Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Services Contract
Purpose: Real Estate Valuation Services
Entity Name: Smith Appraisal Company
Entity Address: 606 Bryant Street, Rahway, New Jersey 07065
Contract Amount: $40,000.00
Funding Source: City of Newark/Economic & Housing Development
Contract Period: From date of Notice to Proceed for a period not to exceed 12 months
Contract Basis: ( ) Bid ( ) State Vendor ( X ) Prof. Ser. ( ) EUS
( X ) Fair & Open ( ) No Reportable Contributions ( X ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
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WHEREAS, the City of Newark has a need to acquire Real Estate Valuation Services pursuant to the provisions of N.J.S.A. 19:44A-20.5 for the purpose of valuating numerous properties on the City’s abandoned property list, in compliance with the standards set forth in N.J.S.A.55:19-102; and
WHEREAS, the performance of these services require knowledge of an advanced type in a field of learning pursuant to N.J.S.A. 40A: 11-2(6); and
WHEREAS, on September 27, 2011, the City of Newark, Department of Economic and Housing Development publicly advertised a Request for Proposals (RFP) for said Real Estate Valuation Services; and
WHEREAS, on October 5, 2011, three (3) firms responded by submitting Proposal packages in accordance with Local Unit Pay-to-Play Law, N.J.S.A. 19:44A-20.5 et seq.; and the Local Public Contracts Law, N.J.S.A. 40A:11-5 (1) (a)(i) et seq.; and
WHEREAS, based on the review and the recommendation by the selection committee, composed of personnel from the Department of Economic and Housing Development, the Deputy Mayor/Director of the Department of Economic and Housing Development determined that it is in the best interest of the City of Newark to award the contract to Smit...
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