notice-to-bidders-for-sale-of-municipal-property-2024-march

The Borough of Middlesex is offering for sale to the highest bidder Lot 25 in Block 265 on the Middlesex Borough Tax Map, known as 210 Grove Avenue (the "Property"). This sale is authorized by Ordinance 2113-24, and is subject to all conditions listed therein. The fair market value of the Property is $450,000.00, and pursuant to N.J.S.A.40:12-13(a), any sale shall be for not less than this amount. All bids must be accompanied by a deposit in the form of a certified check or bank check in the amount of 10% of the bid. Bidders must comply with Ordinance #2113-24; section 5 (a), which states "Bidder shall deposit cash, check, or money order in the amount of not less than 10% of the bid price within 10 days of notice of acceptance of their bid. In the event a bidder fails to timely deposit 10% of the bid price, the Borough may re-auction the subject property. The Borough will decide whether to sell the Property to the highest bidder within ten (10) days of the bid receipt date. Bids are due on or before April 2, 2024, by 10:00 a.m. Addendum No. 1 has been issued for the Bid Package pertaining to the Sale of Municipal Property - 201 Grove Avenue, Block 265, Lot 25 from the Borough of Middlesex on Thursday, March 21, 2024, and posted on Borough website.