Dept/ Agency: Engineering Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Application/Acceptance of Grant Funds Purpose: Traffic Signal Optimization/Adaptive Traffic Signals along Broad Street, Newark Corridor Entity Name: City of Newark Entity Address: 920 Broad Street, Newark, New Jersey 07102 Grant Amount: $1,678,233.00 Funding Source: North Jersey Transportation Planning Authority (NJTPA) Total Project Cost: $2,097,791.25 City Contribution: $419,558.25 Other Funding Source/Amount: $0.00 Grant Period: 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: City Matching Funds of $419,558.25 required for receipt and acceptance of grant award shall be provided from the 2019 Municipal Budget.