Dept/ Agency: Administration/Office of Management & Budget Action: ( X ) Ratifying (X) Authorizing ( ) Amending Type of Service: Proprietary Software/Hardware Maintenance Contract Purpose: Maintenance, Support and Upgrade of complex hardware and software services in connection with the customized T-1 Time Systems Entity Name: Time Systems International, Inc. Entity Address: 142 South Van Brunt Street, Englewood, New Jersey 07631 Contract Amount: $150,000.00 Funding Source: City of Newark Budget/Office of Management and Budget Contract Period: January 18, 2012 through January 17, 2013 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( X ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Contract Basis: Local Public Contract Law N.J.S.A. 40A:11-2(39) and N.J.S.A. 40A:11-5(1)(dd)