Dept/ Agency: Administration/Office of Business Administrator Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Memorandum of Agreement Purpose: To establish a Guaranteed Education Pilot Program with Saint Elizabeth University, to provide financial assistance to at-risk, disadvantaged Newark students, who meet certain specific qualification criteria and are directly impacted by violence. Entity Name: Saint Elizabeth University Entity Address: 2 Convent Road, Morristown, New Jersey 07960 Grant Amount: $250,000.00 annually Funding Source: 2022 Budget/Department of Administration/Brick City Peace Collective Grant/NW051, G22, A22G0, A, 72030, B2022 Program Term: Four (4) years commencing on June 1, 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: In establishing this Guaranteed Education Pilot Program, Saint Elizabeth University shall serve as the City's agent for the administration and management of $1,000,000.00 to be paid over four (4) years ($250,000.00 per year, not to exceed $6,250.00 per student per year) commencing June 1, 2022, to be used towards the tuition and room and board payment for forty (40) students participating in the Guaranteed Education Pilot Program.