Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying ( x ) Authorizing ( ) Amending Type of Service: Funding and Escrow Agreement Purpose: Funding and Escrow Agreement Between the City of Newark and Prudential Insurance Company of America, Devils Arena Entertainment LLC, Edison Properties, LLC and its affiliates, and J&L Companies and its affiliates Entity Name: Devils Arena Entertainment LLC, Edison Properties, LLC and its affiliates, and J&L Companies and its affiliates Entity Address: 25 Lafayette Street, Newark, New Jersey 07102 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) Market Street on the North, Green Street on the South, McCarter Highway on the East, Broad Street on the West, Including the Prudential Center (“Mulberry Commons Area”)

Resolution Adopted Introduced January 13, 2025

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