Township Council Meeting — Agenda

186-22 AMENDMENT TO SALE AND PURCHASE AGREEMENT Between Township of West Orange as “Seller” -and- West Orange Senior Housing, LLC as “Purchaser” This To The Sale and Purchase Agreement (“Amendment”) is made this ____ day of July, 2022 (“Effective Date”) between, the Township of West Orange, a public body politic and corporate of the State of New Jersey, having an address at 66 Main Street, West Orange, New Jersey (the “Seller”), and West Orange Senior Housing, LLC, having an address of 1 Parker Plaza, Fort Lee, New Jersey, as nominee for an Urban Renewal Entity to be formed (the “Purchaser”) WHEREAS, Purchaser and Seller entered into an Agreement of Sale and Purchase dated April 26, 2022 (the “Original Agreement”) for the real property commonly known as the Library property, West Orange, New Jersey, otherwise known as Block 68, Lot 1 on the tax map of the Township of West Orange, and more particularly described on Exhibits A and B attached to the Original Agreement (“Property”); and WHEREAS, Purchaser intends to utilize the Property solely for (i) the construction and operation of age-restricted low and/or moderate-income housing, and (ii) the construction of a 7,500 square foot public use room (“Project”); and WHEREAS, the parties have agreed it is to their mutual benefit to amend the Original Agreement. -1-