Dept./ Agency: Recreation, Cultural Affairs and Senior Services Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Authorization of the Creation of a Non-Profit Organization Purpose: To authorize the formation of City Parks Foundation Inc., a non-profit corporation and tax-exempt organization for the purpose of assisting the City of Newark with the maintenance and management of the following parks that are within or in close proximity to the Downtown/Central Business District: 1) Mulberry Commons; 2) Riverfront Park; 3) Military Park; 4) Washington Park; and 5) Lincoln Park Entity Name: City Parks Foundation, Inc. Entity Address: To be determined Funding Source: Entity will provide funds and through public donations, etc. 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: To create a non-profit organization, City Parks Foundation, Inc., that will be responsible for the maintenance, management, improvement and funding of certain parks and spaces within the City. DEFERRED 7R11-a 012121