Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: De-allocation/Re-allocation of escrow account funds
Purpose: Changing allocation for two entities, establish a new entity and cancel previously authorized allocations for two entities per 7R3-b(S-1), 021309
Entity Names:
1. Great Newark Conservancy (South Ward)
2. Episcopal Community Development Corporation (South Ward)
3. Grace Reformed Baptist Church (Central Ward)
Grant Amount(s): $55,000.00
Funding Source: Escrow Account: Neighborhood Projects created from sale of 1088-1132 Raymond Blvd.
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:
Resolution 7R3-b(S-1), 021309 designated funding to numerous neighborhood projects
Project/Reallocation
Greater Newark Conservancy $ 7,500.00
Episcopal Community Development Corp. $27,500.00
Grace Reformed Baptist Church $20,000.00
Project/Cancellation
Club House $20,000.00
Weequahic Park Super Neighborhood $35,000.00
Deferred 7R3-a(s) 042710