Conference/Public Meeting Agendas/Documents — Packet

173-12 September 11, 2012 RESOLUTION WHEREAS, on November 1, 2011 the Township Council of the Township of West Orange introduced Ordinance No. 2335-11 (the “Ordinance”) authorizing the sale of Township owned land located at Block 176.08, Lot 8-Arnold Terrace, and a portion of Block 176.04, Lot 15.01-Arnold Terrace to the contiguous property owners, Lauren and Marc Shapiro (the “Shapiros”), owners of the property located at Block 178.56, Lot 11, pursuant to N.J.S.A. 40A:12 -13(b)(5); and WHEREAS, the Ordinance was adopted by the Township Council of the Township of West Orange on November 22, 2011; and WHEREAS, the Ordinance provides that title to the referenced property shall close within sixty (60) days of adoption of the Ordinance, unless an extension of time has been granted by the Township Council of the Township of West Orange; and WHEREAS, the closing and transfer of title on the referenced property has not yet taken place; and WHEREAS, by Resolution 11-12, adopted February 7, 2012, the Township Council extended the time period to close on these parcels for an additional sixty (60) days; and WHEREAS, by Resolution 69-12, adopted April 3, 2012, the Township Council extended the time period to close on these parcels for an additional sixty (60) days; and WHEREAS, by Resolution 69-12, adopted April 3, 2012, the Township Council extended the time period to close on these parcels for an additional sixty (60) days; and WHEREAS, by Resolution 103-12, adopted May 29, 2012, the Township Council extended the time period to close on these parcels for an additional sixty (60) days; and WHEREAS, the closing and transfer of title to the referenced property is now scheduled to take place on September 28, 2012, in exchange for the sum of $22,321, or $1.00 per square foot on the referenced property; and