FINANCIAL_SERVICESAPPROVED

Township of Egg Harbor Awards Financial Services Contract to Atlantic County Improvement Authority (April 2026)

Egg Harbor Township adopted Ordinance 9 of 2026 authorizing a 20-year PILOT agreement with the Atlantic County Improvement Authority for Building 2 at the National Aviation Research and Technology Park. ACIA will make annual payments equal to 10% of net rental revenue, capped at $66,667 per year with scheduled CPI-based cap increases.

Status
APPROVED
Document date
April 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Atlantic County Improvement Authority
Agency
Township of Egg Harbor · NJ

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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

Scope & details

The full contract record, as filed.

Contract amount
Annual payment equal to 10% of Net Revenue, not to exceed $66,667 per year, with CPI-based increases to the maximum payment in years 6, 11, and 16
Contract type
FINANCIAL_SERVICES
Contract term
20 years commencing upon first occupancy of Building 2 or January 1, 2027, whichever is sooner
Renewal date
2047-01-01
Renewal
PILOT term is fixed at 20 years from commencement; maximum annual payment cap is increased in the 6th, 11th, and 16th years based on CPI-related rent increases. No automatic renewal is stated; extension would require a new agreement.
Document type
Agenda
Source document
Egg Harbor Township Committee Meeting Agenda April 15 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 Township of Egg Harbor?

Atlantic County Improvement Authority was awarded this financial services contract by Township of Egg Harbor, as recorded on April 15, 2026. The contract value is Annual payment equal to 10% of Net Revenue, not to exceed $66,667 per year, with CPI-based increases to the maximum payment in years 6, 11, and 16.

How much is the Atlantic County Improvement Authority contract with Township of Egg Harbor worth?

The Atlantic County Improvement Authority contract with Township of Egg Harbor is valued at Annual payment equal to 10% of Net Revenue, not to exceed $66,667 per year, with CPI-based increases to the maximum payment in years 6, 11, and 16, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Egg Harbor Township Committee Meeting Agenda April 15 2026 (Agenda), dated April 15, 2026 from Township of Egg Harbor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Atlantic County Improvement Authority hold?

Atlantic County Improvement Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Atlantic County Improvement Authority's profile

What is Township of Egg Harbor currently buying?

Explore Township of Egg Harbor's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Township of Egg Harbor's profile

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