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Township to apply for $6M NJ iBank loan

Township of Chatham logoTownship of Chatham
Disclosed value
$6,000,000
From meeting minutes
Document date
May 6, 2025

The 30-second brief

What it covers

Township to apply for a $6 million loan from NJ iBank for sewage treatment plant upgrades, covering construction, soft costs, and interest rates through the iBank program. The plant, originally constructed in the 1960s, requires costly renovations to meet current standards.

Who holds it

Nj Ibank holds this loan contract with Township of Chatham. Its other public contracts on record include work for Town of Phillipsburg and Town of Chatham.

See who signed off on this $6M contract.

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Contract details

Contract type
Loan
Amount
$6,000,000
Document date
May 6, 2025
Term
NA
Vendor
Nj Ibank
Agency
Township of Chatham
Source document
township-of-chatham-meeting-minutes-2025-05-06_4e7.pdf (Meeting Minutes)

Nj Ibank's other public contracts

Town of Phillipsburg, New JerseyRegion 3 Sewer Project Submitted To NJ IBANK · Aug 11, 2026UndisclosedTown of Phillipsburg, New JerseyNJ IBANK-Financed WWTP Upgrade Project Initiated · Aug 11, 2026UndisclosedTown of Chatham, MinnesotaSewage Treatment Plant Upgrade Loan Considered · May 6, 2025$6MLower Township MUA, New JerseyMUA Applies to NJ IBank for Project Financing · Apr 2, 2025UndisclosedBayshore Regional Sewerage Authority, New JerseyAuthority Works with NJ IBank on Project Financing · Mar 21, 2022All Nj Ibank contractsVendor profile

More Township of Chatham contracts

New Jersey Department of TransportationChatham seeks NJDOT grant for Lafayette Avenue · Jun 23, 2026UndisclosedChatham Wine & Liquor LLCLiquor license renewed for Chatham Wine & Liquor · Jun 23, 2026UndisclosedToll Nj I LLCTax refund approved for Toll NJ I LLC · Jun 23, 2026$7.9KFairmount Country Club IncAlcohol consumption license renewed for Fairmount CC · Jun 23, 2026UndisclosedJay Krishna LLCLiquor license renewed for Jay Krishna LLC · Jun 23, 2026UndisclosedAll Township of Chatham activityAgency profile

Questions about this contract

Who was awarded the loan contract by Township of Chatham?

Nj Ibank was awarded this loan contract by Township of Chatham, as recorded on May 6, 2025. The contract value is $6,000,000.

How much is the Nj Ibank contract with Township of Chatham worth?

The Nj Ibank contract with Township of Chatham is valued at $6,000,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in township-of-chatham-meeting-minutes-2025-05-06_4e7.pdf (Meeting Minutes), dated May 6, 2025 from Township of Chatham. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Nj Ibank hold?

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

What is Township of Chatham currently buying?

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

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