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 purposes of the 2025 State of the City Mayoral Address. Purpose: To accept a gift and execute a Short Term License Agreement with New Jersey Performing Arts Center Corporation, for use of the Prudential Hall Theatre and Parsonnet Room, valued at $15,000.00 and gift fee for ticketing services, a gift valued at $1,500.00, for a total combined gift of $16,500.00, and total amount not to exceed $60,000.00, 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: $16,500.00 City Contribution: An Ancillary Service Fee in an amount not to exceed $60,000.00 Other Funding Source/Amount: $0.00 Contract Period: April 17, 2025 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 and ticketing services, which is valued at $16,500.00. The Short Term License Agreement is in an amount not to exceed $60,000.00, representing ancillary service fees. No municipal funds will be expended for the acceptance of this gift.