N.J. Admin. Code § 19:35-5.10

Current through Register Vol. 57, No. 1, January 6, 2025

Section 19:35-5.10 - Offer to purchase process for surplus real property: negotiation with offeror(s)

(a) The SDA staff may negotiate terms of the disposition of surplus real property with one or more offerors that have submitted advantageous offers that are in the best interest of the school construction program, price and other factors considered, in accordance with the evaluation criteria set forth at N.J.A.C. 19:35-5.9(b).

(b) The SDA staff shall have the right to engage in exclusive negotiations with one offeror, or to negotiate with all offerors, or to negotiate with some, but not all, offerors responding to the solicitation for offers to purchase. The SDA's selection of one or more firms to engage in negotiations shall be based on an evaluation of the offers submitted, price and other factors considered.

(c) Negotiating with one offeror will not preclude the SDA from negotiating with other offerors, unless the SDA has entered into an exclusive negotiating period with an offeror in accordance with N.J.A.C. 19:35-5.11.

N.J. Admin. Code § 19:35-5.10

Adopted by 54 N.J.R. 647(a), effective 4/4/2022