FINANCIAL_SERVICESAPPROVED

Township of Millburn Awards Financial Services Contract to Rpm Development Llc (July 2026)

Millburn Township introduced a bond ordinance appropriating $22,375,000, including $21,850,000 in bonds or notes, to fund the municipal gap subsidy for RPM Development’s downtown mixed-income housing project. The financing will support the alternative site redevelopment outlined in the Global Settlement Agreement.

Status
APPROVED
Document date
July 29, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Rpm Development Llc
Agency
Township of Millburn · NJ

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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
Gap Subsidy estimated at $21,850,000; Township to borrow final gap amount not to exceed bond appropriation; additional Closing Payment of $1,750,000 and 9 Main reimbursable costs estimated at $525,000
Contract type
FINANCIAL_SERVICES
Document type
Agenda
Source document
Millburn Township Committee Special Meeting Agenda 2026-07-29

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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 Millburn?

Rpm Development Llc was awarded this financial services contract by Township of Millburn, as recorded on July 29, 2026. The contract value is Gap Subsidy estimated at $21,850,000; Township to borrow final gap amount not to exceed bond appropriation; additional Closing Payment of $1,750,000 and 9 Main reimbursable costs estimated at $525,000.

How much is the Rpm Development Llc contract with Township of Millburn worth?

The Rpm Development Llc contract with Township of Millburn is valued at Gap Subsidy estimated at $21,850,000; Township to borrow final gap amount not to exceed bond appropriation; additional Closing Payment of $1,750,000 and 9 Main reimbursable costs estimated at $525,000, 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 Millburn Township Committee Special Meeting Agenda 2026-07-29 (Agenda), dated July 29, 2026 from Township of Millburn. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rpm Development Llc hold?

Rpm Development 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 Rpm Development Llc's profile

What is Township of Millburn currently buying?

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

View Township of Millburn's profile

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