Dept/Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing (X ) Amending Type of Service: Loan for facade improvements Purpose: Reauthorizes loan for portion of the Teachers Village Redevelopment Project, dividing it into two (2) parts to reflect split ownership of the "Workforce B Component", and authorizing new loan agreements, notes and mortgage. Entity Name: RBH-TRB Broad Mezz Urban Renewal Entity, LLC, Teachers Village Project B QALICB Urban Renewal Entity, LLC and RBH Investor II, LLC, (all related entities) Entity Address: c/o RBH Group, 89 Market Street, 8th Floor, Newark, New Jersey 07102 Loan Amount: $1,000,000.00 combined Funding Source: HUD Grant Loan Term: Thirty (30) years _ Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Authoring Financial Agreement originally authorized by Ordinance 6SF-A(S) adopted on December 10, 2010 The Loan Resolution originally authorized by Resolution 7R3-C(S), adopted on December 14, 2010 Resolution 7RI- 060392 Resolution 7RD- 080295 Ordinance 6S&FE051795 .