26-1282
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Acceptance of Funding Contribution Purpose: To accept funding provided by the New Jersey Turnpike Authority and held in escrow for Phase D public access improvements at Newark Riverfront Park, and authorize the City to access and administer the funding. Entity Name: New Jersey Turnpike Authority Entity Address: 1 Turnpike Plaza, Woodbridge, New Jersey 07095-5042 Grant Amount: $3,000,000.00 Total Project Cost: Approximately $6,000,000.00, as estimated in the Escrow Agreement City Contribution: Not specified in the Escrow Agreement. Other Funding Source/Amount: Not specified in the Escrow Agreement. Funding Period: Subject to the terms of the Escrow Agreement and any written extension or approval issued by the New Jersey Department of Environmental Protection 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: NJTA Agreement No. 231-25. Funds are held by the escrow agent and disbursed subject to NJDEP approval.
What this record is
- Amount
- $6.00M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic and Housing Development
- Introduced
- September 3, 2026
- On agenda
- October 21, 2026
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