Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Acceptance of Funding Contribution Purpose: To accept funding provided by the New Jersey Turnpike Authority and held in escrow for Phase D public access improvements at Newark Riverfront Park, and authorize the City to access and administer the funding. Entity Name: New Jersey Turnpike Authority Entity Address: 1 Turnpike Plaza, Woodbridge, New Jersey 07095-5042 Grant Amount: $3,000,000.00 Total Project Cost: Approximately $6,000,000.00, as estimated in the Escrow Agreement City Contribution: Not specified in the Escrow Agreement. Other Funding Source/Amount: Not specified in the Escrow Agreement. Funding Period: Subject to the terms of the Escrow Agreement and any written extension or approval issued by the New Jersey Department of Environmental Protection Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale () Grant ( ) Sub-recipient (X) n/a Additional Information: NJTA Agreement No. 231-25. Funds are held by the escrow agent and disbursed subject to NJDEP approval.