Bill
Bill > A5845
NJ A5845
NJ A5845Authorizes State Treasurer to sell as surplus property certain land and improvements in Town of Morristown in Morris County.
summary
Introduced
06/16/2025
06/16/2025
In Committee
06/16/2025
06/16/2025
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill authorizes the State Treasurer, on behalf of the New Jersey Motor Vehicle Commission (MVC), to sell and convey to the Town of Morristown in Morris County a 0.69 ± acres parcel of land and all improvements located at 101 Ridgedale Avenue in the Town of Morristown, Morris County. The property has been declared to be surplus to the needs of the State. The proceeds of the sale will be deposited into the fund created by law which requires that the deposits be used for the relief of State debt or to assist in funding capital improvement projects. The State House Commission will set the terms and conditions of sale. The property has been appraised and negotiated to be sold at a price of $850,000 as a direct sale to the Town of Morristown. The MVC previously utilized the property as an inspection center for specialized vehicles. The facilities were closed due to damage sustained from a hurricane.
AI Summary
This bill authorizes the New Jersey Department of the Treasury, acting on behalf of the Motor Vehicle Commission (MVC), to sell a 0.69-acre property located at 101 Ridgedale Avenue in Morristown, Morris County, to the Town of Morristown. The property, which was previously used as an inspection center for specialized vehicles and was closed due to hurricane damage, has been declared surplus to the state's needs. The sale will be conducted according to terms and conditions set by the State House Commission, with the sale proceeds to be deposited into a fund designated for state debt relief or capital improvement projects. The property, identified as Block 801, Lot 3 on the town's tax map, will be sold with all of the state's existing rights, title, and interest in the land and its improvements. The bill includes a provision for immediate implementation upon enactment.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 06/16/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A5845 |
| BillText | https://pub.njleg.gov/Bills/2024/A6000/5845_I1.HTM |
Loading...