24-1450
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 Aspire Tax Credit Program to the New Jersey Economic Development Authority Entity Name: Iberia II Realty Urban Renewal, LLC Entity Address: 450-466 Market Street, Newark, New Jersey 07105 Grant Amount: Not Applicable Total Project Cost: $802,718,190.00 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) 450-466 Market Street/Block 175/Lot 1/East Ward 31-39 Jefferson Street/Block 175/Lot 80/East Ward Additional Information:
- Committee
- Economic and Housing Development
- Introduced
- October 25, 2024
- On agenda
- November 26, 2024
- Passed
- November 26, 2024