Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Redevelopment Grant Agreement
Purpose: Physical Rehabilitation of ,92-102 South 6th Street, Newark, New Jersey 07107
Entity Name: City Hope Ministries, Inc. c/o Mighty Oaks Learning Center
Entity Address: 92-102 South 6th Street, Newark, New Jersey 07107
Grant Amount: $30,000.00
Funding Source: Strategic Housing & Redevelopment Project Enhancement Program
Total Project Cost: $30,98011
City Contribution: $ 30,000.00
Other Funding Source/Amount: Redeveloper Organization
/$ 980.11
Contract Period: 24 months upon Notice to Proceed
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:
(Address/Block/Lot/Ward)
92-102 South 6th Street, Newark, New Jersey 07107, Block 1807, Lot 29/ West Ward
Additional Information:
Sponsor - Ronald C. Rice, West Ward Council Member
body
WHEREAS, under Ordinance 6S&FH 050504, the Newark Housing Authority ("Authority") raised $200,420.00 through the issuance of bonds ("Bonds Proceeds") backed by the capitalization of the revenue stream of Marine Terminal Additional Rent ("Additional Rent") under the 19th Supplemental Lease Agreement between the City and the Port Authority for the lease of the City's marine and air terminals and together with the other available accrued annual payments from the Additional Rent ("Accrued Annual Payments"), and
WHEREAS, the Municipal Council under Ordinance 6S&FH 050504 authorized the use of such Bond Proceeds and Accrued Annual Payments to fund the development and construction activities in the Downtown Core District Redevelopment Area (under the Newark Downtown Core District Redevelopment Plan and Amendment to the Newark Plaza Urban Renewal Plan as adopted by the Municipal Council) and other neighborhood redevelopment areas throughout the City; and
WHEREAS, the Municipal Council, pursuant to Ordinance 6S&FH 050504, authorized the appropriation to the City of $10,000,000.00 from the Bond Proceeds to fund the Strategic Housing and Redevelopment Project Enhancement Program ("Neighborhood Program") to ensure that the monies made available from the Bond Proceeds benefit worthy projects within the neighborhoods throughout the City, and where such funds shall together with $10 million in other available monies committed to the City from the New Jersey Redevelopment Agency, be utilized to promote economic development throughout the neighborhoods of Newark; and
WHEREAS, the Municipal Council, pursuant to Ordinance 6S&FH 050504, authorized the entry and execution of a Service Agreement by and between the City and the Authority for the Authority to, among other things, (i) undertake the issuance of bonds backed by the capitalization of Additional Rent, (ii) appropriate a portion of the Bond Proceeds or Accrued Annual Payments to a dedicated account (designated as the Newark Revitalization Account as defined in the Authority's bond resolution) to fund the development and construction of the Public Facilities as may be determined from time to time by the Municipal Council, and (iii) appropriate $10,000,000.00 from the Bond Proceeds to the City for the Neighborhood Program; and
WHEREAS, pursuant to Resolution 7RF 120804, the Municipal Council authorized the Department of Administration to manage, administer and otherwise disburse the $10,000,000.00 for the Strategic Housing and Redevelopment Project Enhancement Program; and
WHEREAS, the $10,000,000.00 Bond Proceeds for the Neighborhood Program were evenly allocated among the five (5) wards of the City such that the maximum allotment for each ward allocation would not exceed $2 million; and
WHEREAS, the Department of Economic & Housing Development on behalf of the Department of Administration seeks authorization to utilize funds from the West Ward allocation, to enter into a grant agreement with City Hope Ministries, Inc. c/o Mighty Oaks Learning Center, in the total amount of $30,000.00, for the purpose of rehabbing the Mighty Oaks LearningCenter, located at 92-102 South 6th Street, Newark, New Jersey 07107, for the contract period commencing on the date City Hope Ministries, Inc., receives its notice to proceed until no later than twenty four months (24) months thereafter; and
WHEREAS, the Department of Administration with the advice of the Department of Economic & Housing Development has determined that the above-referenced grant and the Project comply with the legislative intent and objectives of the Neighborhood Revitalization Program, authorized by Ordinance 6S&FH 050504 and supplemented by Resolution 7RF 120804 and Resolution 7RCS(AS) 051706, that the purpose of the Project be capital in nature and in furtherance of the redevelopment of the City; and
WHEREAS, attached hereto is the Sponsorship Letter from the Honorable Councilman Ronald C. Rice, Council Member, representing the West Ward, approving funds for the project.
NOW THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY THAT:
1. The Business Administrator and the Deputy Mayor/Director of the Department of Economic & Housing Development are hereby authorized to enter into and execute on behalf of the City of Newark a Grant Agreement in the amount of $30,000.00 from the Strategic Housing and Redevelopment Project Enhancement Program; ("Neighborhood Program") by and between the City of Newark and City Hope Ministries, Inc., for the purpose of rehabbing the Mighty Oaks Learning Center located at 92-102 South 6th Street, Newark, New Jersey 07107.
2. The contract period shall commence on the date City Hope Ministries, Inc., receives its Notice to Proceed until no later than twenty four (24) months thereafter.
3. Attached hereto is a certification of funds from the Municipal Comptroller of the City of Newark, which states (1) that there are sufficient funds for the purpose set forth hereinabove and (2) that the line appropriation of the official budget which shall be charged is the following:
Business Unit Dept. Division Acct. Budget Ref.
NW051 G05 A15R0 96210 B2005
4. Funds in the amount of $30,000.00 will be released in the form of a drawdown to City Hope Ministries, Inc. and partial reimbursement for work completed at, 92-102 South 6th Street, Newark, New Jersey 07107.
5. The total amount of said grant agreement shall not exceed $30,000.00 and shall be paid from the Neighborhood Program West Ward $2,000,000.00 allotment.
6. This Resolution and executed copy of said Contract shall be filed with the Office of the City Clerk by the Deputy Mayor/Director of the Department of Economic & Housing Development.
STATEMENT
Resolution authorizing the Department of Economic & Housing Development on behalf of the Department of Administration to secure funds from the Neighborhood Program West Ward $2,000,000.00 allotment in the amount of $30,000.00 to enter into a Grant Agreement with City Hope Ministries, Inc. c/o Mighty Oaks Learning Center, where the funds will be used for rehabilitation to its facility located at 92-102 South 6th Street, Newark, New Jersey 07107.