Title
Dept/ Agency: Law
Action: (X ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Services Contract
Purpose: To provide Bond Counsel Legal Services.
Entity Name: DeCotiis, Fitzpatrick, Cole & Giblin, LLP
Entity Address: 500 Frank W. Burr Blvd., Ste. 31, Teaneck, New Jersey 07666
Contract Amount: Not to exceed $200,000.00
Funding Source: City of Newark Bond Note Proceeds
Contract Period: January 1, 2020 through December 31, 2020
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:
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WHEREAS, the City of Newark as the largest municipality in the State of New Jersey faces novel issues on a daily basis and has a need to acquire Bond Counsel Legal Services; and
WHEREAS, DeCotiis, Fitzpatrick, Cole & Giblin, LLP ("DeCotiis"), a law firm with a diverse practice and specific expertise in issues involving municipal government, submitted a proposal to provide Bond Counsel Legal Services and it was found to be in the interest of the City of Newark to accept the proposal for the purpose of providing Bond Counsel Legal Services; and
WHEREAS, the Mayor and the Corporation Counsel wish to enter into a contract with DeCotiis to provide Bond Counsel Legal Services in an amount not to exceed $200,000.00, for the period of January 1, 2020 through December 31, 2020; and
WHEREAS, the Mayor and Corporation Counsel wishes to enforce Ordinance 6PSF-a March 16, 2016 and its amending Ordinance 6PSF-c May 10, 2018, which provides for the use of the redevelopment escrow fees paid by developers to defray the various costs, such as those associated with Redevelopment Area Bonds (RAB), incurred by the City of Newark for redevelopment projects; and
WHEREAS, the Corpor...
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