2627-21 Ordinance authorizing Sale of Property at Block 175.13 Lot 3.pdf

4814-5927-5734, v. 1 2627-21 Legislative History This Ordinance is adopted pursuant to the requirements of N.J.S.A. 40A:12-13(b)(5) of the Local Lands and Buildings Law which governs the private sale of undersized and undeveloped real property with no capital improvements owned by a municipality. N.J.S.A. 40A:12-13.2 requires that a municipality provide to the owners of contiguous properties the right to prior refusal to purchase. Thus, this Ordinance authorizes the commencement of the private sale of the real property located at Block 175.13, Lot 3 on the Township of West Orange Tax Map (the “Property”) by first allowing the Township to issue a letter notice to the owners of the properties contiguous to the Property the right to prior refusal to purchase to be exercise no later than nineteen days (19) days from the issuance of the notice. In consultation with the Township’s appraiser, the estimate fair market value of the Property is $5,000 which is reflected in the letter notices.