File #: 15-1679    Version: 1 Name: Electronic Tax Sale Pilot Program
Type: Resolution Status: Returned to Administration
File created: 8/31/2015 In control: Finance
On agenda: 10/21/2015 Final action: 11/5/2015
Title: Dept/ Agency: Finance Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Professional Service Contract Purpose: Electronic Tax Sales Entity Name: R.O.K Industries, Inc. d/b/a NJTAX Lien Investors.com/RealAuction.com LLC. Entity Address: 306 Harlingen Road, Belle Mead, New Jersey 08502-5309 Contract Amount: $150,000.00 Funding Source: 2015 Temporary Budget Contract Period: June 19, 2015 through June 18, 2016 Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Contract is being awarded as non-fair and open as Vendor is the only one authorized by the Division of Local Government Services to offer this service within the State of New Jersey. Partial Certification of Funds $81,843.00 Deferred 7R5-b 102115
Related files: 15-2076, 15-2243
Title
Dept/ Agency: Finance
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Service Contract
Purpose: Electronic Tax Sales
Entity Name: R.O.K Industries, Inc. d/b/a NJTAX Lien Investors.com/RealAuction.com LLC.
Entity Address: 306 Harlingen Road, Belle Mead, New Jersey 08502-5309
Contract Amount: $150,000.00
Funding Source: 2015 Temporary Budget
Contract Period: June 19, 2015 through June 18, 2016
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Contract is being awarded as non-fair and open as Vendor is the only one authorized by the Division of Local Government Services to offer this service within the State of New Jersey.
Partial Certification of Funds $81,843.00
Deferred 7R5-b 102115
body

WHEREAS, N.J.S.A. 54:5-19.1 authorizes electronic tax sales pursuant to rules and regulations to be promulgated by the Director of the Division of Local Government Services, (hereinafter referred to as "the Division") and

WHEREAS, the Director of the Division of Local Government Services has promulgated rules and regulations for pilot programs, and

WHEREAS, the Director of the Division of Local Government Services has approved R.O.K Industries, d/b/a NJ Tax Lien Investors/RealAuction.com LLC. to conduct pilot programs, and

WHEREAS, on June 17, 2015, the City of Newark adopted Resolution 7R5-a 061715 for participation in the pilot program for an Electronic Tax Sale, and

WHEREAS, an Electronic Tax Sale is innovative and provides a greater pool of potential lien buyers, thus creating the environment for a more complete tax sale process, and

WHEREAS, the City of Newark has received provisional approval from the Division of Local Government Services to pa...

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