Dept/ Agency: Offices of Municipal Council/City Clerk Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Accepting a Gift and License Agreement Gift: To waive the License Facility Renting Fees for the use of the Prudential Hall Theater and the Victoria Theater for the 2022 Inauguration/Organization Meeting. Purpose: To accept a gift and enter into and execute a Short Term License Agreement with the New Jersey Performing Arts Center Corporation, for the use of Prudential Hall Theatre, the Victoria Theater, the Parsonnet Room, Green Room and the Jacqua Lounge for the estimated ancillary service fees of $53,500.00, for the 2022 Inauguration/Organizational Meeting. Accepting a gift of the License Facility Rental Fees, a gift valued at $21,500.00. Entity Name: New Jersey Performing Arts Center Corporation (NJPAC) Entity Address: One Center Street, Newark, New Jersey 07102 Gift Value: $21,500.00 City Contribution: Ancillary Service Fees in the amount of $53,500.00 Other Funding Source/Amount: $0.00 Contract Period: Friday, July 1, 2022 Additional Information: The gift is valued at $21,500.00, waiving the license facility rental fees. No municipal funds will be expended for the acceptance of this gift. The ancillary service fees are estimated in the amount of $53,500.00.