Welcome Visitor
Today is Tuesday, October 15, 2019

Long Branch BOE Amends Sale Of West End School Agreement

LONG BRANCH: The Long Branch Board of Education has amended its resolution to sell the West End School to New Jersey Repertory Company for use as a new theater.

The BOE and NJ Rep entered into a purchase and sale agreement for the school, located at 132 West End Ave., on March 31 for $2.25 million. However, after NJ Rep performed its due diligence on the condition of the property, the BOE agreed to reduce the purchase price to $2.15 million.

The closing date for the purchase and sale of the school is Nov. 31, 2015, but that date can be pushed back due to the amendment passed by the BOE at its July 22 meeting.

On June 17, local attorney Scott Kelly filed a complaint in Monmouth County Superior Court against the city for its passage of the West End Overlay District zoning ordinance. The new zoning would allow NJ Rep to build a theater without having to obtain a use variance through the Long Branch Zoning Board of Adjustment.

"Both the Board of Education and Repertory Company are uncertain as to what effect, if any, the suit will have on the school as result of which Repertory Company has requested additional time to seek approval of an application for development," the resolution passed by the BOE states.

The BOE is willing to extend the closing date for the purchase and sale of the school to March 1, 2016 as long as NJ Rep files its application for development with either the city planning or zoning board on or before Oct. 1, 2015.

NJ Rep can terminate the agreement if it has failed to obtain approval of its application for development by March 1 or if the litigation or any potential appeals "are of such a concern that future development and construction of the property would be compromised."

If NJ Rep does not notify the BOE before March 1 of a decision to terminate the agreement, the closing will take place on March 10.

To read more about NJ Rep's plans for the West End School, click here Word On The Shore exclusive story on the project.


Read more from: Long Branch

Share: 
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: