Title
Dept/ Agency: Administration/Office of the Business Administrator
Action: ( ) Ratifying (X) Authorizing (X ) Amending
Type of Service: Accepting a 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
Period: July 1, 2014 through March 31, 2015
Additional Information:
Originating Resolution 7R1-a(S) 072114; File #14-1047
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, since the transition to the administration of Mayor Ras J. Baraka, the City of Newark (the "City") has requested and received pro bono assistance from numerous businesses and corporate citizens, Prudential Financial, Inc., in the form of advisory services and other related support; and
WHEREAS, on or about July 21, 2014, the Newark Municipal Council passed Resolution 7R1-a(S), which authorized the Mayor and/or his designee, the Assistant Business Administrator to enter into a consulting services agreement (the "Consulting Services Agreement") with Prudential Financial, Inc., of 751 Broad Street, Newark, New Jersey 07102; and
WHEREAS, under the consulting services agreement, effective as of July 1, 2014, Prudential Financial, Inc. has been providing strategic consulting services (the "Services"), through Christopher S. Cooper, to the City at no cost in order to advance the City's goal of efficiently operating all municipal departments; and
WHEREAS, the term of the C...
Click here for full text