Dept/ Agency: Economic & Housing Development Action: ( X ) Ratifying (X) Authorizing ( ) Amending Type of Service: EUS Contract Purpose: Technical Service in Neighborhood Stabilization Target areas Entity Name: Greater Newark Local Initiatives Support Corporation (LISC) Entity Address: 17 Academy St, Newark, New Jersey 07102 Grant Amount: Not to Exceed $ 250,000.00 (matching funds of $ 250,000.00 from LISC for a total project amount of $ 500,000.00) Funding Source: U.S. Department of Housing and Urban Development Contract Period: November 15, 2012 through November 14, 2014 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( X ) RFP ( ) RFQ ( ) Private Sale ( X ) Grant ( ) Sub-recipient ( ) n/a List of Property: (If applicable) Additional Information: Resolution 7R3-B(AS) 031710, authorized application and acceptance of grant funds from HUD Resolution 7R3-D(AS) 050510, authorized funding agreements with non-profit Consortium Members and for-profit Developers Greater Newark Local Initiatives Support Corporation (GNL) will provide a one-to-one match funding of $ 250,000.00