Title
Dept/ Agency: Law
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Services Contract
Purpose: To provide Real Estate Appraisal Services for Litigation Tax Matters.
Entity Name: Appraisal Consultants Corp.
Entity Address: 293 Eisenhower Parkway, Suite 180, Livingston, New Jersey 07039
Contract Amount: Not to exceed $100,000.00
Funding Source: 2023 Budget/Law Department
Contract Period: July 1, 2023 through June 30, 2024
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( ) Fair & Open (X) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Deferred 7R6-u 122023
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WHEREAS, the City of Newark (the "City") is involved in ongoing Tax Litigation Matters and other Legal Matters that require Real Estate Appraisal Services; and
WHEREAS, Real Estate Appraisal Services are Professional Services, exempt from the requirement for public bidding, pursuant to the Local Public Contracts Law, N.J.S.A. 40A:11-5(1)(a)(i); and
WHEREAS, the City wishes to enter into a contract with Appraisal Consultants Corp. to provide Real Estate Appraisal Services concerning Litigation Tax Matters, in an amount not to exceed One Hundred Thousand Dollars and Zero Cents ($100,000.00), for the period of July 1, 2023 through June 30, 2024; and
WHEREAS, this contract is awarded without competitive bidding as an exception to public bidding pursuant to N.J.S.A. 40A:11-5(1)(a)(i), Professional Services; and
WHEREAS, Local Public Contracts Law (N.J.S.A. 40A:11-1, et seq.) requires a resolution of the Governing Body authorizing the award of contracts for Professional Services and further requires that the contract itself must be available for public inspection; and
WHEREAS, the actions contemplated by this resolution shall result in the award of a contract f...
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