Title
Dept/ Agency: Engineering
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Acceptance of Gift
Purpose: Installation, ownership and maintenance of ten (10) bike racks, including two (2) replacements and eight (8) racks which will be installed in a targeted area of downtown Newark.
Entity Name: City of Newark
Entity Address: 920 Broad Street, Newark, NJ 07102
Gift Amount: $12,000.00
Funding Source: Brick City Development Corporation
Total Project Cost: $12,000.00
City Contribution: The City of Newark shall assume responsibility for the expense of maintenance of the bike racks, including storage of two (2) replacement racks for an unspecified time period, removal of damaged racks and installation of replacement racks as necessary.
Other Funding Source/Amount: N/A
Contract Period: The agreement shall commence upon authorization by resolution of the Municipal Council and remain in effect for the life of the bike racks.
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: N/A