Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Professional Services Contract
Purpose: First Amended Contract to increase contract amount for Real Estate Title Search Services
Entity Name: Two Rivers Title Company, LLC.
Entity Address: 26 Ayers Lane, Suite 202, Little Silver, New Jersey 07739-1253
Contract Amount: Amount not to exceed $60,000.00
Funding Source: 2016-2017 Budget/Economic and Housing Development
Contract Period: One Year from the Notice to Proceed, dated January 9, 2017
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:
Resolution 7R2-i (S) adopted on November 29, 2016 awarded contract for $10,000.00; Amendment increases contract amount by $50,000.00, for a new total contract amount not to exceed $60,000.00.
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WHEREAS, the City of Newark, Department of Economic and Housing Development ("City") has determined that there is a need for professional services contracts for Real Estate Title Search Services; and
WHEREAS, Real Estate Title Search Services are professional services, exempt from the requirement for public bidding, pursuant to the Local Public Contracts Law, N.J.S.A. 40A:11-5(1)(a)(i); and
WHEREAS, the City of Newark caused to be published a Notice of Request for Qualifications (RFQ) for Real Estate Title Search Services on or about June 2, 2016; and
WHEREAS, the City of Newark by Resolution 7R2-i (S), adopted on November 29, 2016, awarded a contract to Two Rivers Title Company, LLC, 26 Ayers Lane, Suite 202, Little Silver, New Jersey 07739-1253, to provide Real Estate Title Search Services, in an amount not to exceed Ten Thousand Dollars and Zero Cents ($10,000.00), for the period of one year commencing from the date o...
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