Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: (i) Environmental remediation of property commonly known as 130 Fairmount Avenue, 124-28 Fairmount Avenue, and construction thereon of a portion of the scattered site development consisting of a total of 61 residential apartments affordable to households making 60% or less of Area Median Income, and (ii) construction of a no-kill animal shelter and associated shelter uses including, but not limited to, parking, on property commonly known as 4-16 South 13th Street, 610 Orange Street, 640 West Market Street, 1-5 South 13th Street, and 7-9 South 13th Street. Entity Address: 25 Oak Street, Jersey City, New Jersey 07304. Entity Name: Genesis Fairmount Partners Limited Liability Company Grant Amount: Not To Exceed $ 5,700,000.00 combined for both projects. Funding Source: Motor Vehicle Rental Tax Revenues collected pursuant to the Motor Vehicle Rental Tax Ordinance. Total Project Cost: As to the project described in (i) above, estimated at $16,500,000. As to the project described in (ii) above, estimated at $8,500,000. City Contribution: $5,700,000.00 combined for both projects.. Other Funding Source/Amount: Contract Period: Commences on effective date and terminates on the Final Completion Date, as defined in the Grant Agreement. 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) For the project described in (i) above: 130 Fairmount Avenue, and 124-28 Fairmount Avenue, Newark, NJ / Block 259, Lots 21 and 22 / West Ward, and 111 11th Avenue, 113-15 11th Avenue, 117 11th Avenue, 200 South 11th Street, 198 South 11th Street, 196 South 11th Street, and 107-109 11th Avenue, Newark, NJ / Block 1826, Lots 35, 36, 38, 39, 40, 41 and 62 / West Ward. For the project described in (ii) above: 4-16 South 13th Street, 610 Orange Street, 640 West Market Street, 1-5 South 13th Street, and 7-9 South 13th Street, Newark, NJ / Block 1897, Lot 1 and Block 1898, Lots 5,53, 6, and 9 / West Ward. Additional Information: