City of Margate Regular Commission Meeting Agenda May 2026
City Authorizes $2.5M Note to NJ Infrastructure Bank
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Description
Margate will issue and sell a note of up to $2,500,000 to the New Jersey Infrastructure Bank under the New Jersey Water Bank Construction Financing Program. The resolution defines the note’s form and authorizes the City to execute and deliver it.
Contract Details
Contract Amount
Up to $2,500,000
Vendor
NEW JERSEY INFRASTRUCTURE BANK
Agency
City of Margate, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
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