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EQUIPMENTAPPROVED

Borough of Little Silver Borough Council Meeting Agenda Packet 2026-06-08

NEIF to Finance Energy-Efficient HVAC for Library

Not to exceed $86,186.00Borough of Little SilverNATIONAL ENERGY IMPROVEMENT FUND (NEIF)June 8, 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

The Borough of Little Silver approved a purchase agreement with the National Energy Improvement Fund (NEIF) for up to $86,186.00 at zero percent interest over five years to replace HVAC systems at the Borough Library. The agreement finances both procurement and installation of energy-efficient equipment.

Contract Details

Contract Amount

Not to exceed $86,186.00

Vendor

NATIONAL ENERGY IMPROVEMENT FUND (NEIF)

Agency

Borough of Little Silver, NJ

Contract Type

EQUIPMENT

Document Date

June 8, 2026

Contract Term

Five (5) years, payable in 60 equal installments

Renewal Date

2031-06-08

Renewal Info

Five-year financing term with 60 equal installments; no indication of automatic renewal or extension options beyond the stated term.

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