Borough to seek proposals to sell 82 Belvedere under conservatorship with clawback protection

Borough staff said on Sept. 11 they are preparing a request for proposals to sell 82 Belvedere, a property under conservatorship, to a small‑scale developer. The RFP will include clawback provisions to allow the borough to reclaim the property if the buyer fails to meet agreed rehabilitation obligations. Staff said the RFP will be circulated next week and that, if the borough accepts an offer, the sale will be submitted to the court for the judge’s approval as required by the conservatorship process. Borough counsel will be involved in all sale-related decisions going forward, staff said. This action is an attempt to transfer the property to a private party while protecting the borough’s redevelopment objectives; no buyer has been selected and no sale has yet been presented for judicial approval. Ending: Staff indicated counsel will advise on the RFP and sale terms; the council did not take a final sale action Sept. 11 and will return to the matter after proposals are received and a recommended buyer is identified.