Authorization for 2026 Inauguration Venue Agreement

Original title: Dept/ Agency: Offices of Municipal Council/City Clerk Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Accepting a Gift and License Agreement Gift: Waiver of the basic license fee in the amount of $29,500.00 for the use of the Prudential Hall Theater and the Victoria Theater for the 2026 Inauguration/Organization Meeting (“Event”). Purpose: To accept the $29,500.00 gift and to authorize the execution of a Short Term License Agreement with the New Jersey Performing Arts Center Corporation for ancillary services in connection with the use of Prudential Hall Theatre, the Victoria Theater, the Parsonnet Room, Green Room and the Jacqua Lounge.The estimated amount of the ancillary fees is $57,500.00. Entity Name: New Jersey Performing Arts Center Corporation (NJPAC Corporation) Entity Address: One Center Street, Newark, New Jersey 07102 Gift Value: $29,500.00 City Contribution: N/A Other Funding Source/Amount: $0.00 Contract Period: Date of Authorizing Resolution through the holding of the Event, currently schedule for Wednesday, July 1, 2026 Additional Information: No municipal funds will be expended for the acceptance of the gift.