Lakewood City Bids, NJ

The sale of the property shall take place in accordance with the following timeline: action on the bid shall take place no later than the second regular meeting of the board following the bid opening.

The purchase price for the property shall be as indicated in the accepted bid the purchase price, payable as follows: purchaser shall pay the deposit defined herein to the escrow agent definedherein to be held and disbursed by escrow agent, pursuant to the provisions hereof, and shall bepaid to, or at the direction of, seller at the closing and purchaser shall pay the balance of purchase price, plus or minus prorationsprovided in this agreement, and any closing costs, to seller at closing by wire transfer ofimmediately available funds to the seller, or by other means acceptable to seller.

The board does not guarantee the condition of the property after the deed has been delivered to the successful bidder at the closing of title. This means that the property is being sold as is.

The agreement of sale, if awarded, shall be awarded to the highest responsible bidder in the boards discretion. Whenever two or more bids are equal, the board of education has the absolute discretion to accept either bid.

At the time of the opening of the bids, each bidder will be presumed to have inspected the property and to have read and become thoroughly familiar with the notice to bidders, instructions to bidders, bid specifications and any other bidding documents.

The successful bidder shall forfeit their $50,000 as liquidated damages for failing to enter into said agreement of sale. In the event the successful bidder enters into an agreement of sale and subsequently breaches the executed agreement of sale after all contingencies have been met, the board shall retain the earnest deposit monies paid pursuant to the bid documentscontract as a partial, nonexclusive measure of damages.

Prebid inspections of the property may be scheduled by appointment only from february 9, 2026 thru february 13, 2026 between the hours of 9: 00 a. m. and 2: 00 p. m. by contacting the purchasing manager, diane piasentini at **** or dpiasentini@lakewoodpiners. org.

The board has set a minimum bid amount of 1, 000, **** one million dollars for block 765, lot 1. 04 for the purchase of the property.

The purchase price will be paid in two parts: the deposit and the balance at closing by wire transfer. Purchaser shall pay the balance of purchase price, plus or minus prorations provided in this agreement, and any closing costs, to seller at closing by wire transfer of immediately available funds to the seller, or by other means acceptable to seller.

The seller makes no warranties or representations regarding the property. Seller makes no representation or warranty as to the truth, accuracy or completeness of any materials, data or information delivered by seller or its agents to purchaser in connection with the transaction contemplated hereby.

The highest bid will be considered based on the total price bid for each property. The highest bid will be considered based on the total price bid for each property.

Bidders must submit a stockholder or partnership disclosure statement. Pursuant to ****, chapter 33 n. j. s. a. 52: ****, all corporations and partnerships shall submit a statement with its bid which sets forth the names and addresses of all stockholders in the corporation or partnership who own 10 or more of its stock or of all individual partners in the partnership who own a 10 or greater interest therein.

The successful bidder will forfeit their $100,000 deposit if they fail to execute an agreement of sale. The successful bidder shall forfeit their 100, 000 as liquidated damages for failing to enter into said agreement of sale.

Prebid inspections are available by appointment from January 26, 2026, through January 30, 2026. Prebid inspections of the properties may be scheduled by appointment only from january 26, 2026 thru january 30, 2026 between the hours of 9: 00 a. m. and 2: 00 a. m. by contacting the purchasing manager, diane piasentini at **** or dpiasentini@lakewoodpiners. org.

The minimum bid amount is $37,500,**** for block ****, lot 193 and $15,000,**** for block ****, lot 16. The board has set a minimum bid amount of 37, 500, **** for block ****, lot 193 and a minimum bid amount of 15, ****0. 00 for block ****, lot 16 for the purchase of the propertys pursuant to n. j. s. a. 18a: 207.