New Jersey Assembly Bill A2295

New Jersey 2024-2025 Regular Session

• Introduced: 1/9/24
• Refer: 1/9/24
• Chaptered: 1/9/24
• Passed: 1/9/24

Caption

Authorizes State Treasurer to sell as surplus certain real property and improvements in Township of Woodbridge in Middlesex County.

Impact

The passage of A2295 demonstrates a move towards facilitating the efficient use of state resources by allowing the sale of properties deemed surplus. By transferring these parcels to the Township of Woodbridge, the state is effectively enabling local authorities to utilize the land for community developments or other municipal purposes. The legislation is indicative of broader state strategies to manage real estate assets effectively while also promoting local governance.

Summary

Assembly Bill A2295 seeks to authorize the State Treasurer of New Jersey to sell certain surplus real property, specifically portions of the former Woodbridge Development Center, to the Township of Woodbridge in Middlesex County. The bill outlines that the property consists of two non-contiguous parcels totalling approximately 2.321 acres and will be sold for an appraised value of $910,000. The transaction aims to sub-divide the property, retaining some rights and portions for the State while transferring ownership of the northern and southern areas to the local government.

Contention

While the bill presents significant opportunities for economic development at the local level, there may be points of contention surrounding the appropriateness of the sale price, potential future uses of the property, and any existing obligations tied to the land. Discussions among stakeholders could focus on ensuring the sale aligns with community needs and long-term planning objectives for the area impacted by the development center's closure in previous years.