Title
Dept/ Agency: Department of Economic & Housing Development
AUTHORIZING / AMENDING
Type of Service: First Amended Affordable Housing Agreement (Resolution 7RBS(as)041807)
1. Subsidize project costs for the new construction of nine (9) of the fifty (50) units of affordable rental housing.
2. Establish a declaration of covenants, conditions and restrictions.
3. Amend the project address to read:
Block 1903 Lot 1, 9 North Eleventh Street (West Ward),
Block 1903 Lot 2, 11 North Eleventh Street (West Ward),
Block 1903 Lot 3, 13 North Eleventh Street (West Ward),
Block 1903 Lot 21, 34-36 Gray Street (West Ward),
Block 1903 Lot 23, 553 Orange Street (West Ward),
Block 1903 Lot 24, 555 Orange Street (West Ward),
Block 1903 Lot 25, 557-559 Orange Street (West Ward),
Block 1903 Lot 27, 561 Orange Street (West Ward),
Block 1903 Lot 28, 563 Orange Street (West Ward),
Block 1903 Lot 29, 565-567 Orange Street (West Ward),
Block 1903 Lot 30, 7 North Eleventh Street (West Ward),
Block 1903 Lot 31, 5 North Eleventh Street (West Ward)
Entity Name: Roseville Commons Urban Renewal Associates, L.P.
Address: 77 Park Street, Montclair, New Jersey
Original Contract Amount: $850,000.00
Additional Amend Amount: $650,000.00
Total: $1,500,000.00
New Amended Extend Contract Period: April 17, 2009 through May 17, 2011
Contract Basis: Bid__ Prof. Ser. __ EUS__
Fair & Open__ Non-Fair & Open__ RFP__ RFQ __
Affordable Housing Agreement X
Additional Comments: N/A
Invitation: Director of Economic & Housing Development, March 31, 2009