Parking Authority Approves MPAC Revenue Loss Payment
Morristown Parking AuthorityPublic Authority · Morristown, NJ- Disclosed value
- $111,091.65, payable in five annual payments of $22,218.33
- From minutes
- Approved
- Aug 12, 2026
- Renews
- Free account
The 30-second brief
The Morristown Parking Authority approved a $111,091.65 payment arrangement with Mayo Performing Arts Center for the permanent loss of revenue from three parking spaces. MPAC will make five annual payments of $22,218.33 at a reduced 1% interest rate.
Mayo Performing Arts Center holds this contract with Morristown Parking Authority. Its other public contracts on record include work for Bayonne School District and Franklin Lakes School District.
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Contract details
- Amount
- $111,091.65, payable in five annual payments of $22,218.33
- Document date
- August 12, 2026
- Term
- 5-year repayment term at a reduced 1% interest rate
- Renews
- On record
- Source document
- Morristown Parking Authority Minutes August 12, 2026 (Minutes)
Mayo Performing Arts Center's other public contracts
More Morristown Parking Authority contracts
Questions about this contract
Who was awarded the government contract by Morristown Parking Authority?
Mayo Performing Arts Center was awarded this government contract by Morristown Parking Authority, as recorded on August 12, 2026. The contract value is $111,091.65, payable in five annual payments of $22,218.33.
How much is the Mayo Performing Arts Center contract with Morristown Parking Authority worth?
The Mayo Performing Arts Center contract with Morristown Parking Authority is valued at $111,091.65, payable in five annual payments of $22,218.33.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Morristown Parking Authority Minutes August 12, 2026 (Minutes), dated August 12, 2026 from Morristown Parking Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Mayo Performing Arts Center hold?
Mayo Performing Arts Center 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 Morristown Parking Authority currently buying?
Explore Morristown Parking Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.