Title
Dept/ Agency: Administration/Division of Central Purchasing
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Competitive Contracting, pursuant to State and Local Public Contracts Law, N.J.S.A. 40A:11-4.1(p), the competitive contracting process may be used for reassessment or revaluation services
Purpose: To provide revaluation of all real property in the City of Newark.
Entity Name(s)/Address(s): Appraisal Systems, Inc., 264 South Street, Building 2, Suite 1B, Morristown, New Jersey 07960
Contract Amount: Not to exceed $6,070,000.00
Funding Source: 2024 Budget/Department of Finance, Division of Assessment/NW011-050-0510-71280-B2024
Contract Period: To be established for a period not exceed twenty-four (24) consecutive months upon Municipal Council approval
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
To provide revaluation of all real property in the City of Newark.
Advertisement: February 27, 2024
Bids Downloaded: Twelve (12)
Bids Received: Two (2)
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Whereas, on March 26, 2019, the Essex County Board of Taxation (the "Tax Board") ordered the City of Newark (the "City") to perform a revaluation pursuant to N.J.A.C. 18:12A-1.14, approved by the New Jersey Division of Taxation and effective for Tax Year 2023 based on values as of October 1, 2022; and
Whereas, the COVID-19 Pandemic (the "Pandemic") significantly and adversely impacted the City's ability to prepare and perform a revaluation by 2023; and
Whereas, on October 2, 2023, the Tax Board resolved that the City of Newark undertake the requisite action to bring about the completion and implementation of the district-wide revaluation for the City for the year 2027; and
Whereas, pursuant to NJSA 40A:11-4.1(p), the competitive con...
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