Dept/ Agency: Recreation, Cultural Affairs and Senior Services Action: ( ) Ratifying (X ) Authorizing ( ) Amending Type of Service: Application/Acceptance of Grant Funds Purpose: Accepting grant funds to redesign Broadway Park and develop the site into a new City park. Entity Name: State of New Jersey Department of Environment Protection, Green Acres Program Entity Address: 501 East State Street, 1st Floor, Trenton, NJ 08625 Grant Amount: $4,000,000.00 Total Project Cost: $7,360,000.00 City Contribution: $2,860,000.00 Grant Period: To be established for a period not to exceed twenty-four (24) consecutive months, commencing upon a fully executed contract Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( X ) Grant ( ) Sub-recipient ( ) n/a Additional Information: