Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Services Contract
Purpose: An agreement to provide title search and review of properties in the 2018 In Rem Foreclosures
Entity Name: Action Title Research, LLC
Entity Address: 611 Route 46 West, Suite 103, Hasbrouck Heights, New Jersey 07604
Contract Amount: Not to exceed $116,000.00
Funding Source: 2018 Budget/Law Department
Contract Period: One (1) year from issuance of a Notice to Proceed
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( X ) Non-Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
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WHEREAS, the City of Newark, Department of Law ("City") has determined that there is a need for Professional Service contracts for Title Searches, Review and Report of Properties on the City of Newark's, 2018 In Rem Tax Foreclosure List. Title review of these properties is necessary in order to commence In Rem Foreclosure proceedings in the Superior Court of New Jersey; and
WHEREAS, the Mayor and the Corporation Counsel desire to contract with a vendor who has exhibited the necessary qualifications and capacity to meet the needs of the City in connection with the 2018 In Rem Tax Foreclosure proceedings and which is willing to provide the specified services at mutually agreeable prices; and
WHEREAS, the above-referenced Professional Services for Title Searches, Review and Report of Properties are exempt from the public bidding requirements of the Local Public Contracts Law, pursuant to N.J.S.A. 40A:11-5(1)(a)(i), because these services are to be rendered by a person (or persons) authorized by law to practice a recognized profession, whose practice is regulated by law, and the performance of which services requires knowledge of an advanced type in a field of learning acquired b...
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