Bill Text: NJ A3142 | 2012-2013 | Regular Session | Introduced
Bill Title: Authorizes State Treasurer to sell surplus real property, known as Eagle Manor, located in Township of Fairfield in Cumberland County.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-06-24 - Substituted by S2042 [A3142 Detail]
Download: New_Jersey-2012-A3142-Introduced.html
Sponsored by:
Assemblyman NELSON T. ALBANO
District 1 (Atlantic, Cape May and Cumberland)
SYNOPSIS
Authorizes State Treasurer to sell surplus real property, known as Eagle Manor, located in Township of Fairfield in Cumberland County.
CURRENT VERSION OF TEXT
As introduced.
An Act authorizing the State Treasurer to sell certain surplus real property owned by the State in the Township of Fairfield in Cumberland County.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. The Department of the Treasury, on behalf of the Department of Environmental Protection, is authorized to sell and convey to Eagle Manor LLC, as surplus property, all of the State's right, title, and interest in the parcel of land of 11.7 + acres, and all improvements thereon, situated on Block 51, Part of Lot 1 of the tax map of Fairfield Township, Cumberland County, also known as Eagle Manor. The property to be sold and conveyed has been declared surplus to the needs of the State. The consideration to be paid by Eagle Manor LLC for the sale and conveyance of the property shall be the sum of $612,001.
b. The sale and conveyance authorized by subsection a. of this section shall be executed in accordance with the terms and conditions approved by the State House Commission at its meeting on March 16, 2009 including the imposition of certain historic preservation restrictions on the property. The provisions of P.L.1993, c.38 (C.13:1D-51 et seq.) shall apply to the conveyance.
2. This act shall take effect immediately.
STATEMENT
This bill authorizes the State Treasurer, on behalf of the Department of Environmental protection, to sell and convey to Eagle Manor LLC, an entity formed by the winning bidder of an Internet-based public auction, an 11.7 acre parcel of land and all improvements located at 806 Back Neck Road in Fairfield Township, Cumberland County. Eagle Manor is a residential estate, comprised of a main house, guest house, boathouse, riverside dock, and various barns and other buildings surrounded by the Dix Wildlife Management Area. Additional State land surrounding the property is agricultural and is being cultivated for asparagus production. The property has been declared surplus to the State's needs. Eagle Manor LLC will pay the State $612,001 for the subject property as a result of the Internet-based public auction of the property conducted by the Department of the Treasury. The property will be sold in accordance with N.J.S.A. 13D:1D-51 et seq., which specifies the disposition and the proceeds, and the terms and conditions of sale approved by the State House Commission at its meeting on March 16, 2009.
