Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To grant financial assistance for the making of opportunistic investments in value-added small businesses and real estate projects within the City of Newark. Entity Name: New Jersey 40 Acres and a Mule Fund, a New Jersey Non-profit Corporation Entity Address: 111 Mulberry Street, Lower Level, Newark, New Jersey 07102 Grant Amount: $2,000,000.00 Total Project Cost: Not Applicable City Contribution: $0.00 Other Funding Source Amount: Not Applicable Grant Period: Commencing upon the full execution of the Grant Agreement and expiring one (1) year from full execution of the Grant Agreement 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: