Dept/ Agency: Administration/Office of Business Administrator Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Interlocal Agreement Purpose: 2nd Amendment to the Interlocal Agreement between the Newark Parking Authority and the City of Newark. Entity Name: Newark Parking Authority Entity Address: 47 Green Street, Newark, New Jersey 07102 Funding Source: Parking Fines Agreement Term: Forty (40) years (as per Agreement adopted by Resolution 7R1-BE080608) Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X ) Other: Interlocal Agreement Additional Information: Interlocal Agreement adopted as Resolution 7R1-BE on August 6, 2008. The 1st Amendment to the Interlocal Agreement adopted as Resolution 7R1-AS on April 27, 2010. This 2nd Amendment to the Interlocal Agreement restores the Ticket Revenue Sharing arrangement between the City of Newark and the Newark Parking Authority, to the sixty-percent (60%) and forty-percent (40%) distribution levels, respectively, that were in effect prior to the increase in parking fines, fees and penalties, pursuant to Ordinance 6PSF-a, adopted by the Municipal Council on November 2, 2022.