PUBLIC NOTICE

NOTICE OF PRIVATE SALE OF REAL ESTATE BY THE TOWNSHIP OF WATERFORD, COUNTY OF CAMDEN

           PLEASE TAKE NOTICE that pursuant to N.J.S.A. 40A:12-13(b), the Township of Waterford has authorized for private sale the following properties to the owners of real property contiguous thereto as the Township owned property is less than the minimum size for development under the Township Zoning Ordinance and is without any capital improvements.  Any offers for the property identified hereinbelow may be made to Dawn M. Liedtka, RMC, Township Clerk, at the Township of Waterford Municipal Building, 2131 Auburn Avenue, Atco, New Jersey, 08004, for a period of twenty (20) days from May 19, 2025, the date of advertisement of this Notice until 10:00 a.m. on June 9, 2025, for not less than the minimum prices set forth herein below.  All Bids must be submitted in a sealed envelope which is marked as a Bid and the block and lot numbers shall be placed on the exterior of the envelope.  The sale will be in accordance with the following terms and conditions.

            The properties being sold are subject to Federal, State and Municipal Laws and Regulations, including applicable Ordinances, easements, conditions, restrictions and rights of way of record and such facts as an accurate survey may disclose. 

            The properties to be sold are undersized for development under the Township Zoning Ordinances.  Bids will be limited to contiguous landowners only.

            The properties to be sold are described as follows:

Block              Lot      Property Location                 Size of Parcel             Bid Minimum

2603                3          673 Raritan Ave                      0.5188 acres                $15,000.00

4106                23        664 Pacific Ave                      0.5165 acres                $18,000.00

The sale of the property being made subject to the terms, conditions, restrictions and limitations of a Letter Contract between the successful Bidder and the Township and the following terms and conditions:

                                                            Terms of Sale:

1. The property is being sold in an “AS IS” “WHERE IS” condition.  The successful Bidder is responsible for conducting any and all inspections and testings on the property at its own cost and expense.
2. The successful Bidder shall pay pro-rated real estate taxes for the balance of the current year as of the date of the closing of title. 
3. The closing of title to the property is “time is of the essence” and must take place within 30 days from the date of the acceptance of the Bid by the Township Committee.  In the event said purchaser shall fail to make settlement within that time period, the 10% deposit shall be forfeited as liquidated damages. 
4. A 10% deposit is required to be paid by the successful Bidder within 72 hours of notification from the Township that said party is the successful Bidder.  If the 10% deposit is not made within that time period, the Township has the right to accept the Bid from the next highest Bidder.
5. A Bargain and Sale Deed shall be the document of conveyance and no warranties or representations as to title are made by the Township.  If, however, the Township is unable to convey marketable title, any deposit monies received will be returned. 
6. The confirmation of the sale by the Governing Body will be a complete acceptance of the Bid and thereafter within 30 days from said confirmation, the settlement must be completed by the successful Bidder.  In the event the successful Bidder defaults and fails to complete the settlement within that time period allowed, the down payment shall be forfeited to the Township’s liquated damages. 
7. The lots being offered for sale are subject to existing liens, encumbrances, judgments, zoning regulations, easements, Department of Environmental Protection regulations and any other regulations which said facts would be revealed by a title report and accurate survey which the Township is not undertaken.  The Township makes no representations as to any previous use of the property and does not guaranty clear title to the property.
8. The successful Bidder shall be required to pay all conveyance expenses including transfer taxes, legal fees, and pro-rated advertising cost and to provide at its own expense a title search and legal description to the Township for the preparation of the Deed of Conveyance. 
9. At the closing, the Township will transfer the Township’s rights of ownership of the property to the successful Bidder.  This transfer of ownership shall be subject to (a) easements and restrictions of record, (b) the stated interest, if any, of the United States and/or the State of New Jersey to the lands now or formally flowed by tidewaters, (c) flooding and drainage rights, if any, of adjoining property owners in streams or water courses bounding or crossing the property in any way, (d) rights, public and private of any part of the premises including within the lines of the street or right-of-way, (e) rights of adjoining owners, (f) any facts that the land or buildings located thereon which a correct survey would disclose, (g) any and all applicable governmental regulations, (h) occupants/tenants of the property, if any, (i) any facts which will be disclosed by a title search, (j) environmental contamination, and (k) the possibility of title being voided due to an irregularity in the proceedings utilized by the Township to acquire or dispose of the property. 
10. The successful Bidder must execute a Letter Contract which will be provided to the successful Bidder within 72 hours of notification from the Township that said party is the successful Bidder. 
11. The contiguous land owners for the purposes of this sale shall be limited to the legal owner of record as of the date of this sale.  Contract purchasers and tax lien owners are not deemed contiguous for the purpose of this sale.  The description and location of the land is for information purposes only, and prospective Bidders should examine the Property prior to Bidding to verify this information. 
12. The Township does hereby reserve the right to reject and all Bids received on the properties identified herein or to withdraw this offer to sell at any time prior to the sale, without cause or advertisement of same. 
13. Any material prepared and distributed in connection with this sale is for convenience purposes only and is intended to give prospective Bidders a general understanding of the condition, location and size of the property.  The Township of Waterford is not responsible for errors that may appear in such materials.  Each prospective Bidder is urged to thoroughly research and examine the property prior to placing a Bid.  The property can be made available for inspection by appointment only.  Prospective Bidders desiring to inspect the property should contact Dawn M. Liedtka, RMC, Township Clerk, at 856-768-2300 between the hours of 9 A.M. and 4 P.M. to make an appointment.                            

TOWNSHIP OF WATERFORD  

                                                                        Dawn M. Liedtka, RMC, Township Clerk

                                                                        2131 Auburn Avenue, Atco, NJ 08004

                                                                        856-768-2300