Title
Dept/ Agency: Department of Administration / Office of the Business Administrator
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Accepting a Donation/Gift
Gift: $125,000.00
Purpose: To provide funding to support the efficiency of grant processes across various City Departments.
Entity Name: Newark Alliance
Entity Address: 58 Park Place, 2nd Floor, Newark, New Jersey 07102
Gift Value: $125,000.00
City Contribution: N/A
Other Funding Source/Amount: N/A
Contract Period: N/A
Additional Information:
body
WHEREAS, Newark Alliance, located at 58 Park Place, 2nd Floor, Newark, New Jersey 07102, desires to provide a gift of One Hundred Twenty-Five Thousand Dollars and Zero Cents ($125,000.00) to the City of Newark to support the City’s commitment to strengthen the efficiency of grant processes across various City departments (“Gift”); and
WHEREAS, said gift reflect Newark Alliance’s investment in the City of Newark; and
WHEREAS, pursuant to Local Public Contract Law, N.J.S.A. 40A:5-29, a local unit is authorized and empowered to accept bequest, legacies, and gifts made to it and is empowered to utilize such bequests, legacies, and gifts in the manner set forth in the conditions of the bequest, legacy, and gift provided, however, that such bequest, legacy, or gift shall not be put to any use, which is inconsistent with the State of New Jersey and the United State of America; and
WHEREAS, Newark Alliance fully understands and agrees it is not entitled to receive any direct benefit from the City of Newark in exchange for its gift; and
WHEREAS, pursuant to N.J.S.A. 40A: 5-29, the Business Administrator desires to accept the gift of One Hundred Twenty-Five Thousand Dollars and Zero Cents ($125,000.00).
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Municipal Council authorizes the Business Administrator, on behalf of the City of Newark, to accept the gift of One ...
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