Title
Dept/ Agency: Administration/Office of Management and Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Temporary Emergency Appropriation
Purpose: Ferry Street Intersection Safety Improvements Project - Additional Funds
Funding Source: Federal Highway Aid Program/New Jersey Department of Transportation
Appropriation Amount: $1,266,469.22
Budget Year: 2024
Contract Period: Upon completion
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Original Funds Accepted by Resolution 7R3-d adopted on December 06, 2023.
Additional funds accepted by Apply and Accept Resolution will be submitted under separate cover as Legistar File ID #24-1132.
Operating Agency: Department of Engineering
Two-thirds vote of full membership required.
body
TE #55
WHEREAS, an emergency has arisen in Special Item of Appropriation in the additional amount of $1,266,469.22, bringing total program cost to $6,929,474.35 for Ferry Street Intersection Safety Improvements Project Grant and no adequate provision has been made in the 2024 Temporary Budget for the aforesaid purpose; and
WHEREAS, N.J.S.A. 40A:4-20 provides for the creation of an emergency appropriation for the above-mentioned purpose; and
WHEREAS, by award letter dated July 3, 2024 from the Federal Highway Aid Program/New Jersey Department of Transportation, the City of Newark was awarded $1,266,469.22 in additional funds to provide for Ferry Street Intersection Safety Improvements Project Grant; and
WHEREAS, N.J.S.A 40A:4-20 provides that the Governing Body by a two-thirds vote of the full membership, may make temporary emergency appropriations for any purpose for which appropriations may lawfully be made for the period between the beginning of the current fiscal year and the date of the adoption of the budget for said year; and
WHEREAS, total emergency appropriations adopted in 2024 pursuant to N.J.S.A. 40A:4-20 including this resolution total $ 490,162,318.86.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT, no less than two-thirds of all members thereof affirmatively concurring, that:
1. An emergency appropriation and the same is hereby made for the following classification:
Program Amount
Ferry Street Intersection Safety $1,266,469.22
Improvements Project - Additional Funds
2. Said emergency appropriation shall be provided for in the 2024 budget.
3. A copy of this resolution shall be filed with the Director of the Division of Local Government Services by the City Clerk of the City of Newark.
STATEMENT
This resolution establishes the revenue and appropriation for the 2024 Municipal Budget in the amount of $1,266,469.22, bringing total program amount to $6,929,474.35, for the Ferry Street Intersection Safety Improvements Project Grant - Additional Funds for City of Newark. The funding is provided by the Federal Highway Aid Program/New Jersey Department of Transportation. The project period is upon completion.