Dept/ Agency: Administration/Division of Central Purchasing Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Accepting a Gift Gift: Basic License Fee for the use of the Prudential Hall and ticketing services for the purpose of the 2026 State of the City Mayoral Address Purpose: To enter into and execute a Short Term License Agreement with New Jersey Performing Arts Center to use the Prudential Hall Theatre for the 2025 State of the City Mayoral Address. Entity Name: New Jersey Performing Arts Center (NJPAC) Corporation Entity Address: One Center Street, Newark, New Jersey 07102 Gift Value: $24,000.00 City Contribution: An Ancillary Service Fee in an amount not to exceed $60,000.00 Other Funding Source/Amount: $0.00 Contract Period: March 31, 2026 Additional Information: This Resolution authorizes the City, pursuant to N.J.S.A. 40A:5-29, to accept a gift of the basic license fee for the use of Prudential Hall ($22,500.00) and for ticketing services, which are valued at $1,500.00 The Short Term License Agreement is in an amount not to exceed $60,000.00, representing ancillary service fees.