Title
Dept/ Agency: Economic & Housing Development
Action: (X) Ratifying (X) Authorizing (X) Amending
Type of Service: Fourth Amendment to Affordable Housing Agreement
authorized by Resolution #7R3-a 050708
Purpose: Amend project completion date, revise insurance and hold harmless provisions, and include a new "No Advanced Payment" provision.
Entity Name: Community Urban Renewal Enterprise, Inc. (C.U.R.E)
Entity Address: 343-359 Springfield Avenue, Newark, NJ 07103
Grant Amount: $540,000.00 ($65,930.00 already spent)
Funding Source: Housing and Urban Development (HUD), HOME Funding
Contract Period: January 1, 2007 through December 31, 2009, extended to December 31, 2011
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
List of Property:
(Address/Block/Lot/Ward)
344 Sanford Avenue/Block 4198/Lot 105/West Ward
237 1/2 South 8th Street/Block 1781/Lot 72/West Ward
149 Fabyan Place/Block 3090/Lot 21/South Ward
92 West Alpine Street/Block 2693/Lot 61/South Ward
Additional Information:
Project Name: The Next Generation Homeownership Project