Dept./Agency: Economic and Housing Development Action: ( X ) Ratifying ( ) Authorizing ( X ) Amending Type of Service: Grant Agreement Purpose: First Amendment for a Grant and Grant Agreement with Kawaida Towers JV Partners, LLC in the amount of $8,000,000.00 Entity Name: Kawaida Towers JV Partners, LLC Entity Address: 8 Lombardy Street, Suite 320, Newark, New Jersey 07102 Grant Amount: $8,000,000.00 Funding Source: Community Project Funding Grant Total Project Cost: $23,046,833.00 Other Funding Source/Amount: Grant Period: 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) 17-21 Halsey Street/Block 20/Lot 1/Central Ward Additional Information: Resolution 7R2-d adopted by Municipal Council on April 15, 2026, authorized a Grant Agreement between Kawaida Towers JV Partners, LLC and the City of Newark. The First Amendment to the Grant Agreement reflects the revised terms and conditions applicable to the City’s award of Community Project Funding

What this record is

Held by

Kawaida Towers JV Partners, LLC 3 records across this site

Amount

$8.00M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

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Kawaida Towers JV Partners, LLC also holds

Dept./Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To provide… $8.00M Newark, NJ Dept/ Agency: Economic and Housing Development Department Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Redevelopment Agreement … $500K Newark, NJ

Committee

Economic and Housing Development

Introduced

September 8, 2026

On agenda

September 15, 2026

Passed

September 15, 2026

Where it was heard

Municipal Council Sep 15, 2026 Adopt Pass

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