File #: 10-1331    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 9/15/2010 In control: Economic and Housing Development
On agenda: 9/15/2010 Final action: 9/15/2010
Title: Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Reimbursement of Costs and Expenses; Indemnity for Liabilities Purpose: Relating to ECIA role in proposed sale-leaseback transaction for various City-owned buildings Entity Name/Address: Essex County Improvement Authority, Fairfield, NJ Contract Amount: Unlimited (reimbursement estimated at $731,000; initial escrow to be funded at $200,000 subject to replenishment) Funding Source: City of Newark Budget/Economic & Housing Development Contract Period: Not provided Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (x) n/a Additional Information:

Title

Dept/ Agency:  Economic & Housing Development

Action:  (   ) Ratifying     (X) Authorizing     (   ) Amending

Type of Service: Reimbursement of Costs and Expenses; Indemnity for Liabilities

Purpose:  Relating to ECIA role in proposed sale-leaseback transaction for various City-owned buildings

Entity Name/Address:  Essex County Improvement Authority, Fairfield, NJ

Contract Amount:  Unlimited (reimbursement estimated at $731,000; initial escrow to be funded at $200,000 subject to replenishment)

Funding Source:  City of Newark Budget/Economic & Housing Development

Contract Period:  Not provided

Contract Basis: (   ) Bid   (   ) State Vendor   (   ) Prof.  Ser.   (   ) EUS  

(   ) Fair & Open   (   ) No Reportable Contributions   (   ) RFP   (   ) RFQ

(   ) Private Sale   (   ) Grant   (   ) Sub-recipient   (x) n/a   

Additional Information: