ROSELLE—The Borough is seeking developers for 12 municipal-owned, mostly residential lots, providing potential buyers with an opportunity to invest in developable properties.
Mayor Jamel C. Holley announced a “request for proposals” (RFP) has been issued as part of his administration’s ongoing effort to improve neighborhood quality while generating additional revenues.
“My administration, in conjunction with the Borough Council and our economic development team, is working to make significant progress regarding the generation of revenues in town,” Holley said. “We are striving to reduce the property tax burden on Roselle residents, and selling these properties to responsible developers is an important piece of that effort.”
The 12 lots, all located in Roselle’s 2nd Ward, are zoned for single-family residential use, with the exception of one lot that has mixed-use potential and another that can be developed as a two-family home or for industrial use.
When Holley came into office in 2012, one of his first priorities was to review all municipal assets, including Borough-owned vacant property that could be converted into a revenue generating property.
“As long as these properties remain fallow, they won’t produce any money for Roselle,” said Colleen Mahr, the Borough’s economic development coordinator. “These are clean, developable lots and the mayor rightly identified them as revenue opportunities.”
Mahr added that development of these lots would reduce other Borough expenditures, such as policing and maintenance of empty, town-owned land.
The Borough’s full property portfolio comprises more than 60 properties. According to Keith Barrack, special redevelopment counsel to Roselle, the Borough owned property initiative will promote the Mayor’s long-term vision for a revitalized commercial base and will provide property tax relief for the Borough’s residents.
Those interested in bidding on individual properties or on the entire listing must obtain the RFP in person at Roselle Borough Hall, located at 210 Chestnut Street in Roselle. A non-refundable fee of $25 in the form of a check or money order, payable to the Borough of Roselle, is required.
All bids must be received by Tuesday, July 16 at 11 a.m. A pre-proposal conference to address proposals and to answer questions will take place June 18 at 10 a.m. at Borough Hall.
To review the RFP, go to www.boroughofroselle.com. Additional questions can be answered by calling 908-259-3011.
Connect with NJTODAY.NET
Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!