Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Private Sale/Redevelopment Contract
Purpose: Amendment, amend project description, Table of Contents, Defined Terms and include a necessary additional provision mistakenly omitted from the Agreement and the First Amended Agreement
Entity Name: M&M Development, LLC
Entity Address: 103 Magazine Street, Newark, NJ 07105
Original Amount: $100,530.16
Amended Amount: $90,140.00
Assessed Amount: $865,800.00
Appraised Amount: Information not provided
Construction Period: 18 months from transfer of ownership
Contract Basis: ( ) Bid ( ) Prof Ser. ( ) EUS ( ) Fair & Open ( ) Non-Fair & Open
( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-Recipient ( ) N/A
List of Properties:
37-39 Third Ave East/565/50/North
81-83 Broad Street/564/13/Central
54-56 Oriental Street/565/45/North
98-102 Broad Street/565/28/North
Additional Information:
Original Redevelopment Agreement: Resolution 7R3-a110707
First Amended Agreement: Resolution #7R3-f(as) 041509