Dept./ Agency: Office of the Mayor Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Memorandum of Understanding Purpose: To research and strategize a plan on how to implement a Guaranteed Income Program within the City of Newark. Entity Name: Reinvent Stockton Foundation Income Entity Address: 110 North San Joaquin Street, Stockton, California 95202 Grant Amount: $100,000.00 Funding Source: Reinvent Stockton Foundation and Mayors for a Guaranteed Income Total Project Cost: $0.00 City Contribution: $0.00 Other Funding Source/Amount: $0.00 Contract Period: September 1, 2020 through December 31, 2021 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a Additional Information: