Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Professional Services Contract Purpose: First Amendment to the Agreement to provide Professional Real Estate Appraisal Services, to increase the contract amount by $60,000.00. Entity Name: Hendricks Appraisal Company, LLC. Entity Address: 7 Hutton Avenue, West Orange, New Jersey 07052 Contract Amount: Not to exceed $80,000.00 Funding Source: Community and Economic Development Trust Fund Contract Period: January 1, 2025 through December 31, 2025 Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS (X) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: The Original Resolution 7R2-j adopted on January 8, 2025, awarded a contract in an amount not to exceed $20,000.00. The First Amendment increases the contract amount by $60,000.00 for a new contract amount not to exceed $80,000.00.