Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Professional Services Contract Purpose: First Amended Contract for Real Estate Appraisal Services Entity Name: Value Research Group, LLC. Entity Address: 301 Livingston Avenue, Suite 104, Livingston, New Jersey 07039 Contract Amount: Amount not to exceed $75,000.00 Funding Source: 2016-2017 City of Newark Budget, Economic and Housing Development Contract Period: One Year from the Notice to Proceed issued on January 9, 2017 Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP (X) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Resolution 7R2-g (s) adopted on November 29, 2016 awarded contract for $10,000.00; Amendment increases contract amount by $65,000.00, for a new total not to exceed $75,000.00.