124-22 Authorizing Execution of Purchae and Sale Agreement re New Library Site.pdf

2 WHEREAS, as a result of this transaction, sixty-five (65) apartments for age restricted low- and moderate-income housing shall be accessible and available within the Township of West Orange; and WHEREAS, as part of the proposed transaction, the Township will receive $1 million from the sale of the property which will be used to fit out and move the existing library to the New Library Site; and WHERAS, in addition, the Purchaser has agreed that the Property shall perpetually contain a 7,500 square foot area for a community room/satellite library which will remain available for the Township; and WHEREAS, the Property shall be subject to a subdivision whereby the existing library site shall be conveyed to the Purchaser and will remain contiguous to the Municipal Building, the Renna House, and the West Orange Police Department; NOW, BE IT HEREBY RESOLVED, by the Township Council of the Township of West Orange that the Mayor be and is hereby authorized to execute and the Municipal Clerk be and is hereby authorized to attest to the proposed Agreement of Sale and Purchase annexed hereto in accordance with N.J.S.A. 40A:12-21(l) of the New Jersey Local Lands and Buildings law and other applicable powers. Karen J. Carnevale, R.M.C. Susan McCartney Municipal Clerk Council President Adopted: April 26, 2022