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WHEREAS, the property currently contains a single-family, residential home situated on an oversized lot, which may, in the future, be subdivided based upon the current zoning regulations; and

WHEREAS, the property contains a total of 3.96 acres and is located in the R-1 Residential Zoning District of the municipality, which permits single-family, residential development on lots of one (1) acre or greater; and

WHEREAS, the property includes a two-story, single-family residence containing approximately 3,139 sq. ft.; and

WHEREAS, the seller of the subject property is Sergey and Natalia Titovich, who have advised they are willing to accept the sum of $575,000.00 for the subject parcel; and

WHEREAS, the Township has negotiated this price in good faith with the current property owners and has agreed in principal to purchase same for this price in accordance with a draft contract, which is available on file at the office of the Township Clerk and can be reviewed by the public during normal business hours; and

WHEREAS, the Township has complied with the requirements of N.J.S.A. 40A:12-1, et seq. in order to permit the acquisition of said property; and

NOW THEREFORE BE IT ORDAINED by the Township Council of the Township of Jackson, County of Ocean, State of New Jersey, as follows:

SECTION 1. The Township hereby authorizes the acquisition of the subject property for and in consideration of $575,000.00, in accordance with the terms and conditions set forth in a proposed contract of sale, which is on file with the office of the Township Clerk, and can be reviewed during normal business hours.

SECTION 2. The Township authorizes and directs the Mayor, Township Clerk and Township Administrator to execute any and all necessary documents that will implement the intent of this Ordinance.

SECTION 3. If any section, subsection, sentence, clause, phrase or portion of this Ordinance is for any reason held to be invalid or unconstitutional by a Court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision, and such holding shall not affect the validity of the remaining portions hereof.

SECTION 4. This Ordinance shall take effect after second reading and publication as required by law.

DATE:

NOTICE IS HEREBY GIVEN that the foregoing Ordinance was introduced and passed by the Township Council on first reading at a meeting of the Township Council of the Township of Jackson held on the 22nd day of September, 2020, and will be considered for second reading and final passage at a regular meeting of the Township Council to be held on the 13th day of October, 2020, at 7:30 p.m., at the Township Municipal Building, located at 95 West Veterans Highway, Jackson, New Jersey, at which time and place any persons desiring to be heard upon the same will be given the opportunity to be so heard.

Janice Kisty, RMC

Jackson Township Clerk

MOTION TO CLOSE COMMENT HEARING, RESOLUTIONS ONLY BY: KERN MOTION SECONDED BY: FLEMMING YES: BRESSI, CHISHOLM, FLEMMING, KERN, SAUICKIE

COUNCIL PRESIDENT SAUICKIE Addressed Council-Based on our discussion in Executive Session. I would ask Council to consider a motion to authorize the settlement of certain litigation, (Jackson Township vs. Jackson Portfolio LLC), for discussion