Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Amending Resolution 7R3-E030409 , contract with Sub-recipient
Purpose: To extend the term of the Grant Agreement to permit the Sub-recipient to complete the Halsey Street Fa?ade and other Building/Corridor Improvements Project
Entity Name: Brick City Development Corporation (BCDC)
Entity Address: 744 Broad Street, Suite 1110, Newark, New Jersey 07102
Grant Amount: $750,000.00
Funding Source: 2004 Newark Housing Authority Bonds
Contract Period: May 7, 2009 through April 6, 2015
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X ) Grant (X ) Sub-recipient ( ) n/a
List of Property: (If applicable)
(Address/Block/Lot/Ward)
Additional Information:
Resolution 7R3-E 030409 authorized the Department of Administration to secure $1,200,000 in funds and to enter into and execute a Grant Agreement with Brick City Development Corporation for $750,000.00 for Halsey Street Fa?ade and other Building/Corridor Improvements and $ 450,000.00 for City Engineering Department Public Space and Corridor Improvements.
Resolution #7R3-E040412 authorized the First Amended Grant Agreement with Brick City Development Corporation to extend the term of the Agreement from May 7, 2009 through April 6, 2011 to May 7, 2009 through April 6, 2013
No additional City Funds required by this amendment
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WHEREAS, pursuant to Resolution 7R3-E, adopted on March 4, 2009, the Municipal Council authorized the Business Administrator and the Deputy Mayor/Director of the Department of Economic & Housing Development to secure $1,200,000.00 to be allocated to the City's Department of Engineering and the Brick City Development Corporation; and
WHEREAS, Resolut...
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