Title
Dept/ Agency: Administration/Office of the Business Administrator
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Accepting a Gift
Gift: Financial Consulting Services
Purpose: To provide professional consulting services related to the analysis of certain procedures and processes facilitating revenue collection for the City of Newark.
Entity Name: Deloitte Financial Advisory Services LLP
Entity Address: 1700 Market Street, Philadelphia, Pennsylvania 19103
Gift Value: $300,000.00
City Contribution: $0.00
Other Funding Source/Amount: Newark Alliance/$300,000.00
Period: For up to one (1) year from the effective date
Additional Information:
Newark Alliance, 60 Park Place, Suite 1800, Newark, New Jersey 07102
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WHEREAS, the Mayor and the City of Newark (hereinafter referred to as the "City") desire to leverage community relationship into opportunities for improving the City's fiscal condition; and
WHEREAS, Newark Alliance, a non-profit entity, 60 Park Place, Suite 1800, Newark, New Jersey 07102, has long supported the City of Newark with regard to finding creative solutions to address the City's challenges; and
WHEREAS, Newark Alliance has offered to engage Deloitte Financial Advisory Services LLP, 1700 Market Street, Philadelphia, Pennsylvania 19103 (hereinafter referred to as the "Consultant"), to provide professional consulting services to the City, with the Consultant fees and expenses fully paid by Newark Alliance, at no cost to the City, for the purpose of analyzing certain procedures and processes facilitating revenue collection; and
WHEREAS, Newark Alliance, has offered to fully pay the fees and expenses of the Consultant, as a gift to the City; and
WHEREAS, the City wishes to accept the gift from the Newark Alliance and the Consultant pursuant to N.J.S.A. 40A:5-29, for up to one (1) year from the effec...
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