Dept/ Agency: Administration/Office of Management & Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Temporary Emergency Appropriation Purpose: Funds for the reconstruction of the Ironbound Stadium (East Ward) Funding Source: Hess Corporation/Hess NEC, LLC via funds held in a Dedicated Escrow account Appropriation Amount: $5,000,000.00 Budget Year: 2014 Contract Period: Until completion 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 7R7- a(s) 032613 Operating Agency: Department of Engineering Two-Thirds vote of full membership required. Invitation: Director of Office of Management and Budget, May 20, 2014