200-13 Acquisition-549 Valley Payment to Prestige-Cancellation of taxes 10.29.13.pdf

WHEREAS, property taxes have accrued at the Property for the tax year 2013; and WHEREAS, it is the recommendation of the Township’s Tax Collector that, in light of the Township’s acquisition of the Property, the taxes assessed against the Property should be cancelled; NOW, BE IT HEREBY RESOLVED, by the Township Council of the Township of West Orange, that the Township be and is hereby authorized to acquire the Property for purposes of redevelopment; and be it further RESOLVED, that the Township be and is hereby authorized to pay the sum of such funds due and owing to Prestige for recording the transfer of title to the Property, and to purchase and obtain a Title Insurance Policy; and be it further RESOLVED, that the taxes which have accrued for the Property shall be and hereby are cancelled. Karen J. Carnevale, RMC Honorable Susan McCartney Township Clerk Council President Adopted: October 29, 2013 I hereby certify funds are available from: Account No. JOHN O. GROSS, CFO 800973_1