Asbury Park Municipal Council Agenda May 8 2024
Pimco LLC Awarded Three-Year Beach Rental Concession
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Description
Pimco, LLC awarded a three-year contract for seasonal rental of umbrellas and beach chairs on Asbury Park beaches, with payments escalating from $20,100 in 2024 to $22,100 in 2026 and extension options through 2028.
Contract Details
Contract Amount
2024: $20,100; 2025: $21,100; 2026: $22,100 (option for 2027: $23,100; 2028: $24,100)
Vendor
PIMCO LLC
Agency
City of Asbury Park, NJ
Contract Type
OTHER
Document Date
May 8, 2024
Contract Term
May–September 2024, 2025, 2026 (renewable for up to 2 years)
Renewal Date
2026-09-15
Renewal Info
Initial term 2024-2026; up to two 1-year extensions available by mutual agreement, not to exceed September 2028.
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