ADDENDUM NO. 1 TO JERSEY CITY REDEVELOPMENT AGENCY REQUEST FOR QUALIFICATIONS FOR REDEVELOPMENT SPECIAL COUNSEL SERVICES NOVEMBER 16, 2023

ADDENDUM NO. 1

TO

JERSEY CITY REDEVELOPMENT AGENCY

REQUEST FOR QUALIFICATIONS

FOR Redevelopment Special Counsel Services

November 16, 2023

TO:     POTENTIAL RESPONDENTS

This Addendum No. 1 is to amend and supplement the Jersey City Redevelopment Agency’s (the “JCRA”) Request for Qualifications for Redevelopment Special Counsel Services (the “RFQ”).  The Respondent shall acknowledge receipt of this Addendum No. 1 on the Acknowledgement of Receipt of Addenda Form, which is to be included as part of the RFQ submission package.

Potential Bidders are advised that:

The Purpose of the Request of the RFQ on page 2 is amended to read as follows: “The billing would be at $200.00 per hour rate and for a sum not to exceed a specified amount to be determined by the Agency on a case by case basis. The Agency and the qualified respondent with regard to matters paid from private escrow accounts involving redevelopers or prospective redevelopers may negotiate a rate above the $200.00/hour Agency rate.  The Agency may also negotiate alternative fee arrangements for matters involving bond counsel related services.