Title
Dept/ Agency: Administration/Office of the Business Administrator
Action: (X) Ratifying (X) Authorizing (X) Amending
Type of Service: Inter-Governmental Agreement (Third Amendment)
Purpose: To minimize the City of Newark Parking Authority's loss of parking ticket revenue due to the COVID-19 Pandemic.
Entity Name: The Parking Authority of the City of Newark
Entity Address: 47-63 Green Street, Newark, New Jersey 07102
Grant Amount: $1,650,095.00
Funding Source: American Rescue Plan Act of 2021(ARPA) - Department of Treasury Coronavirus State and Local Fiscal Recovery Funds/$500,000.00, NW051-Department G21- Div./Proj. ARPLO-Activity A- Account # 72090- Budget Ref: B2021/Waiver of parking ticket revenue from June 1, 2021, through December 31, 2021
Contract Period: June 1, 2021 through December 31, 2021
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a
List of Property: (Not applicable)
(Address/Block/Lot/Ward)
Additional Information:
Resolution 7R1-b adopted on August 6, 2008, authorized an inter-governmental agreement between the City and the Newark Parking Authority to appropriate parking powers and authority and obtain rights and interest in existing parking assets that were owned and controlled by the City.
First Amendment Resolution 7R1-a(S), adopted on April 27, 2010, authorized an amendment to the Agreement related to parking meters and revenue sharing.
Second Amendment Resolution 7R1-x, adopted on August 7, 2013, authorized an amendment to the Agreement, transferring all towing related duties and responsibilities back to the City.
This is a Third Amendment to the inter-governmental agreement where the City is allocating $500,000.00 from the American Rescue Funds Act to minimize the Newark Parking Authority's loss of revenue due t...
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