Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Leasing City-owned property Purpose: Renovation of the Frank R. Lautenberg Courthouse & Post Office Entity Name: KMS Development Partners, LP Entity Address: 1600 Arch Street, Suite 203, Philadelphia, Pennsylvania 19103 Lease Amount: $ Lease Period: 99 Year Lease Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( x ) n/a Location of Property: Frank R. Lautenberg Courthouse and Post Office) (Address/Block/Lot/Ward) 2 Federal Square, (AKA 13-57 Walnut Street), Newark, New Jersey 07102 /Block 875 Lot 54/ East Ward Additional Information: Resolution authorizes entry of a Collaboration Agreement which contemplates the Redevelopment of the Frank R. Lautenberg Courthouse and Post Office through a subsequent sale-lease back agreement