Dept/ Agency: Administration/Office of Management and Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Temporary Emergency Appropriation Purpose: Home Investment Partnership Act Program to develop, fund and rehabilitate various projects within the City of Newark Funding Source: Program income generated from loan repayments, as a result of project developments within the City of Newark Appropriation Amount: $197,955.61 Budget Year: 2018 Contract Period: Until completion of program resources 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: 7Rcw (as) adopted on April 20, 1994, 7Rp adopted October 5, 1994, 7Re (s-2) adopted on April 9, 1996, 7Rck (as) adopted on April 1, 1998, 7Rcq (as) adopted on April 4, 2001 Operating Agency: Department of Economic and Housing Development Two-Thirds vote of full membership required