Resolution16-0764
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Grant Agreement
Purpose: To grant financial assistance for a project consisting of four (4) two family houses and two (2) three family houses for a total of six (6) homes to be built in the West Ward Model Neighborhood area to be known as the “West Ward New Homes Initiative Project”
Entity Name: Jarid Jamar Construction Company, Inc.
Entity Address: 9 Weber Road, West Orange, New Jersey 07052
Grant Amount: $500,000.00
Funding Source: New Jersey Redevelopment Authority, City of Newark, Private Lendor
Total Project Cost: $1,195,000.00
City Contribution: $500,000.00
Other Funding Source/Amount: N/A/$
Contract Period: July 1, 2016 through June 30, 2017
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)
425 South 18th Street (Block 322, Lot 17),
479 South 17th Street Rear (Block 326, Lot 15),
479 South 17th Street (Block 326, Lot 51),
467-469 South 15th Street (Block 328, Lot 19),
455-457 South 14th Street (Block 329, Lots 46 and 47),
456 South 14th Street (Block 330, Lot 43)
454 South 14th Street (Block 330, Lot 44) (West Ward)
Additional Information:
Introduced Apr 29, 2016· Economic and Housing Development