Dept/ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Professional Services Contract Purpose: First amendment to increase contract amount for Real Estate Appraisal Services Entity Name: ARD Appraisal Company Entity Address: 36 Brant Avenue, Clark, New Jersey 07066 Contract Amount: Amount not to exceed $75,000.00 Funding Source: 2016-2017 Budget/ Economic and Housing Development Contract Period: One Year from the date of the Notice to Proceed issued and effective 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-c adopted on December 7, 2016 awarded contract for $10,000.00; First Amendment increases contract amount by $65,000.00, for a new total Contract amount not to exceed $75,000.00.