FINANCIAL_SERVICESPENDING

Margate Seeks $2.5M NJ I-Bank Construction Loan

The City of Margate plans to apply to the New Jersey I-Bank for a short-term construction loan of up to $2,500,000 to finance Phase 2 of its Lead Water Service Lines Replacement Project. The resolution also authorizes issuance of a construction loan note under the Construction Financing Program.

Status
PENDING
Document date
May 7, 2026
Contract type
FINANCIAL_SERVICES
Vendor
New Jersey I-bank
Agency
City of Margate · NJ

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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

Scope & details

The full contract record, as filed.

Contract amount
Up to $2,500,000
Contract type
FINANCIAL_SERVICES
Document type
Agenda
Source document
City of Margate Regular Commission Meeting Agenda May 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Margate?

New Jersey I-bank was awarded this financial services contract by City of Margate, as recorded on May 7, 2026. The contract value is Up to $2,500,000.

How much is the New Jersey I-bank contract with City of Margate worth?

The New Jersey I-bank contract with City of Margate is valued at Up to $2,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Margate Regular Commission Meeting Agenda May 2026 (Agenda), dated May 7, 2026 from City of Margate. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Jersey I-bank hold?

New Jersey I-bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Margate currently buying?

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

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