Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Amending Resolution # 7R7-h. 040109 /Financial Agreement
Purpose: Residential project to consist of sixty-six (66) affordable residential rental units
Entity Name: Lincoln Park LIHTC, LLC.
Entity Address: 725 Cuthbert Boulevard, Cherry Hill, NJ 08002
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) Non-Fair & Open ( ) RFP ( ) RFQ ( ) Private Sale
( ) Grant ( ) Sub-recipient ( ) n/a (X) Agreement
Additional Information: Block 117, Lots 1, 3, 6; Block 118, Lot 31 and Block 123, Lot 33, more commonly known as 26-28 West Kinney Street, 22-24 West Kinney Street, 18-20 West Kinney Street, 15-17 Lincoln Park, 65 Lincoln Park.
7R7-h. 040109
Dept/ Agency: Law Department
AUTHORIZING
Type of Service: Financial Agreement
Purpose: Long term tax exemption application
Entity Name: Lincoln Park Coast Cultural District, Inc.
Address: Block 117, Lots 1, 3, 6; Block 118, Lot 31 and Block 123, Lot 33, more commonly known as 26-28 West Kinney Street, 22-24 West Kinney Street, 18-20 West Kinney Street, 15-17 Lincoln Park, 65 Lincoln Park.
Contract Period: Thirty (30) Years
Contract Basis: The construction, development, maintenance and operation of a residential project.
Additional Comments: N/A