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Bill > S3247

NJ S3247

NJ S3247
Authorizes State Treasurer to convey surplus real property known as Learning Center in City of Vineland, County of Cumberland.

summary

Introduced
12/03/2018
In Committee
12/10/2018
Crossed Over
12/17/2018
Passed
12/17/2018
Dead
Signed/Enacted/Adopted
01/31/2019

Introduced Session

2018-2019 Regular Session

Bill Summary

This bill authorizes the State Treasurer to sell and convey all of the State's right, title, and interest in and to the land and improvements thereon known as the Learning Center on the grounds of the former West Campus of the Vineland Development Center, that consists of 7.428± acres of land and improvements located at 860 North Orchard Road, designated as Block 2101, Part of Lot 53 in the City of Vineland, County of Cumberland, which has been declared surplus to the needs of the State. The property will be conveyed to the highest bidder of an Internet auction with a minimum bid of $1,600,000, the appraised liquidation value. The property will be sold in accordance with the terms and conditions as may be approved by the State House Commission.

AI Summary

This bill authorizes the State Treasurer to sell and convey all of the State's rights and interest in a 7.428± acre property known as the Learning Center, located in the City of Vineland, Cumberland County, which has been declared surplus to the State's needs. The property will be sold through an Internet auction with a minimum bid of $1,600,000, which is the appraised liquidation value, and the sale will be conducted in accordance with the terms and conditions approved by the State House Commission.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Approved P.L.2019, c.14. (on 01/31/2019)
(1 Companion Bills)

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