Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Leasing City-owned property Purpose: Rehabilitate, maintain and operate Military Park Entity Name: Military Park Partnership, Inc. Entity Address: c/o The Newark Alliance, 744 Broad Street, Suite 1705, Newark, New Jersey 07102 Lease Amount: $5.00 per year Lease Period: 24 Year term Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Location of Property: Military Park, Newark, New Jersey (Address/Block/Lot/Ward) Block 124, Lot 1 - Central Ward Additional Information: Resolution 7RDO(AS) 061505, designated entire City “Area In Need Of Rehabilitation”. Ordinance 6Phs&FA 051706 , approved $2,000,000. appropriation for capital improvements to Military Park. Ordinance 6Phs&FG 090308, adopted the “Living Downtown Plan”.