Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Amending Grant Agreement
Purpose: Amending NSP2 Funding Agreement with Brand New Day, Inc.
Entity Name: Brand New Day, Inc., 176 1st Street, Elizabeth, NJ 07206
Funding Source: United States Department of Housing and Urban Development (HUD)
Increasing Grant Amount: $223,240.00 + $1,300,000.00 = $1,523,240.00
New Total Project Cost: $6,528,240.00
City Contribution: No municipal funds required
Other Funding Source/Amount: N/A
Contract Period: February 11, 2010 through February 11, 2013
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: $1,300,000.00 (10% of this amount is allocated to CLFNJ)
Deferred 7R3-e 110711
Invitation: Director for Economic & Housing Development, November 22, 2011