FINANCIAL_SERVICESAPPROVED

City of Asbury Park Awards Financial Services Contract to K. Hovnanian’s Aegean at Asbury Park Urban Renewal Llc (September 2026)

Asbury Park authorized up to $1.1 million in additional non-recourse redevelopment area bonds for infrastructure improvements tied to K. Hovnanian’s Aegean project. The bonds will be secured by special assessments and may mature within 30 years of issuance.

Document date · September 9, 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

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $1,100,000
Contract type
FINANCIAL_SERVICES
Contract term
Bonds mature no later than 30 years from issuance
Renewal
Additional 2026B bond series under the trust indenture; maturity may not exceed 30 years from issuance.
Document type
Agenda
Source document
City of Asbury Park Agenda Meeting of the Municipal Council September 9, 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 Asbury Park?

K. Hovnanian’s Aegean at Asbury Park Urban Renewal Llc was awarded this financial services contract by City of Asbury Park, as recorded on September 9, 2026. The contract value is Not to exceed $1,100,000.

How much is the K. Hovnanian’s Aegean at Asbury Park Urban Renewal Llc contract with City of Asbury Park worth?

The K. Hovnanian’s Aegean at Asbury Park Urban Renewal Llc contract with City of Asbury Park is valued at Not to exceed $1,100,000, 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 City of Asbury Park Agenda Meeting of the Municipal Council September 9, 2026 (Agenda), dated September 9, 2026 from City of Asbury Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does K. Hovnanian’s Aegean at Asbury Park Urban Renewal Llc hold?

K. Hovnanian’s Aegean at Asbury Park Urban Renewal Llc 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 K. Hovnanian’s Aegean at Asbury Park Urban Renewal Llc's profile

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