Pine Hill Borough Public Land Sale

March 15, 2017 7:10 pm

  NOTICE is hereby given in accordance with N.J.S.A. 40A:12-13(a) that the Mayor and Borough Council of the Borough of Pine Hill, County of Camden, New Jersey, will expose at public sale and auction to the highest bidder on March 27, 2017, at 10:00 a.m., prevailing time, at the Borough Municipal Building, 45 W. 7th Avenue, Pine Hill, NJ  08021, tracts of land situated in the Borough of Pine Hill, as described and listed as follows:

Block       Lot                         Property Address                   Size of Parcel             Minimum Bid Amount

1              9.04             Blackwood-Clementon Rd       150 x 200                                $99,000

15.13        5                 209 Grasmur Turn                    70 x 167                                  $10,000

15.13        6                 211 Grasmur Turn                    79 x 160                                  $10,000

29             30               West Woodburn                       275 x 150                                $ 5,000

44             13               50 E Buttonwood Ave              225 x 150                                $30,000

44             18               51 E. Spring Street                   75 x 150                                  $15,000

48             94.01          123 E. Clearview Ave              85 x 150                                  $15,000

48             102             133 E. Clearview Ave              80 x 150                                  $15,000

100           37               159 Erial Road                         100 x 100                                $15,000

79             15               310 Hillside Ave                       100 x 215                                $ 1,500

All bids shall be referred to the Borough Council for review and final approval.  The Borough reserves the right to accept the highest bid or to reject any and all bids if the highest bid is not accepted.

            Said properties are being offered for sale with a condition that the Borough is

issuing no representations or warranties as to the permissibility or advisability of building or constructing improvements on said properties.  The successful bidder is solely responsible for obtaining any and all necessary local, county or state permits and/or approvals to construct any improvement on the properties.

            The Borough makes no representations as to any existing environmental conditions or any ISRA requirements that may be applicable to the property.

            Upon the close of bidding, the highest qualified bidder, as designated by the Municipal Clerk, shall submit cash or a certified check in the amount of ten (10%) percent of the bid and shall immediately execute an offer to purchase at the bid price, which offer shall include the terms and conditions specified herein. 

The successful bidder shall provide at its own expense a title search and legal description to the Borough for the preparation of the deed of conveyance.

 At the closing, the successful bidder will be required to pay all expenses, including legal fees and advertising costs incurred by the Borough.  At least 15 days prior to settlement, the successful bidder will provide the Borough Attorney with a Preliminary Title Report and legal description.

A Bargain and Sale Deed will be the document of conveyance and no warranties or representations as to title are made by the Borough.  If, however, it is determined that the Borough is unable to convey marketable title, any deposit moneys received pursuant to the bidding procedure will be returned to the bidder.

            The confirmation of the sale by the Governing Body shall be a complete acceptance of the bid and, thereafter, within thirty (30) days from said confirmation, the closing must be completed.  Failure to comply with any of the above requirements or to close on or before the date set forth herein shall entitle the Borough to rescind prior bid approval, terminate any and all rights of the designated bidder in said property and retain all moneys heretofore deposited.         

            The successful bidder shall be responsible for terminating any and all existing occupancy or tenancies.         

            The properties being sold are subject to existing encumbrances, liens, zoning regulations, easements, other restrictions, such facts as a title search would reveal and such facts as an accurate survey would reveal and any present or future assessments for the construction of improvements benefiting said property.  The sale in no manner binds the Borough to provide access or to improve any existing access and the Borough makes no representation that any access exists to the properties being sold.

            Any buildings on any of the properties shall within one hundred twenty (120) days of the Borough providing title be properly demolished or meet appropriate building and health codes unless otherwise extended or waived by the Borough. 

DATED: March 6, 2017                                               ___________________________________                                                                                      THOMAS CARDIS, RMC, Borough Clerk

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This post was written by Pat Hendricks

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