File #: 09-0397    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 3/23/2009 In control: Economic and Housing Development
On agenda: 4/1/2009 Final action: 4/1/2009
Title: Dept/ Agency: Department of Economic & Housing Development RATIFYING / AUTHORIZING / AMENDING Type of Service: First Amendment to Affordable Housing Agreement with Lincoln Park Coast Cultural District, Inc. Purpose: Project known as Lincoln Park LIHTC, to amend the project description to reflect the construction of approximately seventy (70) units of rental housing of which eight (8) units are designated as HOME assisted units to be rented to Low and Very Low income households Entity Name: Lincoln Park Redevelopment, LLC Address: 9-11 Crawford Street, Suite 3, Newark, NJ 07102 Contract Amount: $540,000.00 Balance Amount: $505,988.24 Contract Period: December 1, 2008 through November 30, 2010 Contract Basis: Bid__ Prof. Ser. __ EUS__ Housing Agreement X Fair & Open__ Non-Fair & Open__ RFP__ RFQ __ Locate Site: Address/Block/Lot/Ward 65 Lincoln Park/123/33/Central Ward Additional Comments: N/A

Title

Dept/ Agency:  Department of Economic & Housing Development

RATIFYING / AUTHORIZING / AMENDING 

Type of Service:  First Amendment to Affordable Housing Agreement with Lincoln Park Coast Cultural District, Inc.

Purpose:  Project known as Lincoln Park LIHTC, to amend the project description to reflect the construction of approximately seventy (70) units of rental housing of which eight (8) units are designated as HOME assisted units to be rented to Low and Very Low income households

Entity Name:  Lincoln Park Redevelopment, LLC

Address:  9-11 Crawford Street, Suite 3, Newark, NJ 07102

Contract Amount: $540,000.00

Balance Amount: $505,988.24

Contract Period:  December 1, 2008 through November 30, 2010

Contract Basis: Bid__  Prof.  Ser. __  EUS__  Housing Agreement X 

Fair & Open__   Non-Fair & Open__   RFP__   RFQ __

Locate Site: 

Address/Block/Lot/Ward

65 Lincoln Park/123/33/Central Ward     

Additional Comments:  N/A