Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Assignment of Grant Agreement Purpose: Assignment of Grant Agreement from the Community Foundation of New Jersey to the City of Newark Entity Name: Community Foundation of New Jersey Entity Address: P.O. Box 338, Morristown, New Jersey 07038 Sale Amount: N/A Cost Basis: ( ) $ PSF ( ) Negotiated ( X ) N/A ( ) Other: Assessed Amount: N/A Appraised Amount: N/A Contract Period: Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a Additional Information: This resolution authorizes an assignment of the Grant Agreement rights and transfer of funds from the Community Foundation of New Jersey to the City of Newark