Title
Dept/ Agency: Engineering
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Accepting a Gift
Gift: Acceptance of the gift of all installed physical infrastructure materials and labor, valued at $300,000.00, from the Greater Newark Tourism Improvement District Management Corporation
Purpose: Walking tour in Downtown Newark that highlights some of the City's most important cultural and historical sites.
Entity Name: Greater Newark Tourism Improvement District Management Corporation
Entity Address: 60 Park Place, Suite 104, Newark, New Jersey 07102
Gift Value: $300,000.00
City Contribution: $0.00
Other Funding Source/Amount: N/A
Contract Period: N/A
Additional Information:
Creation of 5K walking trail featuring 83 points of interest that include landmark buildings, sculptures and monuments and assume ownership of all installed physical infrastructure, including interpretive signs and trailblazing pole collars.
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WHEREAS, the Prudential Foundation (the "Foundation") provides grants that support effective programs that focus on education, economic development and arts & civic infrastructure; and
WHEREAS, the Greater Newark Tourism Improvement District Management Corporation (the "Greater Newark Convention & Visitors Bureau", "GNCVB"), located at 60 Park Place, Suite 104, Newark, NJ 07102, submitted an application on behalf of the City of Newark (the "City") to the Foundation to receive grant funds to create a formal walking path(s) in Downtown Newark that highlights some of the City's most important cultural and historical sites; and
WHEREAS, the GNCVB received an award from the Foundation in the amount of $300,000.00 to create a 5k walking trail featuring 83 points of interest in the City of Newark that include landmark buildings, sculptures and monuments; and
WHEREAS, as part of the grant agreement between the Foundation and GNCVB all installed physical infrastructure, including interpretive ...
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