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LEGISLATIVE FACT SHEET
This summary sheet is to be attached to any ordinance, resolution, cooperation
agreement, or contract that is submitted for Council consideration. Incomplete or sketchy
summary sheets wil be returned with the resolution or ordinance. The Department,
Division or Agency responsible for the overall implementation of the proposed project or
program should provide a concise and accurate statement of facts.
FULL TITLE OF ORDINANCE I RESOLUTION I COOPERATION AGREEMENT:
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
NAME AND TITLE OF PERSON INITIATING THE RESOLUTION:
Darice Toon, Director, Division of Community Development - 201-547-5304
DESCRIPTION OF THE PROGRAM, PROJECT, PLAN, PURCHASE, ETC.:
Acquisition of 451-457 Ocean Avenue
ANTICIPATED COMMUNITY BENEFITS OR ASSESSMENT OF DEPARTMENTAL
NEED:
Creation of seventy (70) units of affordable housing
COSTS OF PROGRAM OR PURCHASE: (IF EQUIPMENT PURCHASE, WHAT DOES
IT REPLACE. HOW WILL THE PROGRAM OR PURCHASE BE FUNDED?):
$320,000.00 AHTF funds
IF CONTRACT, PROJECT OR PLAN DATE OF COMMENCEMENT:
ANTICIPATED COMPLETION DATE:
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I RE OF DIVISION DIRECTOR
I CERTIFY THE FACTS PRESENTED HEREIN ARE ACCURATE.
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