~~It V~e' - . 0, , - Jersey City

LEGISLATIVE FACT SHEET
This summary sheet is to be attached to any ordinance, resolutio~, 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 A CONTRACT WITH COMMUNITY ASSET PRESERVATION ALLIANCE OF
JERSEY CITY (CAPA) UNDER THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP)
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 & rehabiltation of foreclosed and/or abandoned properties in the NSP target area.
ANTICIPATED COMMUN'ITY BENEFITS OR ASSESSMENT OF DEPARTMENTAL NEED:
Stabilzation of NSP target area
COSTS OF PROGRAM OR PURCHASE: (IF EQUIPMENT PURCHASE, WHAT DOES IT
REPLACE. HOW WILL THE PROGRAM OR PURCHASE BE FUNDED?):
$1,577,470 NSP Funds
IF CONTRACT, PROJECT OR PLAN DATE OF COMMENCEMENT:
All funds must be obligated by September 9, 2010
ANTICIPATED COMPLETION DATE:
July 2011
~'~
I CERTIFY THE FACTS PRESENTED HEREIN ARE ACCURATE.
~OÑCTOR
gi
o