Dept/ Agency: Engineering Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose:To accept grant funding and enter into a Federal Aid Cost Reimbursement Agreement with NJDOT for the Newark Ironbound Roundabout Project, Federal Project Number, D00S(738). Entity Name: New Jersey Department of Transportation Entity Address: 1035 Parkway Avenue, Trenton, New Jersey 08625 Grant Amount: $1,721,729.63 Total Project Cost: Not Applicable City Contribution: $0.00 Other Funding Source/Amount: $0.00 Grant Period: From the date of the Grant Agreement execution to August 25, 2028 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a List of Property: (if applicable) (Address/Block/Lot/Ward) Additional Information: This Resolution authorizes the City of Newark to accept grant funding in the amount of $1,721,729.63 ($1,456,374.50 for construction and $265,355.13 for construction inspection and management services) for the Newark Ironbound Roundabout Program. This Resolution further authorizes the City of Newark to enter into and execute a Federal Aid Cost Reimbursement Agreement with the New Jersey Department of Transportation, Division of Local Aid and Economic Development for the Newark Ironbound Roundabout Project.