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Bill > S4737
NJ S4737
NJ S4737Authorizes State Treasurer to sell as surplus certain real property and improvements in Borough of Lodi in Bergen County.
summary
Introduced
10/27/2025
10/27/2025
In Committee
12/08/2025
12/08/2025
Crossed Over
12/18/2025
12/18/2025
Passed
01/12/2026
01/12/2026
Dead
Signed/Enacted/Adopted
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
The bill authorizes the State Treasurer, on behalf of the Department of Military and Veterans Affairs, to sell and convey to the County of Bergen all of the State's rights, title, and interest within the Lodi Armory in the Borough of Lodi, Bergen County a 4.01± acres parcel of land and all improvements. The property has been declared to be surplus to the needs of the State. 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 $4,100,000 as a direct sale to the County of Bergen. As a condition of the sale, the county is required to lease back to the State approximately 6,000 square feet and a number of parking spaces, not to exceed 45, from the building within the property which will be known as the "Motor Vehicle Storage Building."
AI Summary
This bill authorizes the New Jersey Department of the Treasury, acting on behalf of the Department of Military and Veterans Affairs, to sell a 4.01-acre property known as the Lodi Armory in Bergen County to the County of Bergen. The property has been declared surplus to the state's needs and will be sold for $4,100,000. As a unique condition of the sale, the County of Bergen must lease back approximately 6,000 square feet of space and up to 45 parking spaces to the state, specifically within a building to be called the "Motor Vehicle Storage Building." The specific terms and conditions of the sale will be approved by the State House Commission, a governing body that oversees state property transactions. The bill will take effect immediately upon enactment, allowing for the prompt transfer of property between the state and county governments.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
Approved P.L.2025, c.217. (on 01/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S4737 |
| Analysis - Statement SBA 12/8/25 | https://pub.njleg.gov/Bills/2024/S5000/4737_S2.PDF |
| Fiscal Note - Fiscal Estimate 12/4/25; as introduced | https://pub.njleg.gov/Bills/2024/S5000/4737_E1.PDF |
| Analysis - Statement SSG 12/1/25 | https://pub.njleg.gov/Bills/2024/S5000/4737_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S5000/4737_I1.HTM |
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