Borough of Oceanport AgendaPacket 2026-06-25
Oceanport Enters 2027–2029 CDBG Cooperation Pact
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Description
Oceanport approved a revised cooperative agreement with Monmouth County to participate in the 2027–2029 Community Development Block Grant program. The pact enables the borough to access and implement federal community development funds in coordination with the county.
Contract Details
Vendor
MONMOUTH COUNTY
Agency
Borough of Oceanport, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Contract Term
Federal Fiscal Years 2027–2029, with automatic renewal for one additional three-year period unless notice is given
Renewal Date
2029-12-31
Renewal Info
Agreement covers FY 2027–2029 and includes automatic renewal for one successive three-year urban county qualification period unless either party provides timely written notice to opt out; remains in effect until all CDBG and related program income are expended.
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