Dept/ Agency: Administration/Office of Management & Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Budget Insertion Purpose: To provide funds for various neighborhood projects and economic develop activities in the City of Newark. Funding Source: Hess Corporation/Hess NEC, LLC Appropriation Amount: $1,800,000.00 Budget Year: 2013 Contract Period: Until project completion Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Funds accepted by Resolution 7R3-D(AS)050212 and 7R7-a(S)032613 Operating Agency: Department of Economic and Housing Development Two-Thirds vote of full membership required. Invitation: Business Administrator and Director of Office of Management & Budget, November 6, 2013