Title
Dept/ Agency: Administration/ Office of the Business Administrator
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Application/Acceptance of the Coronavirus Aid Relief and Economic Security Act (the "CARES Act") Stimulus Funds
Purpose: To reimburse the City of Newark for economic damage caused by the Coronavirus pandemic.
Entity Name: County of Essex
Entity Address: 465 Martin Luther King Boulevard, Newark, New Jersey 07102
Grant Amount: $10,932,302.47, plus any additional amounts allocated hereafter
Funding Source: County of Essex through CARES ACT funds from the United State Treasury
Contract Period: May 12, 2020 through December 31, 2020, or until funds are expended
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:
body
WHEREAS, the City of Newark wishes to enter into a Reimbursement Agreement (the "Agreement") with the County of Essex, 465 Martin Luther King Boulevard, Newark, New Jersey 07102 (the "County") for economic damage and hardships stemming from COVID-19 Public Health Emergency and Public Health Crisis; and
WHEREAS, the United States of America, the State of New Jersey, the County, and the City of Newark have become victims of the COVID-19 Virus and Pandemic (the "Coronavirus"); and
WHEREAS, the Coronavirus has caused economic damage and hardships to states, counties, and municipalities throughout the United States of America; and
WHEREAS, on March 27, 2020, President Donald J. Trump signed the Coronavirus Aid Relief and Economic Security Act (the "CARES Act"); and
WHEREAS, the CARES Act was enacted, among other purposes, in order to combat the economic damage caused to states, counties and municipalities because of the Coronavirus; and
WHEREAS, the C...
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