Dept/ Agency: Administration/Office of the Business Administrator Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Accepting a Gift and License Agreement Gift: Basic License Fee for the use of the Prudential Hall, Parsonnet Room, and ticketing services for the purpose of the 2021 State of the City Mayoral Address. Purpose: To accept a gift and execute short term license agreement with the New Jersey Performing Arts Center Corporation, for the use of Prudential Hall Theatre and the Parsonnet Room, valued at $14,000.00 and gift fee for ticketing services, a gift valued at $1,500.00 to be held on Tuesday, October 26, 2021, for a total combined gift of $15,500.00 and total amount not to exceed $60,000.00. Entity Name: New Jersey Performing Arts Center Corporation (NJPAC) Entity Address: One Center Street, Newark, New Jersey 07102 Gift Value: $15,500.00 City Contribution: Ancillary Service Fees in the amount of $60,000.00. Other Funding Source/Amount: $0.00 Contract Period: October 26, 2021 Additional Information: No municipal funds will be expended for the acceptance of this gift.