File #: 10-1110    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 8/3/2010 In control: Economic and Housing Development
On agenda: 8/4/2010 Final action: 8/4/2010
Title: Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement Purpose: Enter into an assignment and assumption agreement with Os Lares Urban Renewal Housing Company, L.L.P, which is controlled by M & M Development, LLC. for HOME program funds. Entity Name: Os Lares Urban Renewal Housing Company L.L.P Entity Address: 103 Magazine Street, Newark, NJ 07105 Grant Amount: $550,000.00 Funding Source: HUD, Home Funding Contract Period: Affordability Period Fifteen (15) years Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a Additional Information: Resolution # 7R3-p (as) 091609

Title

 

Dept/ Agency:  Economic & Housing Development

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

Type of Service:  Affordable Housing Agreement

Purpose: Enter into an assignment and assumption agreement with Os Lares Urban Renewal Housing Company, L.L.P, which is controlled by M & M Development, LLC. for HOME program funds.

Entity Name:  Os Lares Urban Renewal Housing Company L.L.P

Entity Address:  103 Magazine Street, Newark, NJ 07105

Grant Amount:  $550,000.00

Funding Source:  HUD, Home Funding

Contract Period:  Affordability Period Fifteen (15) years

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

(   ) Fair & Open   (   ) No Reportable Contributions   (   ) RFP   (   ) RFQ

(   ) Private Sale   (X) Grant   (   ) Sub-recipient   (   ) n/a   

Additional Information:  Resolution # 7R3-p (as) 091609