File #: 09-0542    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 4/14/2009 In control: Economic and Housing Development
On agenda: 4/15/2009 Final action: 4/15/2009
Title: Dept/ Agency: Department of Economic & Housing Development RATIFYING / AUTHORIZING / AMENDING Type of Service: First Amended Affordable Housing Agreement (7R3-b 110707) Purpose: Amend the affordability period for project related costs for the new construction of Eight (8) for-sale housing units in the Condominiums @ Harmony Square Phase I Project, HOME program funds (24 CPR parts 92) Assignor Name: M & M Development, LLC Assignor Address: 103 Magazine Street, Newark, NJ 07105 Assignee Name: Os Lares, LLC Assignee Address: 103 Magazine Street, Newark, NJ 07105 Grant Amount: $550,000.00 (Funded by HOME Program) Affordability Restrictions Period: Fifteen (15) years Contract Period: Updated through March 19, 2009 Contract Basis: Bid__ Prof. Ser. __ EUS__ Agreement X Fair & Open__ Non-Fair & Open__ RFP__ RFQ __ Additional Comments: N/A List of properties Address/Block/Lot/Ward 107 Broad Street/Block 564/Lot 24.01/Central Ward 105 Broad Street/Block 564/Lot 24.02/...

Title

Dept/ Agency:  Department of Economic & Housing Development

RATIFYING / AUTHORIZING / AMENDING

Type of Service:  First Amended Affordable Housing Agreement (7R3-b 110707)

Purpose: Amend the affordability period for project related costs for the new construction of Eight (8) for-sale housing units in the Condominiums @ Harmony Square Phase I Project, HOME program funds (24 CPR parts 92)

Assignor Name:  M & M Development, LLC

Assignor Address:  103 Magazine Street, Newark, NJ 07105

Assignee Name:  Os Lares, LLC

Assignee Address:  103 Magazine Street, Newark, NJ 07105

Grant Amount: $550,000.00 (Funded by HOME Program)

Affordability Restrictions Period:  Fifteen (15) years

Contract Period:  Updated through March 19, 2009

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

Fair & Open__   Non-Fair & Open__   RFP__   RFQ __      

Additional Comments:  N/A

List of properties

Address/Block/Lot/Ward

107 Broad Street/Block 564/Lot 24.01/Central Ward

105 Broad Street/Block 564/Lot 24.02/Central Ward

81 Broad Street/Block 564/Lot 13/Central Ward

83 Broad Street/Block 564/Lot 14/Central Ward

54 Oriental Street/Block 565/Lot 46/North Ward

56 Oriental Street/Block 565/Lot 45/North Ward