Title
Dept/ Agency: Law
Action: ( X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Services Contract
Purpose: Title Record and Corporate Name and Related Searches for Properties on the In Rem Tax Foreclosure List
Entity Name: Prestige Title Agency, Inc.
Entity Address: 130 Bloomfield Avenue, Verona, New Jersey 07044
Contract Amount: Not to exceed $300,000.00
Funding Source: 2014 City Budget
Contract Period: One year period commencing on May 1, 2014 and terminating on April 30, 2015
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( ) Fair & Open ( X ) 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 services contracts for Title Record and Corporate Name and Related Searches for Properties on the In Rem Tax Foreclosure List, in order to commence In Rem Foreclosure proceedings in the Superior Court of New Jersey; and
WHEREAS, on or about January 28, 2014, the City posted its Request for Qualifications on the City of Newark website and sent facsimile copies of the notice to area title companies; and
WHEREAS, as of February 11, 2014, the closing date () for the submission of responses to the Request for Qualifications, the City received no (zero) responses from prospective vendors; and
WHEREAS, the Corporation Counsel is desirous of entering into a contract with a vendor who has the necessary qualifications and capacity to meet the needs of the City in connection with the In Rem Tax Foreclosure proceedings and which is willing to provide the specified services at mutually agreeable prices; and
WHEREAS, in furtherance of the City's 2011 In Rem Foreclosure proceeding, the City employed Prestige Title Agency, Inc., Glen Eagle ...
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