Dept/ Agency: Engineering Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Authority to establish a Dedication by Rider Trust Purpose: Requesting approval of Local Finance Board for a Dedicated Trust by Rider for the Permits for Shared Dockless Vehicles application and Revenue Fees and to appropriate the revenue for the purpose to which said revenue is dedicated. Trust Account Name: Shared Dockless Vehicles Trust Account Number: Not Applicable Funding Source: Dockless Vehicles Permit and Per Ride Fees Additional Information: Ordinance 6PSF-f adopted on August 2, 2023, established the Shared Dockless Vehicle Program within the City of Newark. Fees collected from this Program are to be utilized to cover the monitoring database on a yearly basis and residual funds on a yearly basis will be utilized for street improvement projects.