PRESS ROOM DETAILS:

The Borough of Belmar has determined that the Fifth Avenue Pavilion north end, hereafter referred to as “the property”, on the Boardwalk is not needed for public use and is not otherwise dedicated or restricted pursuant to law.

The Borough Clerk is hereby authorized and directed by the Mayor and Council to advertise for bids to lease said Property upon the following terms and conditions:

North end of the 5th Avenue Pavilion having a total square footage of approximately 1,300 square feet.    Bidders shall make their highest and best offer by way of sealed bid, the minimum bid for this lease is $8,000.00 per month.  A bid deposit of $1,000.00 is required to be submitted with the sealed bid in the form of certified check or money order payable to the Borough of Belmar. The Lease will be awarded to the highest bidder.

The property is leased in as is condition.

All equipment and fixtures will remain with the structure at the end of the lease and become the property of the Borough of Belmar.

The lease is for a term of five (5) years from the execution of the lease through December 31, 2025, with an option to renew for two (2) additional five (5) year terms.

 The Mayor and Borough Council reserve the right to reject all bids.

 The successful bidder shall be required to execute the form of lease available from the Borough Clerk during Borough business hours, the terms and conditions of said lease being incorporated in this Resolution and Notice to Bidders as if set forth fully herein.

  Sealed bids shall be submitted to the Municipal Clerk by February 25, 2021 601 Main Street, Belmar, New Jersey, at 11:00 a.m.

   BE IT FURTHER RESOLVED,  that the Borough Council shall accept or reject the bid or bids no later than the regular meeting of the Borough Council scheduled for March 16, 2021 otherwise said bids shall be deemed to have been rejected.