Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: To grant a long term tax abatement, to Bergen Street Redevelopment, LLC, under the HMFA law for the construction of two (2) mixed-use buildings containing a total of sixty-six (66) affordable housing units, parking and commercial space Entity Name: Bergen Street Redevelopment, LLC Entity Address: 953 Bergen Street, Newark, New Jersey 07112 Abatement Period: 30 years Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 1057-1059 Bergen Street/Block 3660/Lot 11/South Ward 1037-1047 Bergen Street/Block 3661/Lot(s) 3(5 & 8)/South Ward Additional Information: Deferred 7R3-h (as) 080515