Dept/ Agency: Administration/Office of the Business Administrator Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Exception to Public Bidding - Extraordinary Unspecifiable Services Purpose: Funding of Newark Community Economic Development Corporation Entity Name: Newark Community Economic Development Corporation Entity Address: 111 Mulberry Street, Market Street LL Suite, Newark, New Jersey 07102 Contract Amount: $3,000,000.00 Funding Source: Sale of Newark Property and Motor Vehicle Tax Revenue Contract Period: January 1, 2018 through December 31, 2020 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. (X) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: