Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: EUS Contract
Purpose: Vendor and Administrator of the Shop Newark Buy Local Property Tax Rebate Program
Entity Name: FinCredit, Inc.
Entity Address: 98 Conover Road, P.O. Box 43, Marlboro, New Jersey 07746
Contract Amount: Compensation to the vendor is based upon the participation of the Newark-based businesses, and their patrons, in the Shop Newark Buy Local Property Tax Rebate Program
Funding Source: N/A
Contract Period: Twenty-Four (24) months from the date of the Notice to Proceed from the Deputy Mayor/Director of Economic and Housing Development
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. (X) EUS
( ) Fair & Open (X) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
body
WHEREAS, the Newark Municipal Council desires to stimulate local commerce in the City by encouraging the patronage of Newark-based businesses by local residents; and
WHEREAS, on December 21, 2016, the Newark Municipal Council approved the creation of the Shop Newark Buy Local Property Tax Rebate Program, by Ordinance 6PSF-C; and
WHEREAS, under Local Public Contracts Law, N.J.S.A. 40A:11-1 et seq. (the "LPCL"), a municipality may enter into a contract for the performance of services without competitive public bidding if the services being procured qualify as Extraordinary Unspecifiable Services; and
WHEREAS, the services necessary to implement and perform the Shop Newark Buy Local Property Tax Rebate Program qualify as Extraordinary Unspecifiable Services pursuant to N.J.S.A 40A:11-5(1)(a)(ii) because the services to be provided are of a specialized and qualitative nature requiring expertise, extensive training, specific compute...
Click here for full text