Township of Egg Harbor Awards Financial Services Contract to Atlantic County Improvement Authority (April 2026)
Township of Egg HarborCity · Egg Harbor Township, NJ- Disclosed value
- 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
- From agenda
- Approved
- Apr 15, 2026
- Renews
- Free account
The 30-second brief
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.
Atlantic County Improvement Authority holds this financial services contract with Township of Egg Harbor. Its other public contracts on record include work for New Jersey Division of Local Government Services and Atlantic Cape Community College.
The renewal date is on record. A free account shows it, with the renewals for every Township of Egg Harbor contract.
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Contract details
- Contract type
- Financial Services
- 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
- Document date
- April 15, 2026
- Term
- 20 years commencing upon first occupancy of Building 2 or January 1, 2027, whichever is sooner
- Renews
- Free account
- Agency
- Township of Egg Harbor
- Source document
- Egg Harbor Township Committee Meeting Agenda April 15 2026 (Agenda)
Atlantic County Improvement Authority's other public contracts
More Township of Egg Harbor contracts
Questions about this contract
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.
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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.
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.