Sale of Municipal Property Lot 25 in Block 265 with Addendum No. 1
Notice of Addendum No. 1: to Bidders for the Sale of Municipal Property
Published Date: March 22, 2024
Sale of Municipal Property - 201 Grove Avenue, Block 265, Lot 25
Addendum No. 1 has been issued for the Bid Package pertaining to the Sale of Municipal Property - 201 Grove Avenue, Block 265, Lot 25 from the Borough of Middlesex on Thursday, March 21, 2024, and posted on Borough website.
TO ALL CONCERNED: The original bid package for the above referenced project is amended as noted in Addendum No.1. CONCERNING QUESTIONS RECEIVED:
QUESTION:
The "Notice to Bidders" and the "Contract for Sale of Real Estate" indicated that the 10% down payment for the property must come in with the bid. The ordinance indicated that they have 10 days within notice of acceptance of their bid to pay the 10%.
ANSWER:
Bidders are to comply with Ordinance #2113-24; section 5 (a). Which states "Bidder shall deposit cash, check, or money order in the amount of not less than 10% of the bid price within 10 days of notice of acceptance of their bid. In the event a bidder fails to timely deposit 10% of the bid price, the Borough may re-auction the subject property.
Notice to Bidders for the Sale of Municipal Property
Sale Pursuant to N.J.S.A. 40A:12-13(a)
Advertised Dated: March 19 & March 26, 2024
NOTICE IS HEREBY GIVEN that the Borough of Middlesex will offer for sale the real property as described below.
It is offering for sale to the highest bidder Lot 25 in Block 265 on the Middlesex Borough Tax Map, better known as 210 Grove Avenue (the "Property"). The sale is authorized by Ordinance 2113-24 adopted on March 12, 2024 which authorized the sale of the Property, and shall be subject to all conditions listed therein.
The fair market value of the Property as determined by the Borough Tax Assessor is $450,000.00. Pursuant to N.J.S.A.40:12-13(a), any such sale shall be for not less than the fair market value. The sale of the Property is subject to all easements and restrictions of record.
All visits to the Property must be coordinated with Leonard Vidal, DPW Director.
All bids submitted shall be accompanied by a deposit in the form of a certified check or bank check in the amount of 10% of the bid. The check shall be made payable to the Borough and held in escrow. The Borough shall make a decision as to whether to sell the Property to the highest bidder within ten (10} days of the date established for receipt of all bids. Upon the making of a decision to sell the Property, the highest bidder shall execute a contract, a copy of which is included in the bid package.
Pursuant to N.J.S.A. 40A:12-13(a), the Borough reserves the right to reject all bids if the highest bid is not accepted.
All bids shall be received by the Borough Clerk, Linda Chismar, 1200 Mountain Avenue, Middlesex, N.J. 08846, on or before April 2, 2024 not later than 10:00 a.m.
Specifications and instructions to bidders are included in the aforesaid Ordinance, available on the Borough website. Proposals must be enclosed in a sealed package bearing the name and address of the bidder, and bid title on the outside addressed to Linda Chismar at the address above.
Any questions regarding the Property shall be directed to the Leonard Vidal, DPW Director, at 732.356.7400 extension 296.
Any questions regarding the bid package should be directed to the Borough Clerk, Linda Chismar, at 732.356.7400 extension 238.
Linda Chismar, RMC
Middlesex Borough
Additional details are available in the document links below.