220/230 W. Crescent Avenue

June 10, 2019 Update

• The “due diligence” process continues.
• Bob Benecke of Benecke Economics has been tasked with creating the PILOT. Mayor and Council representatives will be meeting with him in the next few weeks to discuss.
• The Vision Committee met. Room requirements for the community/senior center were discussed.
• The architects, Z Plus (retained by Hampshire), are moving forward with the schematic building design. Allendale has retained Bruno Cividini, architect/PE, to help guide us through this process and next steps with various engineers.
• A needs/work-flow assessment is being conducted with Borough employees for the new Borough Hall.
• Environmental due diligence came back with additional contaminants under the parking lot in back building (230 West Crescent Ave.) This has been reported to the NJDEP. Allendale has retained its own consultant, RTP, to advise and guide the Borough through necessary processes and to ensure that the recommended plan and outcome is executed. They will be working in conjunction with the environmental firm from Hampshire (J.M Sorge Inc.).
• Fair share housing-compliance certification is moving along. Allendale continues to work with its planner, Mary Beth Lonergan.
• 5000 sq.ft. storage facility contract has been finalized and agreed upon by all parties. This is for the storage space that the Borough will be utilizing in 230 West Crescent Ave.

April 30, 2019 Update

  • The Vision Committee met April 2, 2019 and members have been visiting several “community/senior” centers in the northern New Jersey area for informational purposes.
  • The “due diligence” period continues as does the preparation and negotiation of ancillary agreements with the Buyer, including but not limited to a Redevelopment Plan, PILOT Agreement, and construction contract etc.

March 20, 2019 Update

Below is a high-level overview of the development at the 220/230 West Crescent Avenue properties:

  • In December 2018, the Borough signed a contract to sell certain portions of the two properties located at 220 and 230 West Crescent Avenue to Hampshire Properties (“the Buyer”). The Borough gave a presentation of the details of the Purchase and Sale Agreement by Mayor Emeritus Liz White in December 2018.
  • In connection with the Contract of Sale, the Buyer has a set period of time to conduct its “due diligence” inspections of the properties to determine if there are any impediments with the purchase. While the “due diligence” period has not yet been concluded, by all indications, the results of the inspections have been favorable and it appears likely that the Buyer will be proceeding with the transaction accordingly.
  • During this “due diligence” period, the Borough has been very busy preparing and negotiating several ancillary agreements with the Buyer, including but not limited to a Redevelopment Plan, PILOT Agreement, and construction contract etc.
  • Once the “due diligence” period is concluded, the ancillary documents are completed, and it is confirmed that the Buyer will be moving forward, the Borough will then be proceeding with and continuing its discussions and plans to develop the front part of 220 West Crescent Avenue property to build a new municipal facility (i.e. Borough Hall and community/senior center).
  • On March 18, 2019, the Borough met with the Vision Committee to review an initial concept plan and further explain the steps of the process. We plan to meet again in early April.
  • Once the due diligence period is completed, the Borough intends to be as transparent as possible by giving ongoing updates via the Borough website in a separate tab called 220/230.