Title
Dept/ Agency: Department of Administration
Action: (X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Accepting a Donation/Gift
Gift: Strategic Consulting Services
Purpose: To provide the City of Newark with pro bono strategic consulting services.
Entity Name: Prudential Financial, Inc.
Entity Address: 751 Broad Street, Newark, New Jersey 07102
Gift Value: Unspecifiable
City Contribution: No cost to the City of Newark
Other Funding Source/Amount: N/A
Contract Period: July 1, 2014 through December 31, 2014
Additional Information:
Strategic Consulting Services will be provided, through Christopher S. Cooper, as a donation/gift, and Prudential Financial Inc., expects nothing in return, and will receive nothing in return from the City of Newark, New Jersey.
No Municipal Funds are required and/or expected.
body
WHEREAS, in connection with the transition to the administration of Mayor Ras J. Baraka, the City of Newark has requested and received pro bono assistance from numerous businesses and corporate citizens in the form of advisory services and other related support; and
WHEREAS, in order to advance the City's goal of efficiently operating all municipal departments, Prudential Financial, Inc., 751 Broad Street, Newark, New Jersey 07102, has also seen it fit to, like other corporate citizens, provide the City of Newark with pro bono strategic consulting services and intends to provide such services, through Christopher S. Cooper, and an Administrative Assistant; and
WHEREAS, Prudential Financial, Inc., agrees to donate the above services as a gift and expects nothing in return, and will receive nothing in return; and
WHEREAS, the City of Newark wishes to accept this gift pursuant to N.J.S.A. 40A:5-29.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, T...
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