Dept/ Agency: Administration/Office of the Business Administrator Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Exception to Public Bidding - Extraordinary Unspecifiable Services Purpose: Amendment to the Funding Agreement with the Newark Community Economic Development Corporation to include the management of (a) the development of Triangle Park Project and (b) the obligations of Redevelopers within the Newark Downtown Core redevelopment area. Entity Name: Newark Community Economic Development Corporation Entity Address: 111 Mulberry Street, Market Street LL Suite, Newark, New Jersey 07102 Contract Amount: $10,000,000.00 Funding Source: Capital Funds Contract Period: September 1, 2015 through December 31, 2017 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: