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~ CITY OF JERSEY CITY ..' IN T E R D E P ART MEN T A LM E M 0 RAND U M ,/ DATE: Ju'e 22, 2010 TO: Edward Toloza, Tax Assessor REAL ESTATE FROM: An Mare Miler, Real Estate Manager ~ SUBJECT: BLOCK 1627 LOTS IP,2A,3B,4B,5A&6A Block 1639.1 Lots 1C,2A,3,4C,7 THIS.IS TO ADVISE YOU THAT THE CITY OF JERSEY CITY HAS ACQlJD TITLE TO THE ABOVE PROPERTIES ON: JUNE 18,2010. KIDLY ADJUST YOUR RECORDS ACCORDINGLY. AMgb cc: ~aureen Cosgrove, Tax Collector Danel Becht, M.U.A. John Folk, M.U.A. An Mare Rutiglian, United Water Peter Soriero, Risk Management
Resolution of the City of Jersey City, N.J. City Clerk File No. Agenda No. Approved: TITLE: Res. 10-478 10.Z.10 JUL i 4 2010 RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF JERSEY CITY AUTHORIZING AN AFFORDABLE HOUSING TRUST FUND (AHTF) AGREEMENT WITH JERSEY CITY REDEVELOPMENT AGENCY (JCRA) 'FOR THE ACQUISITION OF 451-457 OCEAN AVENUE WHEREAS, on September 28, 2005 the City of Jersey City adopted Ordinance 05- 130 amending and supplementing Chapter 304, Article Vi (Long Term Tax Exemptions) of the Jersey City Code that established an Affordable Housing Trust Fund (AHTF) from recipients of long term tax exemptions to adopt a spending plan; and WHEREAS, said spending plan authorizes the City to enter into contract with for profit or non-profit entities, organized under state and federal law for the purpose of constructing affordable housing or a public entity; and WHEREAS, eligible applicants must provide proof that it is the recipient of funds from another public or private source that together with the AHTF will constitute suffcient funds to complete the proposed project; and WHEREAS, the Jersey City Redevelopment Agency (JCRA) is interested in acquiring properties located at 451-457 Ocean Avenue (Block 1332, Lot 20.99 and Block 1332, Lot 18.99); and WHEREAS, the purpose of this acquisition is to assemble propert for the future development of an affordable housing project to consist of approximately seventy (70) units; and WHEREAS, JCRA has designated Genesis Partners, LLC as the developer to redevelop this vacant land with the use of tax credits and other sources of financing; and WHEREAS, the total costs of this acquisition is $320,000 and JCRA is requesting Affordable Housing Trust Funds (AHTF) to cover these costs. NOW, THEREFORE, BE IT RESOLVED by the Municipal Council of the City of Jersey City that: 1) The Mayor or Business Administrator is hereby authorized to enter into an Affordable Housing Trust Fund (AHTF) Agreement with Jersey City Redevelopment Agency (JCRA) for the acquisition of 451-457 Ocean Avenue in the amount of $320,000.
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Resolution of the City of Jersey Ci
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Continuation of Resolution City Cle
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City Clerk File No. Res. 10-446 Age
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LICENSE AGREEMENT This AGREEMENT is
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City Clerk File No. Res. 10-448 Age
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Page 131 and 132: INTERDEPARTMENTAL MEMORANDUM OFFICE
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