Commission Meeting

of

STATE HOUSE COMMISSION

LOCATION: Committee Room 12 DATE: June 29, 2000

State House Annex 9:00 a.m.

starting on page 13

MS. SCHLINDWEIN: Yes.

MR. McGLYNN: Item No. 11, RPR 00-31. The New Jersey

Department of Treasury, on behalf of the Department of Corrections, requests

approval to dispose of the Lloyd McCorkle Training School and to grant an

access easement to the Montgomery Township Board of Ed. The easement is

required to allow school bus and traffic access on Route 602. The property

consists of 78 acres and is located at Block 25001, part of Lot 27, in

Montgomery Township, Somerset County.

MS. SCHLINDWEIN: Is there a motion?

ASSEMBLYMAN LANCE: Moved.

DEPUTY TREASURER LAWRANCE: Seconded.

MS. SCHLINDWEIN: Any discussion?

MR. FERRARA: Yes, one question.

Tony, on this McCorkle School, we’re just dealing with the

easement, not the sale of the property itself.

Is there any negotiating going on to sell the entire property?

MR. MAZZELLA: The property negotiations are under way, and

we’ve reached agreement on the sale price. The issue of an easement has yet

to be valued, and once that’s valued, that will be added to the price.

So what we’re asking for approval to proceed on is the sale and the

granting of the easement, value to be determined.

MR. FERRARA: And you are voting on the sale of the property

also?

MR. MAZZELLA: Yes.

MR. FERRARA: Is that what I’m hearing you say?

11

MR. MAZZELLA: Yes.

MS. SCHLINDWEIN: Mr. Mazzella, is that the negotiations that

are ongoing with the Board of Education, the Montgomery Township Board

of Education?

MR. MAZZELLA: That’s correct.

MS. SCHLINDWEIN: Okay, and has there been appraisals of the

property?

MR. MAZZELLA: Yes, both parties conducted appraisals, and

we’ve reached, basically, a settlement at $4.46 million for the property.

Again, the easement was an added item in our negotiations, and

we’re having that valued -- that will be added to the 4.46.

MS. SCHLINDWEIN: Are there any other questions of the

Commission members? (no response)

Is there any public comment or questions?

Yes, sir, please come up forward to the microphone and identify

yourself for the record.

D O N A L D W. M A T T H E W S: My name is Don Matthews. I’m

Mayor of Montgomery Township and I just -- I’m just here to show my

support for this, so that’s basically my comment.

MS. SCHLINDWEIN: Mayor, we welcome you, and we thank

you for coming down today and for your support.

Thank you.

Anyone else? (no response)

Okay, may I have a call for the vote?

MR. McGLYNN: Deputy Treasurer Lawrance.

12

DEPUTY TREASURER LAWRANCE: Yes.

MR. McGLYNN: Associate Director Ferrara.

MR. FERRARA: Yes.

MR. McGLYNN: Assemblyman Lance.

ASSEMBLYMAN LANCE: Yes.

MR. McGLYNN: Chairman Schlindwein.

MS. SCHLINDWEIN: Yes.