Title
Dept/ Agency: Offices of Municipal Council/City Clerk
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Accepting a Gift and License Agreement
Gift: To waive the License Facility Renting Fees for the use of the Prudential Hall Theater and the Victoria Theater for the 2022 Inauguration/Organization Meeting.
Purpose: To accept a gift and enter into and execute a Short Term License Agreement with the New Jersey Performing Arts Center Corporation, for the use of Prudential Hall Theatre, the Victoria Theater, the Parsonnet Room, Green Room and the Jacqua Lounge for the estimated ancillary service fees of $53,500.00, for the 2022 Inauguration/Organizational Meeting. Accepting a gift of the License Facility Rental Fees, a gift valued at $21,500.00.
Entity Name: New Jersey Performing Arts Center Corporation (NJPAC)
Entity Address: One Center Street, Newark, New Jersey 07102
Gift Value: $21,500.00
City Contribution: Ancillary Service Fees in the amount of $53,500.00
Other Funding Source/Amount: $0.00
Contract Period: Friday, July 1, 2022
Additional Information:
The gift is valued at $21,500.00, waiving the license facility rental fees.
No municipal funds will be expended for the acceptance of this gift.
The ancillary service fees are estimated in the amount of $53,500.00.
body
WHEREAS, the Governing Body of the City of Newark (the "City"), is desirous of holding the 2022 Inauguration/Organizational Meeting at the Prudential Hall Theatre, the Victoria Theater, the Parsonnet Room, Green Room and the Jacqua Lounge located in the New Jersey Performing Arts Center Corporation (the "NJPAC" or "Licensed Facility"), on Friday, July 1, 2022; and
WHEREAS, the New Jersey Performing Arts Center Corporation, a New Jersey not-for-profit corporation, having an office at One Center Street, Newark, New Jersey 07102 through negotiation, has offered to waive the License Facility Rent...
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