Title
Dept/ Agency: Administration/Office of Business Administrator
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Pass through agreement
Purpose: Facilitation and administration of the revolving loan program to assist the funding of development projects in the Urban Enterprise Zone
Entity Name: Brick City Development Corporation
Entity Address: 744 Broad Street, Suite 1110, Newark, NJ 07102
Agreement Amount: $9,000,000.00
Funding Source: New Jersey Urban Enterprise Zone Authority
Total Project Cost: $9,000,000.00
City Contribution: N/A
Other Funding Source/Amount: N/A
Contract Period: November 5, 2008 through October 30, 2010
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) Non-Fair & Open ( ) RFP ( ) RFQ ( ) Private Sale
(X) Grant ( ) Sub-recipient ( ) n/a
Additional Information: Funds accepted from Resolution #: 7R3-d 020409
Invitation: Business Administrator, November 16, 2009