Dept/ Agency: Economic and Housing Development Action: () Ratifying (X) Authorizing ( ) Amending Type of Service: Professional Services Contract Purpose: Provide 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 $10,000.00 Funding Source: 2016 City of Newark Budget, Economic and Housing Development Contract Period: One Year from a Notice to Proceed Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS (X) Fair & Open ( ) No Reportable Contributions ( ) RFP (X) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Three (3) proposals were picked up Two (2) proposals received