N.J. Admin. Code § 19:31C-1.4

Current through Register Vol. 56, No. 17, September 3, 2024

Section 19:31C-1.4 - Proposal request

(a) The public notice of opportunity to lease shall request proposals for a lease of a particular parcel or building, which shall include the time, date, and format in which the proposal is to be submitted. The notice shall also include a name and phone number or other contact information potential lessees can use to obtain additional information about the leasing opportunity.

(b) Each public notice of opportunity to lease shall specify material terms of the lessor-lessee relationship that are to be proposed by potential lessees and material terms that are required for the particular lease and not subject to bidding shall be specified either through the advertisement for notice of opportunity to lease, a specimen form of lease agreement, or on the Authority's website.

(c) Proposals will be opened on the date specified in the public notice. After proposals have been publicly opened, FMERA may seek best and final proposals from one or more potential lessees that timely submitted a responsive proposal for the particular real property and accompanying personal property.

N.J. Admin. Code § 19:31C-1.4