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25-0916

Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application/Acceptance of Grant Funds Purpose: Acceptance of $7,470,560.00 of Zone Assistance Funds and Transfer thereof to the Zone Development Corporation Entity Name: Urban Enterprise Zone Authority Entity Address: 101 South Broad Street, First Floor, Trenton, New Jersey 08625-0822 Grant Amount: $7,470,560.00 Total Project Cost: $7,470,560.00 City Contribution: $0.00 Other Funding Source/Amount: Grant Period: State FY 2025 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: Allocated pursuant to N.J.S.A. 52:27H-88

Resolution Adopted Introduced June 18, 2025
Committee
Finance
Introduced
June 18, 2025
On agenda
July 2, 2025
Passed
July 2, 2025

Where it was heard

Municipal Council Jul 2, 2025 Adopt Pass