Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: First amendment to Affordable Housing Agreement authorized by Resolution #: 7R3-n (as) 031809 Purpose: Clarifying the relationship between the entities by amending entity name, correcting address, various items in the agreement including insurance, hold harmless provisions, increase HOME funds and extend contract completion date Entity Name: Fairmount Heights Development Company, LLC Entity Address: 550 Broad Street, Suite 810, Newark, NJ 07102 Additional Grant Amount: $223,900.00 Total Grant Amount: $703,900.00 Funding Source: United States Department of Housing and Urban Development (HUD)/Home Funding Program Contract Period: Extended through October 19, 2011 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a List of Property: (if applicable) (Address/Block/Lot/Ward) 115 1/2 South 9th Street/1827/66/West 129 South 10th Street/1826/11/West 193 South 10th Street/1814/9/West 326 1/2 South 11th Street/1796/38/West 250 South 10th Street/1797/59/West Additional Information: N/A Invitation: Economic & Housing Development Director, September 7, 2011