Title
Dept/ Agency: Administration/Office of the Business Administrator
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Accepting a Gift
Gift: Basic License Fee for the use of the Prudential Hall, Parsonnet Room, and ticketing services for the purpose of the 2018 State of the City Mayoral Address
Purpose: This resolution authorizes the Mayor and/or his designee to execute the Short Term License Agreement with the New Jersey Performing Arts Center Corporation, One Center Street, Newark, New Jersey 07102, for ancillary services and the gift of the use of the Prudential Hall, Parsonnet Room, and Ticketing Services for the purpose of the 2018 State of the City Mayoral Address. The Ancillary Services fees shall not exceed $37,500.00 and the value of the gift of the Basic License Fee for the use of Prudential Hall, Parsonnet Room, and Ticketing Services is valued at $23,000.00.
Entity Name: New Jersey Performing Arts Center (NJPAC) Corporation
Entity Address: One Center Street, Newark, New Jersey 07102
Gift Value: $23,000.00
City Contribution: $37,500.00 for ancillary services fees. No municipal funds will be expended for the acceptance of this gift
Other Funding Source/Amount: N/A
Period: March 20, 2018
Additional Information:
body
WHEREAS, the Mayor of the City of Newark (the "City"), is desirous of holding the Mayor Ras J. Baraka's 2018 State of the City Address at the Prudential Hall Theatre, located in the New Jersey Performing Arts Center, on Tuesday, March 20, 2018; and
WHEREAS, the City must enter into a Short Term License Agreement for the use of the Prudential Hall Theatre and the Parsonnet Room at the New Jersey Performing Arts Center in the amount not to exceed $37,500.00, (Thirty-Seven Thousand Five Hundred Dollars and Zero Cents) representing ancillary service fees, which the City needs to pay to NJPAC no later than March 2, 2018; and
WHEREAS, the New Jersey Perf...
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