Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Exception to Public Bidding - [Extraordinary Unspecifiable Services] Purpose: Continue to implement the various initiatives, goals and programs in furtherance of economic development and redevelopment activities including providing $3,000,000.00 in funding to carry out the administration and management of the City’s Urban Enterprise Zone Program Entity Name: Newark Community Economic Development Corporation Entity Address: 111 Mulberry Street, Market Street LL Suite, Newark, New Jersey 07102 Contract Amount: Not to exceed $3,000,000.00 Funding Source: Urban Enterprise Zone 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: The City will be receiving $1,082.93 per month for use of City-owned property at 111 Mulberry Street. Failed 7R3-a (s) 051016 Deferred 7R3-c 051816