24-0793
Dept./Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Resolution of Support Purpose: To provide support for the submission of an application for tax credits sought by Developer under the NJ Aspire Tax Credit Program to the New Jersey Economic Development Authority. Entity Name: 10 Park Place Newark, LLC Entity Address: 50 Park Place, Newark, New Jersey 07102 Grant Amount: $0.00 Total Project Cost: $139,315,000.00 City Contribution: $0.00 Other Funding Source/Amount: Traditional debt financing and equity funding Grant Period: 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 8-12 Park Place/Block 17/Lot 7/Central Ward 6 Park Place/Block 17/Lot 9/Central Ward 2-4 Park Place/Block 17/Lot 10/Central Ward Additional Information:
- Committee
- Economic and Housing Development
- Introduced
- May 21, 2024
- On agenda
- June 5, 2024
- Passed
- June 5, 2024