N.J. Admin. Code § 19:31C-1.12

Current through Register Vol. 56, No. 17, September 3, 2024

Section 19:31C-1.12 - Evaluation

(a) FMERA shall evaluate each lease proposal received in accordance with this subchapter and shall identify the proposal(s) determined to be responsive to all material elements set forth in the notice, including, but not limited to:

1. The rent rate per square foot;

2. The lease term;

3. The total tenant investment during lease term;

4. The estimate of jobs to be created or relocated to the parcel;

5. The potential lessee's financial capacity to meet the proposed terms of the lease;

6. The use of leased space;

7. The impact to the host municipality; and

8. Confirmation that the potential lessee's proposed use is consistent with the Plan.

(b) Evaluation of proposals will be made based on the best interests of the Authority and the redevelopment plans for Fort Monmouth, price, and other factors.

N.J. Admin. Code § 19:31C-1.12