7R2-h
Dept/ Agency: One Stop Career Center-Newark Works
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Acceptance of Grant Funds
Purpose: Summer Youth Work Experience Program (SYWEP)
Entity Name: New Jersey Department of Labor and Workforce
Development
Entity Address: P.O. Box 110, Trenton, New Jersey 08625-0110
Grant Amount: $2,459,450.00
Total Project Cost: $0.00
City Contribution: $0.00
Other Funding Source/Amount: $0.00
Grant Period: April 1, 2025 through October 31, 2025
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:
Funds must be fully expended by October 31, 2025, or returned to the
State.
A motion was made by the Council of the Whole to Adopt. The motion was
adopted by the following votes:
7 -
Yes:
Patrick O. Council, Carlos M. Gonzalez, Dupré L. Kelly, Luis A. Quintana,
Louise Scott-Rountree, C. Lawrence Crump, and Anibal Ramos Jr.
1 - Michael J. Silva
Absent:
7R2-i
Dept./ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Executive Community Benefits Agreement
Purpose: To authorize the execution of
a
Community Benefits
Agreement between the City of Newark, Fulton Street Newark, LLC, and
the New Jersey Economic Development Authority as a condition of
receiving tax credits incentives under the Aspire Program Act, N.J.S.A.
34:1B-322 et seq. towards the construction of a new multi-family housing
project, consisting of three hundred and ninety-six (396) residential units,
of which three hundred sixteen (316) are market rate residential rental
units (the “Market Rate Units”), of which eighty (80) are affordable rental
units, of which five (5) transitional housing units shall be restricted to
tenants at 30% of the Area Median Income (“AMI”), which include two (2)
two-bedroom apartments and three (3) one-bedroom apartments,
forty-seven (47) units shall be restricted to tenants at 50% of the AMI,
which include nineteen (19) studio apartments, twenty-two (22)
one-bedroom apartments, and six (6) two-bedroom apartments, and
twenty-eight (28) units shall be restricted to tenants at 80% of the AMI,
which include fourteen (14) studio apartments, thirteen (13) one-bedroom
apartments, and one (1) two-bedroom apartment (the “Income Restricted
Units”), 4,726 square feet of ground floor commercial space (the “Retail”),
and a 107-car parking garage, (collectively, the “Project”), located in the