City of Vineland Agenda Packet 2026-06-23
Vineland Development Corp to co-fund 1100 College Drive purchase
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Description
The City of Vineland approved partnering with the Vineland Development Corporation, which will contribute up to $3,000,000 toward the $6,000,000 purchase of 1100 College Drive in return for 50% of net sale proceeds. The Mayor is authorized to amend the sale agreement and execute memoranda documenting the cost- and proceeds-sharing structure.
Contract Details
Contract Amount
$3,000,000.00
Vendor
VINELAND DEVELOPMENT CORPORATION
Agency
City of Vineland, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
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