Dept./Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To provide 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: