amount of $1,057,652 (Rescinded by Resolution 7R3G 070115) Resolution 7R3-A (S) 053013, Approved Thirty (30) Year Tax Abatement Ordinance 6PHS&F F 062806 Resolution 7R3-G 07012015, Approved HOME funds and Affordable Housing Trust Funds (Loan) in a total amount of $1,334,366.00