Title
Dept/ Agency: Administration/Office of Management and Budget
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Budget Insertion
Purpose: Local Freight Impact Fund (LFIF)-2022 McClellan Street-Port Newark Connect Project.
Funding Source: New Jersey Department of Transportation, New Jersey Transportation Trust Fund Authority Act
Appropriation Amount: $1,100,000.00
Budget Year: 2023
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Funds accepted by Resolution 7R3-a adopted on September 7, 2023.
Operating Agency: Department of Engineering
Two-Thirds vote of full membership required.
body
BI - #5
WHEREAS, N.J.S.A. 40A:4-87 provides that the Director of Local Government Services may approve the insertion of any Special Item of Revenue in the budget of any local unit when such item shall have been made available by law and the amount thereof shall not have been determined at the time of the adoption of the budget, and may approve the insertion of any appropriation item of equal amount for the purpose of carrying out the purposes the law making such item of revenue available for expenditure; and
WHEREAS, by award letter dated July 7, 2022, the New Jersey Department of Transportation, New Jersey Transportation Trust Fund Authority Act has made available One Million One Hundred Thousand Dollars and Zero Cents ($1,100,000.00) to be used for Local Freight Impact Fund (LFIF)-2022 McClellan Street-Port Newark Connect Project for the City of Newark; and
WHEREAS, funding has been accepted by Resolution 7R3-a dated September 7, 2023, from the New Jersey Department of Transportation, Local Aid and Economic Development, in the amount of One Million One Hundred Thousand Dollars and Zero Cents ($1,100,00...
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