Title
Dept/ Agency: Administration/Office of the Business Administrator
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: CY 2016 Transitional Aid (TA) Memorandum of Understanding (MOU)
Purpose: To authorize the execution of the CY 2016 Transitional Aid (TA) Memorandum of Understanding (MOU).
Entity Name: State of New Jersey, Division of Local Government Services, Department of Community Affairs
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:
Resolution 7R1-a adopted on August 3, 2016 authorized submission of 2016 Transitional Aid (TA) application and agreed to immediate State oversight and execution of Transitional Aid (TA) to Localities Grant Award for CY 2016
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WHEREAS, the City of Newark is facing a serious fiscal emergency, requiring the submission of an application for CY 2016 Transitional Aid to Localities to the State of New Jersey, Department of Community Affairs; and
WHEREAS, the Director of the Division of Local Government Services has determined that the City of Newark shall receive an award of Nine Million Eight Hundred Thousand Dollars and Zero Cents ($9,800,000.00) of Transitional Aid (TA) to Localities; and
WHEREAS, the Department of Community Affairs and the City of Newark have agreed to the terms of a final Memorandum of Understanding (the 'MOU'); and
WHEREAS, the State of New Jersey, Department of Community Affairs, requires a resolution from the Governing Body authorizing the execution of the MOU, indicating its awareness of and acknowledging the contents thereof and agreeing to certain conditions.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Municipal Council of the City of Newark hereby authorizes the Mayor and/or his des...
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