Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Authorizing the execution and delivery of funding agreements, guaranty agreements, mortgage agreements, and other documents to be executed by the City of Newark and Morris Lister Avenue Associates Urban Renewal, LLC., and further authorizing the execution and delivery of an escrow agreement Purpose: Redeveloper will use equity and other borrowed funds to build a 350,000 square foot warehouse and distribution center Entity Name: Morris Lister Avenue Associates Urban Renewal, LLC. Entity Address: 350 Veterans Boulevard, Rutherford, NJ 07070 Additional Information: N/A