17-10

17-10 January 19, 2010 PROFESSIONAL SERVICES AGREEMENT THIS AGREEMENT is made this first day of January, 2010; By and between the Township of West Orange ("Township") and Benecke Economics, Economic Development, Planning and Financial Management Consultants with office at 250 Moonachie Road, Moonachie, New Jersey, with Robert L. Benecke being the Principal assigned to the Township ("Benecke"): WHEREAS, the Township is continually exploring the potential of rehabilitating and redeveloping certain areas of the Township; and WHEREAS, the purpose of exploring such rehabilitation and redevelopment areas is to enhance the economic value and improve the physical characteristics of the Township so that all Township residents will benefit; and WHEREAS, it is necessary for the Township to obtain professional economic, financial and redevelopment advice so as to formulate strategies to accomplish the redevelopment and revitalization of the Township; and WHEREAS, Benecke is an expert in the fields of public finance and redevelopment, and its principal Robert L. Benecke is a New Jersey licensed finance officer; and WHEREAS, the Township desires to engage Benecke as an independent consultant to manage the financial and economic aspects of the Township's redevelopment efforts and, further, the Township desires to engage Benecke to provide economic and financial advice to develop financial strategies to increase the economic value of the Township so as to enhance the quality of life for all residents. NOW, THEREFORE, in consideration of the mutual promises and agreements made hereinafter, the parties agree as follows: Section 1. Scope of Services. a. Benecke shall provide independent expert financial advice and economic strategies to the Township, respecting the prospective redevelopment plans of the Township. This shall include an economic analysis of the recent New Jersey PILOT legislation and its potential impact on the Township of West Orange and the proposed downtown redevelopment project(s). b. Benecke shall evaluate, in writing, any and all economic issues related to redevelopment as requested by the Township. c. Benecke shall attend meetings with Township officials, planning officials, and other interested parties. d. Benecke shall assist and coordinate the preparation of, or prepare, redevelopment plan documents relating to all financial issues, including Council

lanning officials, and other interested parties. d. Benecke shall assist and coordinate the preparation of, or prepare, redevelopment plan documents relating to all financial issues, including Council Resolutions and Ordinances, and potential redevelopment project proposals and outlines. e. Benecke may be required to make public presentation(s) regarding the redevelopment plans of the Township. f. Benecke shall provide such written reports as requested by the Township respecting the progress of the redevelopment plans of the Township, particularly relating to the financial impact of the projects being considered, and may be required to provide additional written reports as required by the Township.