N.J. Admin. Code § 19:35-5.15

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

Section 19:35-5.15 - Offer to purchase process for surplus real property: Notice of Award and purchase agreement

(a) The successful offeror shall be given a Notice of Award advising of the SDA's acceptance of its offer and award of a purchase agreement with respect to the purchase of the surplus real property.

(b) A Notice of Award shall be given in the manner, and within any time for acceptance of the offer, as may be specified in and in accordance with the terms and conditions detailed in the solicitation of offers to purchase.

(c) The Notice of Award shall be delivered together with the purchase agreement form, setting forth the negotiated agreement between the parties, for execution by the offeror.

(d) In the event that a signed purchase agreement was delivered together with the submitted offer, and the SDA does not object to any of the terms of the signed purchase agreement, the Notice of Award shall be delivered together with a fully executed counterpart of the purchase agreement.

(e) A copy of the Notice of Award shall be simultaneously provided to all unsuccessful offerors.

N.J. Admin. Code § 19:35-5.15

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