.

Buyer May Be Close on West Bay Avenue Property

Township Committee reduces penalties on property to pave the way for bid closure.

It appears as if the 110-acre parcel of land that has been up for auction on West Bay Avenue may soon have a new owner, if actions taken Monday at the Barnegat Township Committee are any indicator.

Although township officials declined to identify a bidder, the Committee adopted a resolution that adjusted past due interests and penalties on the property. The resolution was necessary, according to Township Administrator David Breeden, so that the bid process could be finalized.

Under the terms of the resolution, the committee cut interest charges that had been waged on the property under the old owners from $61,000 to around $30,000, and other penalties were also cut in half. Under the terms of the resolution, the taxes will remain the same - $229,853, Breeden said.

The land was most recently owned by the now-bankrupt Shoreline Sand and Gravel and was being auctioned off by Sheldon Good and Company through a court sale in Trenton earlier this year. The bids were expected to open at $600,000.

Patch will update this story as a bidder is identified. 

The site had been used by Shoreline for extracting and distributing construction materials.  so cleanup will be needed once a bidder is found.

Barnegater Always December 05, 2012 at 12:20 PM
Maybe someone is Benifiting from the contract before the end of the year.Play to play is going through these towns like wild fire.Need to see what relationship the one pushing the contract has with the company,Maybe he suppies the widgets for the ambulances.
Ray December 05, 2012 at 01:32 PM
Al, your done, finished, its time to move to N. Carolina.
John B Taxpayer December 05, 2012 at 01:57 PM
Follow the $$$$$$$!
tired December 05, 2012 at 09:33 PM
The town should have bought the land and made it like Stafford or lacey facility for recycling or made it a new town facility god knows our town hall looks so run down even that police station
Bobgsb December 05, 2012 at 11:58 PM
Can someone explain why Barnegat gave back interest and other penalties on this property?

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »