Dept./ Agency: Office of the Mayor Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Memorandum of Agreement Purpose: To administer funds to Newark residents participating in the Guaranteed Universal Income Pilot Program. Entity Name: Mobility Capital Financial, Inc. Entity Address: 1 Washington Park, Newark, New Jersey 07102 Contract Period: September 1, 2021 through August 31, 2022 with two (2) one (1) year options to renew or whenever the Program is complete, whichever comes first Funding Amount: Not to exceed $3,800,000.00 Funding Source: American Rescue Plan Act Funds/051-G21-ARP90-72030 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: