7R2-c (s)
Action: ( ) Ratifying ( x ) Authorizing ( x ) Amending
Type of Service: Redevelopment Agreement
Purpose: Authorize Execution of First Amendment of the Agreement
for the Sale and Redevelopment of Land between the City of Newark
and 760 Clinton Ave Shoho, LLC
Entity Name: 760 Clinton Ave Shoho, LLC
Entity Address: 1037 Route 46 East, Suite 101, Clifton, New Jersey
07013
Contract Amount: N/A
Funding Source:
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a
List of Property:
(Address/Block/Lot/Ward)
760-766 Clinton Avenue/Block 3042/Lot 1/Additional Lot 5/South Ward
Additional Information:
7R2-d (s)
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Need for Housing Project
Purpose: To determine whether the proposed Project will meet(s) an
existing housing need within the City of Newark, pursuant to the
provisions of the New Jersey Housing and Mortgage Finance Agency
Law of 1983, as amended (N.J.S.A. 55:14K-1 et seq.), the rules
promulgated thereunder at N.J.A.C. 5:80-1 et seq., and all applicable
guidelines.
Entity Name: Sheila Y Oliver Senior Housing Community, LLC
Entity Address: 28 Valley Road, Suite 1, Montclair, New Jersey 07042
Funding Source: New Jersey Housing Mortgage Finance Agency
Program (Low Income Housing Tax Credit)
Total Project Cost: $17,785,352.00
City Contribution: 0
Other Funding Source/Amount: $0.00
List of Properties:
(Address/Block/Lot/Ward)
117 Aldine Street/Block 3051/Lot 21/South Ward
119-121 Aldine Street/Block 3051/Lot 22/Additional Lot 23/South Ward
295 Lyons Avenue/Block 3051/Lot 24/South Ward
297-299 Lyons Avenue/Block 3051/Lot 25/Additional Lot 26/South Ward
301 Lyons Avenue/Block 3051/Lot 27/South Ward
303 Lyons Avenue/Block 3051/Lot 28/South Ward
Additional Information:
