Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Services Contract
Purpose: Provide Real Estate Appraisal Services
Entity Name: Hendricks Appraisal Company, LLC
Entity Address: 7 Hutton Avenue, West Orange, New Jersey 07052
Contract Amount: Amount not to exceed $20,000.00
Funding Source: 2024 Budget/Department of Economic and Housing Development/NW026, Account #32100, B2024
Contract Period: January 1, 2025 through December 31, 2025
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:
body
WHEREAS, the City of Newark, Department of Economic and Housing Development ("City") has determined that there is a need for professional services contracts for the Real Estate Appraisal Services; and
WHEREAS, real estate appraisal 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 Appraisal Services on or about October 17, 2024; and
WHEREAS, the City received a total of one (1) response to its request by the RFQ due date of October 31, 2024; and
WHEREAS, Hendricks Appraisal Company, LLC, 7 Hutton Avenue, West Orange, New Jersey 07052, submitted a response to the RFQ and it was found, based upon price and other factors, to be in the best interest of the City of Newark to enter into a contract for the purpose of providing Real Estate Appraisal Services; and
WHEREAS, the City of Newark wishes to enter into a new contract with Hendricks Appraisal Company, LLC, 7 Hutton Avenue, West Orange, New Jersey 07052, to provide...
Click here for full text