Dept/ Agency: Administration/Division of Central Purchasing Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Bid Contract(s) Purpose: Neighborhood Investment Pilot Program Entity Name(s)/Address(s): 1) Ironbound Business Improvement District, 76 Prospect Street, 2nd Floor, Newark, New Jersey 07105; and 2) Newark Beth Israel Medical Center, 201 Lyons Avenue, Foundation Department G2, Newark, New Jersey 07112; and 3) Mt. Prospect Partnership and Bloomfield Avenue/Lower Broadway, Bloomfield, New Jersey 07003; and 4) Partnership West, Inc., 1044 S. Orange Avenue, Newark, New Jersey 07106 Contract Amount: Not to exceed $731,505.00 Funding Source: Department of Economic and Housing Development/NW051-G21-ARPD0-72050 Contract Period: For a period not to exceed twelve (12) consecutive months after Municipal Council adoption Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: This contract will provide investment in community-based organizations to strengthen the City of Newark’s commercial corridors and help small businesses recover and thrive. Advertisement: March 10, 2022 Bid Downloaded: Forty-One (41) Bid Received: Thirteen (13)