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FACILITIESREJECTED

Lakewood Public Schools Board Meeting Minutes March 2026

Board Rejects Initial Low Bid for MLK Property

$50,000Lakewood Township School DistrictPETAL HOLDINGS LLCMarch 25, 2026

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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

Description

Lakewood Board of Education rejected a $50,000 bid from Petal Holdings, LLC for the sale of 133 Dr. Martin Luther King Blvd as it fell far below the $1,000,000 minimum. The district subsequently re-advertised the property with a lower minimum bid requirement.

Contract Details

Contract Amount

$50,000

Vendor

PETAL HOLDINGS LLC

Agency

Lakewood Township School District, NJ

Contract Type

FACILITIES

Document Date

March 25, 2026

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