Township of Holmdel Awards Financial Services Contract to Municipal Excess Liability Joint Insurance Fund (June 2026)
Township of HolmdelCity · Holmdel, NJ- Disclosed value
- $463,409 loan, annual installments of $66,201.29 plus variable interest
- From minutes
- Approved
- Jun 23, 2026
- Term
- January 1, 2027 – January 1, 2033
- Renews
- Free account
The 30-second brief
Holmdel Township approved a repayment agreement and promissory note with the Municipal Excess Liability Joint Insurance Fund for a $463,409 loan to cover a supplemental assessment owed to its prior insurer. The loan will be repaid in annual installments of $66,201.29 plus variable interest from January 1, 2027 through January 1, 2033.
Municipal Excess Liability Joint Insurance Fund holds this financial services contract with Township of Holmdel. Its other public contracts on record include work for Borough of Buena and Borough of Prospect Park.
The renewal date is on record. A free account shows it, with the renewals for every Township of Holmdel contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $463,409 loan, annual installments of $66,201.29 plus variable interest
- Document date
- June 23, 2026
- Term
- January 1, 2027 – January 1, 2033
- Renews
- Free account
- Agency
- Township of Holmdel
- Source document
- Township of Holmdel Minutes Township Committee Meeting 2026-06-23 (Minutes)
Municipal Excess Liability Joint Insurance Fund's other public contracts
More Township of Holmdel contracts
Questions about this contract
Who was awarded the financial services contract by Township of Holmdel?
Municipal Excess Liability Joint Insurance Fund was awarded this financial services contract by Township of Holmdel, as recorded on June 23, 2026. The contract value is $463,409 loan, annual installments of $66,201.29 plus variable interest.
How much is the Municipal Excess Liability Joint Insurance Fund contract with Township of Holmdel worth?
The Municipal Excess Liability Joint Insurance Fund contract with Township of Holmdel is valued at $463,409 loan, annual installments of $66,201.29 plus variable interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Township of Holmdel Minutes Township Committee Meeting 2026-06-23 (Minutes), dated June 23, 2026 from Township of Holmdel. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Municipal Excess Liability Joint Insurance Fund hold?
Municipal Excess Liability Joint Insurance Fund 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 Township of Holmdel currently buying?
Explore Township of Holmdel's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.