Resolution22-0721
Dept/ Agency: Administration/Office of Business Administrator
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Memorandum of Agreement
Purpose: To establish a Guaranteed Education Pilot Program with Saint Elizabeth University, to provide financial assistance to at-risk, disadvantaged Newark students, who meet certain specific qualification criteria and are directly impacted by violence.
Entity Name: Saint Elizabeth University
Entity Address: 2 Convent Road, Morristown, New Jersey 07960
Grant Amount: $250,000.00 annually
Funding Source: 2022 Budget/Department of Administration/Brick City Peace Collective Grant/NW051, G22, A22G0, A, 72030, B2022
Program Term: Four (4) years commencing on June 1, 2022
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:
In establishing this Guaranteed Education Pilot Program, Saint Elizabeth University shall serve as the City's agent for the administration and management of $1,000,000.00 to be paid over four (4) years ($250,000.00 per year, not to exceed $6,250.00 per student per year) commencing June 1, 2022, to be used towards the tuition and room and board payment for forty (40) students participating in the Guaranteed Education Pilot Program.
Introduced May 13, 2022· Administration