Dept/ Agency: Administration/Office of Business Administrator Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application/Acceptance for Grant Funds Purpose: To obtain funding for Newark Tree Canopy Initiative: Growing and Proud of It Entity Name: The Nature Conservancy Entity Address: 200 Pottersville Road, Chester, New Jersey 07930 Grant Amount: $671,000.00 Total Project Cost: $ 8,000,000.00 City Contribution: $0.00 Other Funding Source/Amount: Grant Period: April 1, 2024 through April 25, 2029 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: This Resolution authorizes the acceptance of the Urban and Community Forestry Program Sub-award from the Nature Conservatory in the Amount of Six Hundred Seventy-One Thousand Dollars and Zero Cents ($671,000.00) and the execution of a Memorandum of Understanding between The City of Newark and The Nature Conservancy.