Dept/ Agency: Engineering Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application/Acceptance of Grant Funds Purpose: NJDOT 2024 Local Freight Impact Fund Program Entity Name: New Jersey Department of Transportation Entity Address: P.O. Box 600, Trenton, New Jersey 08625 Grant Amount: $3,074,950.50 Total Project Cost: $3,074,950.50 City Contribution: $0.00 Other Funding Source/Amount: $0.00 Grant Period: Not Applicable 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 City of Newark to apply for grant funding under the LFIF-2024-Ferry Street Improvements-00039 from NJDOT for improvements to Ferry Street, and also authorizes the acceptance of grant funding upon notification of a grant award.