Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Amending Resolution 7R3-E030409 , contract with Sub-recipient Purpose: To extend the term of the Grant Agreement to permit the Sub-recipient to complete the Halsey Street Façade and other Building/Corridor Improvements Project Entity Name: Brick City Development Corporation (BCDC) Entity Address: 744 Broad Street, Suite 1110, Newark, New Jersey 07102 Grant Amount: $750,000.00 Funding Source: 2004 Newark Housing Authority Bonds Contract Period: May 7, 2009 through April 6, 2015 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: (If applicable) (Address/Block/Lot/Ward) Additional Information: Resolution 7R3-E 030409 authorized the Department of Administration to secure $1,200,000 in funds and to enter into and execute a Grant Agreement with Brick City Development Corporation for $750,000.00 for Halsey Street Façade and other Building/Corridor Improvements and $ 450,000.00 for City Engineering Department Public Space and Corridor Improvements. Resolution #7R3-E040412 authorized the First Amended Grant Agreement with Brick City Development Corporation to extend the term of the Agreement from May 7, 2009 through April 6, 2011 to May 7, 2009 through April 6, 2013 No additional City Funds required by this amendment