Dept/ Agency: Office of the Mayor and Agencies Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Exception to Public Bidding - Agreement with a Governmental Entity Purpose: Newark Math Success Initiative (MSI) Entity Name: New Jersey Institute of Technology (NJIT) Entity Address: University Heights, 323 Dr. Martin Luther King, Jr. Boulevard, Newark, New Jersey 07102 Contract Amount: $475,765.34 Funding Source(s): NJIT, Newark Board of Education, Community Fund of New Jersey and the City of Newark Contract Period: July 5, 2022 through August 11, 2022 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: The total cost of the Newark Math Success Initiative (MSI) is $475,765.34. New Jersey Institute of Technology (NJIT) will contribute $213,026.76. Newark Board of Education will contribute $202,738.58. The City of Newark will contribute $60,000.00. The Summer Youth Employment Program (SYEP) will be funded through a gift from the Community Foundation of New Jersey provided in the form of stipends to students participating in the Newark Math Success Initiative (MSI).