26-0121

Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: First Amendment to the Agreement for the Sale and Redevelopment of Land Purpose: Agreement to Subordinate the City of Newark Reverter Rights by entering into a First Amendment to Agreement for the Sale and Redevelopment of Land and a Subordination Agreement in order to permit the Redeveloper to obtain financing necessary for the redevelopment of the Property. Entity Name: Covenant House New Jersey, Inc. Entity Address: 330 Washington Street, Newark, New Jersey 07102 Sale Amount: N/A Cost Basis: ( ) $ PSF ( ) Negotiated (X) N/A ( ) Other: Assessed Amount: N/A Appraised Amount: N/A Contract Period: Not Applicable 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) 283-285 Halsey Street/Block 96 / Lot 8/Central Ward 287 Halsey Street/Block 96 /Lot 10/Central Ward 352 Washington Street/Block 96/Lot 30/Central Ward 350 Washington Street/Block 96/Lot 31/Central Ward 348 Washington Street/Block 96/Lot 32/Central Ward 342-346 Washington Street/ Block 96/Lot 33/Central Ward Additional Information: Resolution 7R2-e adopted on November 6, 2025, designating Covenant House New Jersey, Inc. as the redeveloper and authorizing an Agreement for the Sale and Redevelopment of Land.

Resolution Adopted Introduced January 28, 2026

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