27:12-7.1 - Notice of lease; publication; contents - New Jersey Statutes

27:12-7.1.  Notice of lease;  publication;  contents
    Whenever any municipality shall intend to enter into a lease by private negotiation, pursuant to section 1 of this act, it shall make such intention public by publishing a notice thereof in at least 1 newspaper of general circulation in the municipality.  The notice shall be published at least once not less than 10 days before such lease shall be executed, including the day of  publication but excluding the day of execution of the lease. The notice shall  clearly call attention to the fact that it is a notice of information with  respect to a proposed lease of such property which shall be generally described, and the notice shall also contain the following:

    (a) The name of the lessee with whom the municipality proposes to enter into  the lease;

    (b) A recital that:

     (i) The municipality has a proposal from the lessee named in the lease to enter into the lease for the development of such property;

     (ii) The governing body proposes to authorize the execution of the proposed  lease and to execute it on or after the date specified in the notice, which  date shall not be earlier than the tenth day after publication, excluding the  date of publication;  and

    (iii) A copy of the proposed lease is available for public examination at the office of the clerk of the municipality during regular office hours.

     L.1963, c. 6, s. 2.