| 55 | | - | An Act authorizing the State Treasurer to sell certain surplus real property and improvements owned by the State in the City of Jersey City, County of Hudson. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. The Legislature finds and declares that: a. The Holland Tunnel Service Garage is a parcel that sits in Jersey City outside the entrance to the Holland Tunnel, owned by the Department of the Treasury and maintained by the Port Authority of New York and New Jersey (PANYNJ); b. The PANYNJ has controlled this property since 1931 via legislation enacted concerning Bridge and Tunnel Unifications, P.L.1931, c.4; c. Legislative Committee notes indicate vesting of jurisdiction over the property with the PANYNJ in 1931, and a property map shows the area under PANYNJ jurisdiction as early as 1965; however, there is no evidence that a deed was ever recorded conferring title to the PANYNJ; d. The PANYNJ has exercised control over the Holland Tunnel Service Garage since its construction, and has assumed the payment of the original debt that was incurred at the time the facility was constructed in 1931; e. Since 1931, the State has not exercised any indicia of ownership or control over the Holland Tunnel Service Garage and since that time has acted as if the PANYNJ has been the property owner; f. The PANYNJ has been and will continue to be responsible for the monitoring, recordkeeping, reporting, and maintenance obligations for this property and any remediation action required because of the continued use and operation of the property; and g. Consistent with the historical and ongoing responsibilities assumed by the PANYNJ with respect to the property, it is fitting and proper to legally transfer ownership of the property to the PANYNJ. 2. a. The Department of the Treasury is authorized to sell and convey, as surplus real property, all of the State's right, title, and interest in and to the land and improvements thereon, known as the Holland Tunnel Service Garage, designated as Block 7203, Lot 2, in the City of Jersey City, County of Hudson, which has been declared surplus to the needs of the State. The property shall be conveyed to the Port Authority of New York and New Jersey for 1[a] the1 price 1[determined by the State House Commission] of $11. b. The sale and conveyance authorized by subsection a. of this section shall be executed in accordance with such terms and conditions as may be approved by the State House Commission. 3. This act shall take effect immediately. |
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| 45 | + | An Act authorizing the State Treasurer to sell certain surplus real property and improvements owned by the State in the City of Jersey City, County of Hudson. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. The Legislature finds and declares that: a. The Holland Tunnel Service Garage is a parcel that sits in Jersey City outside the entrance to the Holland Tunnel, owned by the Department of the Treasury and maintained by the Port Authority of New York and New Jersey (PANYNJ); b. The PANYNJ has controlled this property since 1931 via legislation enacted concerning Bridge and Tunnel Unifications, P.L.1931, c.4; c. Legislative Committee notes indicate vesting of jurisdiction over the property with the PANYNJ in 1931, and a property map shows the area under PANYNJ jurisdiction as early as 1965; however, there is no evidence that a deed was ever recorded conferring title to the PANYNJ; d. The PANYNJ has exercised control over the Holland Tunnel Service Garage since its construction, and has assumed the payment of the original debt that was incurred at the time the facility was constructed in 1931; e. Since 1931, the State has not exercised any indicia of ownership or control over the Holland Tunnel Service Garage and since that time has acted as if the PANYNJ has been the property owner; f. The PANYNJ has been and will continue to be responsible for the monitoring, recordkeeping, reporting, and maintenance obligations for this property and any remediation action required because of the continued use and operation of the property; and g. Consistent with the historical and ongoing responsibilities assumed by the PANYNJ with respect to the property, it is fitting and proper to legally transfer ownership of the property to the PANYNJ. 2. a. The Department of the Treasury is authorized to sell and convey, as surplus real property, all of the State's right, title, and interest in and to the land and improvements thereon, known as the Holland Tunnel Service Garage, designated as Block 7203, Lot 2, in the City of Jersey City, County of Hudson, which has been declared surplus to the needs of the State. The property shall be conveyed to the Port Authority of New York and New Jersey for a price determined by the State House Commission. b. The sale and conveyance authorized by subsection a. of this section shall be executed in accordance with such terms and conditions as may be approved by the State House Commission. 3. This act shall take effect immediately. STATEMENT This bill authorizes the State Treasurer to sell and convey to the Port Authority of New York and New Jersey the land and improvements on Block 7203, Lot 2, in the City of Jersey City, County of Hudson, known as the Holland Tunnel Service Garage. The property has been declared to be surplus to the needs of the State. The State House Commission will set the terms and conditions of the sale. The Executive Branch has expressed its desire to convey the property to the Port Authority of New York and New Jersey for $1. The Holland Tunnel Service Garage is a parcel of land in Jersey City located outside the entrance to the Holland Tunnel and owned by the Department of the Treasury. Since the property's construction in 1931 however, and as a result of State legislation concerning Bridge and Tunnel unification, the Port Authority of New York and New Jersey has exercised de facto ownership over the property, assuming the payment of original debt for the property's construction and exercising control over operations, record keeping, and maintenance. The State has acted as though the Port Authority owns the property despite the fact that there is no evidence to suggest that a deed was ever recorded conferring title to the Port Authority. Consistent with the historical and ongoing responsibilities assumed by the Port Authority, it is fitting and proper to legally transfer ownership of the property to the Port Authority of New York and New Jersey. |
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