Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing (X) Amending
Type of Service: Professional Services Contract
Purpose: First amendment to increase contract amount for Real Estate Appraisal Services
Entity Name: ARD Appraisal Company
Entity Address: 36 Brant Avenue, Clark, New Jersey 07066
Contract Amount: Amount not to exceed $75,000.00
Funding Source: 2016-2017 Budget/ Economic and Housing Development
Contract Period: One Year from the date of the Notice to Proceed issued and effective 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-c adopted on December 7, 2016 awarded contract for $10,000.00; First Amendment increases contract amount by $65,000.00, for a new total Contract amount not to exceed $75,000.00.
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WHEREAS, the City of Newark, Department of Economic and Housing Development ("City") has determined that there is a need for professional services contracts for the 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-c, adopted on December 7, 2016, awarded a contract to ARD Appraisal Company,
36 Brant Avenue, Clark, New Jersey 07066, 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 a Notice to Proceed; and
WHEREAS, the Notice to Proceed...
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