Legal Notice: ORDINANCE AUTHORIZING THE ACQUISITION OF CERTAIN REAL PROPERTY IN THE CITY OF GLOUCESTER CITY, COUNTY OF CAMDEN AND STATE OF NEW JERSEY FOR CERTAIN PROPERTY LOCATED AT 500 MONMOUTH STREET AND IDENTIFIED AS BLOCK 53, LOT 5 ON THE OFFICIAL TAX MAP OF THE CITY OF GLOUCESTER CITY WHEREAS, the Mayor and Common Council have determined that it is in the interest of the City residents to purchase the property known as Block 53, Lot 5, known as the PNC Bank, owned by the PNC Bank (“Seller”), in the City of Gloucester City; and WHEREAS, the Local Lands and Buildings Law, N.J.S.A. 40A:12-1 et seq., provides that a municipality may, by ordinance, provide for the acquisition of real property or an interest therein by purchase, gift, devise, lease, exchange or condemnation; and WHEREAS, the owners of Block 53, Lot 5, PNC Bank has offered to sell said property to the City of Gloucester City; and WHEREAS, subject to the terms and conditions, including the formal adoption of this Ordinance, the Seller agrees to sell and the Buyer agrees to purchase Block 53, Lot 5, on the Tax Map of the City of Gloucester City, consisting of approximately 0.45+/- acres, along with a 3,196 SF building plus basement; and WHEREAS, the City reserves the right to seek additional grant funding from various federal and state agencies. NOW, THEREFORE, BE IT ORDAINED by the Mayor and Common Council of the City of Gloucester City, County of Camden, State of New Jersey, as follows: Section 1. The provisions of the WHEREAS clauses set forth above are incorporated herein by reference and made a part hereof, as if fully set forth at length. Section 2. The City of Gloucester City hereby authorizes the acquisition of 500 Monmouth Street, also known as Block 53, Lot 5, as shown on the Tax Map of the City of Gloucester City, for public use which property is to be conveyed to the City. Section 3. There is hereby appropriated the sum of $525,000.00 or said purchase pursuant through various sources, including the City of Gloucester City and/or through Bond Anticipation Notes, or a combination thereof as appropriate, as recommended by the City’s Chief Financial Officer. Section 4. The Mayor, Administrator, Clerk and City Attorney and all other proper officers of the City of Gloucester City, are hereby authorized and directed to take any and all actions necessary to effectuate the purposes of this Ordinance. Section 5. No debt is to be authorized by the enactment and passage of this Ordinance. Section 6. All Ordinances of the City of Gloucester City, which are inconsistent with the provisions of this Ordinance, are hereby repealed to the extent of such inconsistency. Section 7. If any section, subsection, sentence, clause or phrase of this Ordinance is for any reason held to be unconstitutional or invalid, such decision shall not affect the remaining portions of this Ordinance. Section 8. This Ordinance shall take effect immediately upon final passage, approval, and publication as required by law. PUBLIC MEETING NOTICE is hereby given that the foregoing ORDINANCE was introduced and passed at a meeting of the Common Council of the City of Gloucester City, County of Camden, New Jersey, held on the 22nd day of April, 2024 and will be considered for final passage after a public hearing at a meeting of the Common Council of the City of Gloucester City to be held on May 30, 2024, 313 Monmouth Street, Gloucester City, New Jersey. Copies of the full ordinance as introduced are available without cost to any member of the general public during regular business hours from the Office of the City Clerk, 512 Monmouth Street, Gloucester City, New Jersey 08030, phone number being (856) 456-0205. Vanessa L. Little, City Clerk Dated:5/1/24 Prt's Fee:$52.20 Affidavit Fee:$5.00