Dept/Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Shared Services Agreement Purpose: To facilitate and expedite the redevelopment of the Seth Boyden Site by collaborating on the demolition of the buildings and improvements on the Seth Boyden Site and the removal of debris therefrom, which collaboration will include a contribution of $4,000,000.00 from the City of Newark (City) to the Newark Housing Authority (NHA) to be applied to contracts for services for such undertakings procured in accordance with all applicable Laws in exchange for NHA making an equal contribution to the City in accordance with Section 2.4 of the Shared Services Agreement for redevelopment projects, as yet identified by the City. Entity Name: Housing Authority of the City of Newark Entity Address: 500 Broad Street, Newark, New Jersey 07102 Project Location: 741-811 Frelinghuysen Avenue, Newark, New Jersey 07114 Reimbursement Amount: $4,000,000.00 Contract Period: Not Applicable 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: A Shared Service Agreement with the Newark Housing Authority.