FACILITIESAPPROVED

Township of Millburn Awards Facilities Contract to Rpm Development Llc (July 2026)

Millburn Township authorized a tax exemption and Payment in Lieu of Taxes agreement with RPM Development, LLC for a downtown mixed-income housing project, including conveyance of Township-owned land and an estimated $21.85 million gap subsidy. The Financial Agreement will support a 93-unit development with 75 affordable rentals under New Jersey HMFA statutes.

Status
APPROVED
Document date
July 29, 2026
Contract type
FACILITIES
Vendor
Rpm Development Llc
Agency
Township of Millburn · NJ

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
One Dollar ($1.00) for land conveyance; Gap Subsidy estimated at $21,850,000; Closing Payment of $1,750,000; reimbursement of out-of-pocket costs estimated at $525,000
Contract type
FACILITIES
Contract term
Affordable housing deed restrictions for at least 30 years (up to 40 years if required); PILOT term per HMFA statute not specified here
Renewal
Affordable housing units will be deed-restricted for at least 30 years (extended to 40 years if tax credit rules require), with a long-term PILOT under HMFA; specific PILOT renewal or extension options are not detailed in this document.
Document type
Agenda
Source document
Millburn Township Committee Special Meeting Agenda 2026-07-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Township of Millburn?

Rpm Development Llc was awarded this facilities contract by Township of Millburn, as recorded on July 29, 2026. The contract value is One Dollar ($1.00) for land conveyance; Gap Subsidy estimated at $21,850,000; Closing Payment of $1,750,000; reimbursement of out-of-pocket costs estimated at $525,000.

How much is the Rpm Development Llc contract with Township of Millburn worth?

The Rpm Development Llc contract with Township of Millburn is valued at One Dollar ($1.00) for land conveyance; Gap Subsidy estimated at $21,850,000; Closing Payment of $1,750,000; reimbursement of out-of-pocket costs estimated at $525,000, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Millburn Township Committee Special Meeting Agenda 2026-07-29 (Agenda), dated July 29, 2026 from Township of Millburn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rpm Development Llc hold?

Rpm Development Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Rpm Development Llc's profile

What is Township of Millburn currently buying?

Explore Township of Millburn's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Township of Millburn's profile

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