Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Services Contract
Purpose: Real Estate Valuation Services
Entity Name (s) /Entity Address:
1. Value Research Group, LLC/ 301 South Livingston Avenue, Suite 104, Livingston, NJ 07039
2. ARD Appraisal Company/ 36 Brant Avenue, Clark, NJ 07066
3. Smith Appraisal/ 606 Bryant Street, Rahway, NJ 07065
Contract Amount: $300,000.00
Funding Source: City of Newark/ Economic & Housing Development
Contract Period: One (1) year from Notice to proceed
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
(X) Fair & Open ( ) No Reportable Contributions ( ) RFP (X) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information: N/A
Invitation: Economic & Housing Development Director, August 24, 2010