HomeMy Public PortalAboutr 18-068psaW
n o #he �3araugh of Carteret,
et,
No. 18 Date of Adoption April 5 2018
RESOLUTION AUTHORIZING BIDS FOR
LEASE OF MUNICIPAL PROPERTY
WHEREAS, the Borough owns the property designated as 132 Emerson Street and 140
Emerson Street on the Tax Map of the Borough of Carteret; and
WHEREAS, the aforesaid lease will begin on August 1, 2018, thereby creating a month
to month tenancy; and
WHEREAS, the Borough wishes to lease the aforesaid property on a non - exclusive
basis, with terms and conditions; and
WHEREAS, N.J.S.A. 40A:12 -14 sets forth, in relevant part, that a municipality may
lease any real property not needed for public use; and
WHEREAS, N.J.S.A. 40A:12 -14(a) sets forth, in relevant part, that in the case of a lease
to a private person, said lease shall be made to the highest bidder by open public bidding
at auction or by the submission of sealed bids; and
WHEREAS, the governing body of the Borough of Carteret wishes to fix a minimum
rental with the reservation of the right to reject all bids where the highest bid is not
accepted.
NOW, THEREFORE, BE IT RESOLVED, by the governing body of the Borough of
Carteret, that the Clerk be and is hereby directed to advertise for and solicit sealed bids
for the lease of the property designated as Block 6406, Lot 3 on the Tax Map of the
Borough of Carteret on a non - exclusive basis, in accordance with the requirements of
N.J.S.A. 40A:12- 14(a), with a minimum annual rental sum of $175,000.00 to be paid in
twelve (12) equal monthly installments of $14,584.00 per month, wherein the term of the
lease would be for an initial term of ten (10) years with the option to continue the said
lease for up to two (2) consecutive additional terms of five (5) years each at the option of
the Borough.
BE IT FURTHER RESOLVED, by the governing body of the Borough of Carteret that
the Borough hereby reserves the right to reject all bids where the highest bid is not
accepted.
Adopted this 5` day of April, 2018
and certified as a true copy of the
original on April 6, 2018.
KATHLEEN M. BARNEY, MMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BEI LINO
X
JOHAL
X
DIAZ
X
KRUM
X
DIMASCIO
X
N
X
X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council April
5, 2018
CLERK
1