Bill Text: NJ A5102 | 2024-2025 | Regular Session | Introduced

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Bill Title: Authorizes State Treasurer to sell as surplus certain real property and improvements in Township of Lebanon in Hunterdon County.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-12-12 - Introduced, Referred to Assembly State and Local Government Committee [A5102 Detail]

Download: New_Jersey-2024-A5102-Introduced.html

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ASSEMBLY, No. 5102

STATE OF NEW JERSEY

221st LEGISLATURE

 

INTRODUCED DECEMBER 12, 2024

 

 

Sponsored by:

Assemblyman  JOHN DIMAIO

District 23 (Hunterdon, Somerset and Warren)

 

 

 

 

SYNOPSIS

     Authorizes State Treasurer to sell as surplus certain real property and improvements in Township of Lebanon in Hunterdon County.

 

CURRENT VERSION OF TEXT

     As introduced.

  

An Act authorizing the State Treasurer to sell certain surplus real property and improvements owned by the State in the Township of Lebanon, Hunterdon County.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    a.         The Department of the Treasury is authorized to sell and convey, as surplus real property, all of the State's right, title, and interest in and to the property located at 200 Sanatorium Road, former Building 33, known as "East Hall," of the Hagedorn Psychiatric Hospital in the Township of Lebanon, Hunterdon County, which contains 57,462± square feet of land and improvements also known as Block 9, Lot 7 on the tax map of the Township of Lebanon.  The property shall be sold and conveyed to GShack Group, LLC for the appraised value of $570,000.

     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.

 

     2.  This act shall take effect immediately.

 

 

STATEMENT

 

     This bill authorizes the State Treasurer to sell and convey property located at 200 Sanatorium Road in the Township of Lebanon, Hunterdon County.  The property contains 57,462± square feet of land and improvements.  The property is to be sold to GShack Group, LLC for the appraised value of $570,000.

     This property is considered surplus to the needs of the State.

     The State House Commission will set the terms and conditions of the sale and conveyance.

     The property is the former site of Building 33, known as "East Hall," of the Hagedorn Psychiatric Hospital.