Dept/Agency: Recreation, Cultural Affairs and Senior Services Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Memorandum of Agreement with Bloomfield Avenue/Lower Broadway Alliance (“BALBA”) Purpose: To revitalize the City-owned park, Salvatore Bontempo Memorial Park, located at the intersection of Bloomfield Avenue and First Avenue (Block 598, Lot 1). Entity Name: Bloomfield Avenue/Lower Broadway Alliance (“BALBA”) Entity Address: 228 North 15th Street, Bloomfield, New Jersey 07003 Project Location: 368-378 Bloomfield Avenue (corner of Bloomfield Avenue and First Avenue), Newark, New Jersey 07107 (Block 598, Lot 1) Contract Amount: $657,977.00 (Preliminary Total Park Estimate); City’s total contribution for the Park not to exceed $300,000.00 Contract Period: Upon execution, not to exceed five (5) consecutive years, unless extended upon mutual agreement and subject to adoption by the Municipal Council Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a Additional Information: