Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Subordination Agreement Purpose: Subordinate City’s reverter rights to the lien of a mortgage for property conveyed by the City to a non-profit, which is subject to certain conditions. Entity Name: Newark Community Health Centers, Inc. Entity Address: 741 Broadway, Newark, New Jersey 07104 Lender’s Name: Reinvestment Fund, Inc. Lender’s Address: 1700 Market Street, 19th Floor, Philadelphia, Pennsylvania 19103 Contract Period: N/A Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a List of Property: (If applicable) (Address/Block/Lot/Ward) 737-749 Broadway and 57 Grafton Avenue, Block 772, Lots 1,6 & 56/North Ward Additional Information: Sale of property was made pursuant to Ordinance 6PSF-F, adopted on June 2, 2010, to be used as a non-profit Federally Qualified Healthcare Center.