Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Bid Contract Purpose: Demolition and Asbestos Abatement of Buildings J and K at Former Orbis Site, 55 Virginia Street, Newark, New Jersey 07114 Entity Name: Tricon Enterprises, Inc. Entity Address: 322 Beers Street, Keyport, New Jersey 07735-1418 Contract Amount: $505,150.00 Funding Source: City of Newark Budget, Department of Economic & Housing Development Contract Period: 7 Months from date of issuance of Notice to Proceed Contract Basis: (X) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Bids Received: 5