Ground Easement Sale Services

Tenafly, New JerseyNew Jersey, USADue Saturday, October 10, 2026

Client: Tenafly, New Jersey
RFP Number: ESTATE-11932
Posted: —
Category: Real Estate, Brokerage Services, Maintenance, Repair and Alteration of Property
Budget: Looking for Proposal
NAICS: —
Set-aside: —
Contact: —

Description

AI Generated

The Borough of Tenafly, NJ seeks a qualified onshore USA organization to provide ground easement sale services for a 60-year easement covering the ground space on the exact footprint currently occupied by a tower and its associated equipment compound. The selected vendor will perform all required work offsite. Interested bidders must submit their proposed budgets, as the buyer is looking for proposals to determine funding. The buyer requires all questions regarding this opportunity to be submitted no later than September 1, 2026.

Key solicitation details

AI-extracted from ESTATE 11932 2026 08 12 11 52 50 1qkEQ e98b4 wjHDj.docx. Confirm against the original documents before bidding.

The Borough of Tenafly is soliciting bids for the purchase of a 60-year ground easement on ground space under an existing third-party owned tower located at Grove Street. Bidders must be US-based onshore organizations eligible to purchase the easement. The minimum bid price is four million dollars ($4,000,000.00).

Issued by: Borough of Tenafly
RFP availability to vendors: Tuesday, August 11, 2026
RFP advertised on website: Tuesday, August 11, 2026
Questions due from vendors: September 1, 2026
Borough publication of responses: Tuesday, September 8, 2026
Proposals due from vendors: Friday, October 16, 2026 at 10:00 a.m.
Bid Opening Date: October 16, 2026 Time – 10:00 AM
Resolution of Award: Expected to occur at the first regularly scheduled meeting of the Tenafly Borough Mayor and Council following Proposal Due Date
How to submit: Sealed hard copy and digital media submission
Submission details: Delivered in a sealed envelope to Omar Stovall, Borough Clerk, 100 Riveredge Rd., Tenafly, NJ 07670. Includes one original proposal on provided forms, two copies, and one scanned PDF copy on CD or USB.
Contract term: 60 years
Estimated value: Minimum purchase price of $4,000,000.00
Place of performance: North end of Grove St., aka Block 1303, Lot 2 and Block 1211, Lot 2, Borough of Tenafly, New Jersey 07670
Insurance and bonding: Bid Security in the form of a certified check, cashier's check, or bid bond for not less than 10% of the Easement purchase price, not to exceed $20,000.00.

How proposals are evaluated

Highest responsive, responsible bid that best serves the public interest

Scope of work

Purchase of a 60-year ground easement on Block 1303, Lot 2 and Block 1211, Lot 2
Design and development of the wireless communications facility
Obtaining all engineering, regulatory approvals, and permits
Maintenance of wireless communications equipment and common areas on site
Performing due diligence to ensure no interference with public safety or other tenants
Execution of Easement Agreement within sixty (60) days of notice of award

Minimum qualifications

Onshore USA Organization Only
Compliance with N.J.S.A. 10:5-31 et seq. and N.J.A.C. 17:27
Compliance with New Jersey Prevailing Wage Act, N.J.S.A. 34:56-27
Compliance with New Jersey Local Lands and Buildings Law, N.J.S.A. 40A:12-1 et seq.

Documents to include with the bid

Proposal forms contained in the bid package
Bid Security (certified check, cashier's check, or bid bond)
Items contained in the Instruction to Bidders and Bidder's Checklist
One (1) copy scanned as a PDF file on a CD or USB media device
Proposed Easement Agreement in a form provided by Successful Bidder

Verify important details

Document check

Confirm submission instructions and amendments with the issuing agency before responding.

1 available fileDocuments checked Sep 27, 2026