Title
Dept/ Agency: Administration/Office of Business Administrator
Action: (X) Ratifying (X) Authorizing (X) Amending
Type of Service: Interlocal Agreement
Purpose: 2nd Amendment to the Interlocal Agreement between the Newark Parking Authority and the City of Newark.
Entity Name: Newark Parking Authority
Entity Address: 47 Green Street, Newark, New Jersey 07102
Funding Source: Parking Fines
Agreement Term: Forty (40) years (as per Agreement adopted by Resolution 7R1-BE080608)
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X ) Other: Interlocal Agreement
Additional Information:
Interlocal Agreement adopted as Resolution 7R1-BE on August 6, 2008.
The 1st Amendment to the Interlocal Agreement adopted as Resolution 7R1-AS on April 27, 2010.
This 2nd Amendment to the Interlocal Agreement restores the Ticket Revenue Sharing arrangement between the City of Newark and the Newark Parking Authority, to the sixty-percent (60%) and forty-percent (40%) distribution levels, respectively, that were in effect prior to the increase in parking fines, fees and penalties, pursuant to Ordinance 6PSF-a, adopted by the Municipal Council on November 2, 2022.
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WHEREAS, the Parking Authority of the City of Newark (the "Newark Parking Authority") was created and established by virtue of Ordinance 6TB adopted August 3, 1955, which was subsequently amended through Ordinance 6TD adopted on April 4, 1956 (collectively the "Creation Ordinance"), pursuant to the Parking Authority Law (N.J.S.A. 40:11A-1 et seq. of the State of New Jersey, as amended and supplemented (the "Act"); and
WHEREAS, pursuant to Resolution 7R1-be, adopted on August 6, 2008, the City of Newark (the "City") entered into an Interlocal Agreement with the Newark Parking Authority; and
WHEREAS, pursuant to Resolution 7R1-AS, adopte...
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