File #: 09-1170    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 8/5/2009 In control: Economic and Housing Development
On agenda: 8/5/2009 Final action: 8/5/2009
Title: Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement to provide HOME Funds Purpose: Project known as Apartments @ Harmony Square Phase III Entity Name: LUA Homes, LLP Entity Address: 103 Magazine Street, Newark, NJ 07105 Grant Amount: $350,000.00 Funding Source: City of Newark Budget / Economic & Housing Development Contract Period: 30 year deferred loan Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) Non-Fair & Open ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: 98-102 Broad Street/ Block 565/ Lots 28, 30 and 55/ North Ward Additional Information: N/A

Title

Dept/ Agency:  Economic & Housing Development

Action:  (   ) Ratifying     (X) Authorizing     (  ) Amending

Type of Service:  Affordable Housing Agreement to provide HOME Funds

Purpose: Project  known as Apartments @ Harmony Square Phase III

Entity Name:  LUA Homes, LLP

Entity Address:  103 Magazine Street, Newark, NJ 07105

Grant Amount: $350,000.00

Funding Source: City of Newark Budget / Economic & Housing Development

Contract Period:  30 year deferred loan

Contract Basis: (   ) Bid   (   ) State Vendor  (   ) Prof.  Ser.  (   ) EUS  

(   ) Fair & Open (   ) Non-Fair & Open  (   ) RFP  (   ) RFQ  (   ) Private Sale

(   ) Grant  (   ) Sub-recipient   (   ) n/a   

List of Property:

98-102 Broad Street/ Block 565/ Lots 28, 30 and 55/ North Ward

Additional Information: N/A