Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Grant Agreement
Purpose: Restore, stabilize and preserve the historical landmark South Park Calvary Presbyterian Church located at 1033 Broad Street and build-out an outdoor performing arts space named "The Fa?ade."
Entity Name: Lincoln Park Coast Cultural District, Inc.
Entity Address: 450 Washington Street, Newark, New Jersey 07102-1110
Grant Amount: $250,000.00
Funding Source: Community and Economic Development Dedicated Trust Fund
Total Project Cost: $2,380,058.00
City Contribution: $250,000.00
Other Funding Source/Amount: Foundations/Corporations/Donations/$2,130,058.00
Contract Period: Shall commence on the date of execution and delivery of the Grant Agreement by the Entity and the City and expire upon the City's issuance of a Certificate of Completion for the Project as provided in the Grant Agreement
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)
1033 Broad Street/Block 118/Lot 20/Central Ward
Additional Information:
body
WHEREAS, Lincoln Park/Coast Cultural District, Inc., a New Jersey nonprofit corporation 450 Washington Street, Newark, New Jersey 07102-1110 (the "Entity"), desires to: (i) renovate the real property located at 1033 Broad Street, Newark, New Jersey and identified on the official tax map of the City as Block 118/Lot 20, Central Ward (the "Property"), (ii) restore, stabilize and preserve the historical landmark South Park Calvary Presbyterian Church located on the Property and (iii) build-out an outdoor performing arts space named "The Fa?ade" to be built on the Property as part of the Lincoln Park Redevelopment Plan...
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