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24-0886

Dept./Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To provide for a Grant Agreement with Thomas Street Urban Renewal, LLC. Entity Name: Thomas Street Urban Renewal, LLC Entity Address: 300 Wilson Avenue, Newark, New Jersey 07105 Additional Grant Amount: Not to exceed $300,000.00 Funding Source: Community and Economic Development Dedicated Trust Fund Total Project Cost: $12,927,471.30 City Contribution: $300,000.00 Other Funding Source/Amount: HOME Program Funds/Private Lenders Grant Period: Construction has commenced and shall be completed within twenty-four (24) months following construction commencement Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a List of Property (Address/Block/Lot/Ward) 184-194 Thomas Street/Block 1164, Lot 11/East Ward Additional Information:

Resolution Adopted Introduced June 14, 2024

What this record is

Held by
Thomas Street Urban Renewal, LLC 2 records across this site
Amount
$300K
Runs until
no end date published in this record
Type
rfp
Field
Construction

Read automatically from the title of the official record. The source document below is authoritative.

Thomas Street Urban Renewal, LLC also holds

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement for HO… $2.20M Newark, NJ
Committee
Economic and Housing Development
Introduced
June 14, 2024
On agenda
July 10, 2024
Passed
July 10, 2024

Where it was heard

Municipal Council Jul 10, 2024 Adopt Pass