Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Professional Service Contract
Purpose: Formulate Zone Development Plan
Entity Name: Heyer, Gruel & Associates, P.A.
Entity Address: 236 Broad Street, Red Bank, New Jersey 07701
Contract Amount: $125,000.00
Funding Source: UEZ Funds
Contract Period: February 2025 to July 2026
Contract Basis: ( ) Bid ( ) State Vendor (X ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions (X ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Resolution authorizing the zone development corporation to award a contract for consulting in formulating the update to the zone development plan as required by the Urban Enterprise Zones Act
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WHEREAS, on August 15, 1983, the State of New Jersey enacted the New Jersey Urban Enterprise Zones Act, N.J.S.A. 52:27H-60 et seq. (the "Act") to foster an economic climate that revitalizes designated urban communities and stimulates their growth by encouraging businesses to develop and create private sector jobs through public and private investment; and
WHEREAS, pursuant to N.J.S.A. 52:27H-67, and Ordinance 6PSF-b adopted on June 24, 2020, the City designated Invest Newark, A NJ Nonprofit Corporation (and/or its predecessors-in-interest) as the "Zone Development Corporation" for the purpose of operating, administrating, managing, and monitoring the City's Urban Enterprise Zone Program and the "Zone Assistance Funds" derived therefrom; and
WHEREAS, pursuant to N.J.S.A. 52:27H-68 "For a municipality with a zone development plan that was approved more than five years prior to the effective date of P.L. 2021, c. 197, the governing body of the municipality shall submit an updated preliminary zone development plan[;]" and
WHEREAS, in accordance with N.J.S.A. 52:27H-68 b. (1), "the Governing Body of a municipali...
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