City of Vineland Awards Financial Services Contract to Vineland Development Corporation (June 2026)

City Council authorized up to $3,000,000 in Vineland Revolving Loan Funds as a recoverable grant to the Vineland Development Corporation to support its joint purchase of 1100 College Drive with the City. Repayment will be based on 50% of net proceeds from the property’s future sale, up to the grant amount.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $3,000,000.00

Contract type

FINANCIAL_SERVICES

Document type

AgendaPacket

Source document

City of Vineland Agenda Packet 2026-06-23

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City of Vineland AgendaPacket City Council Meeting 2026-08-25

AMENDED

City of Vineland, New JerseyUp to $4,500,000.00 (Recoverable Grant; referenced amount)Aug 23, 2026

City of Vineland City Council Agenda 2026-08-25

AMENDED

City of Vineland, New JerseyNot to exceed $4,500,000.00Aug 23, 2026

City of Vineland Agenda for City Council Meeting 2026-06-23

APPROVED

City of Vineland, New Jersey$3,000,000.00 (50% contribution toward $6,000,000.00 purchase price)Jun 23, 2026

City of Vineland Agenda Meeting of June 23, 2026

PENDING

City of Vineland, New JerseyNot to exceed $3,000,000.00 (loan funds portion)Jun 23, 2026

City of Vineland Agenda for City Council Meeting 2026-06-23

APPROVED

City of Vineland, New JerseyUp to $3,000,000.00 (recoverable grant or 50% of net sale proceeds, whichever is less)Jun 23, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Vineland Development Corporation was awarded this financial services contract by City of Vineland, as recorded on June 23, 2026. The contract value is Not to exceed $3,000,000.00.

How much is the Vineland Development Corporation contract with City of Vineland worth?

The Vineland Development Corporation contract with City of Vineland is valued at Not to exceed $3,000,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Vineland Agenda Packet 2026-06-23 (AgendaPacket), dated June 23, 2026 from City of Vineland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vineland Development Corporation hold?

Vineland Development Corporation 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 Vineland currently buying?

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

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