Dept/ Agency: Administration/Office of the Business Administrator 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 2018 State of the City Mayoral Address Purpose: This resolution authorizes the Mayor and/or his designee to execute the Short Term License Agreement with the New Jersey Performing Arts Center Corporation, One Center Street, Newark, New Jersey 07102, for ancillary services and the gift of the use of the Prudential Hall, Parsonnet Room, and Ticketing Services for the purpose of the 2018 State of the City Mayoral Address. The Ancillary Services fees shall not exceed $37,500.00 and the value of the gift of the Basic License Fee for the use of Prudential Hall, Parsonnet Room, and Ticketing Services is valued at $23,000.00. Entity Name: New Jersey Performing Arts Center (NJPAC) Corporation Entity Address: One Center Street, Newark, New Jersey 07102 Gift Value: $23,000.00 City Contribution: $37,500.00 for ancillary services fees. No municipal funds will be expended for the acceptance of this gift Other Funding Source/Amount: N/A Period: March 20, 2018 Additional Information: