Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing (X) Amending
Type of Service: Grant Agreement
Purpose: Amending and Restating Grant Agreement with United Muslim, Inc., authorized by Resolution 7R2-b adopted on September 5, 2019, to increase the original authorized grant amount from $350,000.00 to $658,000.00.
Entity Name: United Muslim, Inc.
Entity Address: South Orange, New Jersey 07079
Grant Amount: $308,000.00 from the Community and Economic Development Dedicated Trust Fund
Total Project Cost: $1,569,519.50
City Contribution: $658,000.00
Other Funding Source/Amount: $350,000.00 from the City's Community and Economic Development Dedicated Trust Fund
Grant Period: Construction shall commence within three (3) months from execution and shall be completed within twenty-four (24) months following construction commencement
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)
807-837 Hunterdon Street/Block 3589/Lot 40/South Ward
Additional Information:
Resolution 7R2-b adopted on September 5, 2019, approved City grant funding in the amount of $350,000.00.
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WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq., as amended and supplemented (the "Act"), authorizes municipalities to participate in the redevelopment and improvement of areas that are in need of redevelopment or rehabilitation; and
WHEREAS, the Municipal Council encourages and supports the development of safe places for Newark residents to host events, educational classes and contribute to the economic revitalization of the City; and
WHEREAS, in order to stimulate the reinvigoration of the City, by Resolution 7Rdo(AS) adopte...
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