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  5. ›BID FOR THE SALE OF A 60-YEAR GROUND EASEMENT UNDER AN…

Borough of Tenafly·New Jersey

BID FOR THE SALE OF A 60-YEAR GROUND EASEMENT UNDER AN EXISTING THIRD-PARTY OWNED TOWER - REBID

Closes in 5 days$20k – $50kInvitation for Bid
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Description

The Borough of Tenafly is rebidding the sale of a 60‑year ground easement for a third‑party owned telecommunications tower located on Grove Street. The bid package includes several reference documents (monopole agreements, lease agreement, resolution, and a prior bid response file). Bidders must submit one original and one CD/USB copy of their proposal by the deadline. Mandatory equal‑employment‑opportunity and affirmative‑action forms are NOT required. The winning bidder will transfer ownership of the easement, granting the buyer a 60‑year right‑of‑way to use the land for the tower. • Bid Title: Sale of 60‑Year Easement – Grove Street (TEN002) • Publication Date: 10/20/2026 • Closing Date: 11/6/2026 (10:00 AM) • Required Submissions: 1 original + 1 CD/USB; no EE‑O/AA forms required • Relevant Documents: Monopole Agreements, Lease Agreement, Resolution #R24‑547, prior bid response file, and “TEN002 Tenafly Sale of Easement 10.21.26 Rebid” PDF • No pre‑bid meeting or site visit is listed • The easement term is 60 years, providing long‑term revenue for the borough.

Attached files

Contact

Omar Stovall(Borough Clerk)

[email protected]

Key dates

Opened
10/20/2026
Closes
11/6/2026
Duration
60 years

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531190
Solicitation №
TEN002

Budget estimate

$20,000 – $50,000

The only monetary reference in the document is a prior bid that included a $20,000 check for bid security. Typical market values for 60‑year tower easements in suburban New Jersey range from $20,000 to $50,000 depending on location, tower height, and revenue potential. Assuming the borough seeks a fair market price, the expected award could be between $20k and $50k.

AI estimate from the solicitation

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