Title
Dept/ Agency: Administration/Office of Business Administrator
Action: (X) Ratifying (X) Authorizing (X) Amending
Type of Service: Memorandum of Agreement
Purpose: First Amendment to the Memorandum of Agreement for Guaranteed Education Pilot Program with Saint Elizabeth University, to provide financial assistance to at-risk, disadvantaged Newark students, who meet certain specific qualification criteria and are directly impacted by violence.
Entity Name: Saint Elizabeth University
Entity Address: 2 Convent Road, Morristown, New Jersey 07960
Grant Amount: $250,000.00 annually
Funding Source: 2022 Budget/Department of Administration/Brick City Peace Collective Grant/NW051, G22, A22G0, A, 72030, B2022
Program Term: Four (4) years commencing on June 1, 2022
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:
Original Resolution 7R1-i(AS) adopted on May 18, 2022 for the administration and management of $1,000,000.00 to be paid over four (4) years ($250,000.00 per year, not to exceed $6,250.00 per student per year) commencing June 1, 2022, to be used towards the tuition and room and board payment for forty (40) students participating in the Guaranteed Education Pilot Program.
This First Amendment will include additional major of Allied Health Sciences and remove provision requiring not to exceed $6,250.00 per student per year to ensure students remain debt-free. No additional funds are needed.
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WHEREAS, on May 18, 2022 Newark Municipal Council adopted Resolution 7R1-i(as), which authorized the City to enter into and execute a Memorandum of Agreement with Saint Elizabeth University, 2 Convent Road, Morristown, New Jersey 07960, to establish a Guaranteed Education Pilot Program to provide financial assistance to forty (40) at-r...
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