Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Services Contract - Title Searches and Review
Purpose: To provide title searches, review and report of properties in the 2019 In Rem Tax Foreclosures, 2019 In Rem Re-Foreclosure, and other unrelated miscellaneous title work that may arise during the term of the contract.
Entity Name: Action Title Research, LLC
Entity Address: 611 Route 46 W., Suite 103, Hasbrouck Heights, New Jersey, 07064
Contract Amount: Not to exceed $116,000.00
Funding Source: 2019 Budget/Law Department
Contract Period: One (1) year from the date of the issuance of Notice to Proceed
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( ) Fair & Open (X) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
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WHEREAS, the City of Newark, Department of Law ("City") has determined that there is a need for Professional Services contracts for Title Searches, Review and Report of Properties in the City of Newark's, 2019 In Rem Tax Foreclosure, 2019 In Rem Re-Foreclosure, and other unrelated miscellaneous title work that may arise during the term of the contract. Title review of these properties is necessary in order to commence all of the City's In Rem Foreclosure proceedings in the Superior Court of New Jersey; and
WHEREAS, the Mayor and the Corporation Counsel desire to enter into contract with a vendor who has exhibited the necessary qualifications and capacity to meet the needs of the City in connection with the 2019 In Rem Tax Foreclosure, Re-Foreclosure proceedings and unrelated title work that may come up during the term of the contract, and which are willing to provide the specified services at mutually agreeable prices; and
WHEREAS, the services to be provided are Professional Services pursuant to N.J.S.A. 40A:11-5(1)(...
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