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AN ORDINANCE AUTHORIZING THE EXCHANGE OF PROPERTY PURSUANT TO N.J.S.A. 40A:12-16.
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WHEREAS, the City of Newark, County of Essex, State of New Jersey, is the owner of property identified as Block 15001, Lot 6 which is vacant land along Clinton Road consisting of 12,374 square feet (0.284 acres) within the Township of West Milford (hereinafter referred to as the "Newark Property"); and
WHEREAS, the Township of West Milford is the owner of property identified as Block 16908, Lot 1 which is a portion of the two-lane roadway known as Clinton Road consisting of 10,270 square feet (0.236 acres) located within the Township of West Milford (hereinafter referred to as the "West Milford Property"); and
WHEREAS, the County of Passaic ("County") is planning to undertake a project known as the Replacement of the Clinton Road Bridge (County Structure No. 1600-175) over Mossman's Brook ("Bridge Replacement Project") in the Township of West Milford; and
WHEREAS, the Bridge Replacement Project is needed as the present bridge is situated at a sharp curve at Clinton Road; and
WHEREAS, the Bridge Replacement Project will be funded from the New Jersey Transportation Trust Fund Authority Act, and the County must award a construction contract by June 23, 2015 or it will lose State funding on this project; and
WHEREAS, in connection with the above Bridge Replacement Project, the County of Passaic has obtained appraisals on the Newark and the West Milford Properties, which provided that the Newark Property had an appraised value of $15,500.00, and the West Milford Property had an appraised value of $12,800.00; and
WHEREAS, the City of Newark has determined that the Newark Property is not needed for public use; and
WHEREAS, pursuant to the provisions of N.J.S.A. 40A:12-16, et seq., the City of Newark and the Township of West Milford agree to the exchange of the Newark Property for the West Milford Property in a form of Agreement to be agreed to...
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