Title
Dept/ Agency: Administration/Office of Business Administrator
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Amendment to Inter-Local Agreement, Resolution 7R1-BE 080608
Purpose:
1. Install and maintain parking meters
2. Institute permit parking zones
3. Establish time limits and fees for parking meters
4. Change Parking Authority revenue sharing from $5. to $13. per parking violation(s) collected
Entity Name: Parking Authority
Entity Address: 50 Park Place, Newark NJ 07102
Contract Amount: N/A
Funding Source: Ticket Revenue
Agreement Term: 40 years (as per agreement adopted by 7R1-BE, 080608)
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) Other: Inter-local Agreement
Additional Information: N/A