Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Contract with Sub-recipient Purpose: Rehabilitation of 7 Affordable Housing units Entity Name: Ballantine Manor Urban Renewal Associates, L.P. Entity Address: 77 Park St, Montclair, New Jersey 07042 Grant Amount: $580,000.00 Funding Source: Neighborhood Stabilization Program 3 Contract Period: Twenty-four (24) months commencing upon the complete execution of this agreement by all of the parties. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( x ) Grant ( X ) Sub-recipient ( ) n/a List of Property: () (Address/Block/Lot/Ward) 527-533 Mt Prospect Ave/Block 682/Lot 25/North Ward Additional Information: Funds accepted by Resolution 7R3N(AS) 021611