Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Professional Services Contract
Purpose: First Amended Contract for Real Estate Appraisal Services
Entity Name: Value Research Group, LLC.
Entity Address: 301 Livingston Avenue, Suite 104, Livingston, New Jersey 07039
Contract Amount: Amount not to exceed $75,000.00
Funding Source: 2016-2017 City of Newark Budget, Economic and Housing Development
Contract Period: One Year from the Notice to Proceed issued on January 9, 2017
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP (X) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Resolution 7R2-g (s) adopted on November 29, 2016 awarded contract for $10,000.00; Amendment increases contract amount by $65,000.00, for a new total not to exceed $75,000.00.
body
WHEREAS, the City of Newark, Department of Economic and Housing Development ("City") has determined that there is a need for professional services contracts for 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 of Newark caused to be published a Notice of Request for Qualifications (RFQ) for Real Estate Appraisal Services on or about June 2, 2016; and
WHEREAS, the City of Newark by Resolution 7R2-g (S), adopted on November 29, 2016, awarded a contract to Value Research
Group, LLC, 301 Livingston Avenue, Suite 104, Livingston, New Jersey 07039, to provide Real Estate Appraisal Services, in an amount not to exceed Ten Thousand Dollars and Zero Cents ($10,000.00), for the period of one year commencing from the date of the Notice to Proceed; and
WHEREAS...
Click here for full text