Dept/ Agency: Administration/Office of Management & Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Special Emergency Appropriation Purpose: Severance Liabilities - special emergency appropriation for contractually required severance liabilities resulting from the layoff or retirement of City employees. Funding Source: City of Newark Budget Appropriation Amount: $7,000,000.00 Budget Year: 2011 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: Providing for the financing of a $7,000,000.00 Special Emergency Appropriation, which was approved by ordinance 6PSF-g 062211. Operating Agency: All Departments Two-Thirds vote of full membership required Invitation: Office of Management & Budget Director, September 7, 2011