Dept/ Agency: Administration/Division of Central Purchasing Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Bid Contract(s) Purpose: Asphalt Concrete Mix Entity Name(s)/Address(s): 1. Newark Asphalt Corp., Foot of Passaic Street, Newark, New Jersey 07104 2. Stavola Asphalt Co., Inc., 175 Drift Road, Tinton Falls, New Jersey 07724 Contract Amount: $400,000.00 Funding Source: City of Newark Budget, Departments’ of Engineering, Neighborhood & Recreational Services and Water & Sewer Utilities Contract Period: To be established for a period not to exceed a two (2) year term Contract Basis: ( x ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Bids solicited: Six (6) Bids received: Two (2)