Dept/ Agency: Administration/Office of Management and Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Budget Insertion Purpose: Essex County CARES Funding Reimbursement to reimburse the City of Newark for economic damage caused by the Coronavirus pandemic. Funding Source: County of Essex through CARES Act funds from the United States Department of Treasury Appropriation Amount: $6,023,013.29 Budget Year: 2020 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: Funds accepted by Resolution 7R1-l adopted on October 7, 2020. Operating Agency: Department of Administration Two-Thirds vote of full membership required.