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, Parsonnet Room, and ticketing services for the purpose of the 2023 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 and the Parsonnet Room for the 2023 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: $15,500.00 City Contribution: An Ancillary Service Fee in an amount not to exceed $60,000.00 Other Funding Source/Amount: $0.00 Contract Period: Tuesday, April 18, 2023 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, Parsonnet Room, and ticketing services, which is valued at $15,500.00. 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.