Over the Counter Land Sales Established by Borough Assembly Action
In accordance with Borough Assembly Resolution 2696-S, an unsolicited land sales process was established to create an over the counter land sales procedure for properties not currently listed as part of the Borough real estate list established with a local real estate firm/broker.
An unsolicited land sale process begins with a request to the Borough asking for a specific property to be placed on the market for an over the counter sale. The Borough Assembly approves by resolution the disposal of property for an over the counter sale and establishes the listing price.
Once a resolution is approved, the property will be advertised on the Borough website, on the Planning and Community Development Bulletin Board, and in the newspaper for a minimum of four consecutive weekends. Once the advertisement period is completed, the Manager may approve an offer that is no less than 90% of the listing price. A price less than 90% of the listing price will require Assembly approval. If an offer includes non-monetary terms which affect the value of the proposed purchase price, the Manager shall refer the offer to the Assembly.