Council accepts bids on three borough parcels; two sales completed, one passed with no bids
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Summary
At the April 17 meeting the council accepted winning bids on two municipal lots and closed a third auction without a sale. The council approved sale of a conforming Isabelle Avenue lot for $25,000 and a neighboring nonconforming lot for $6,725; a third property drew no bids and remains unsold.
Hopatcong offered three municipal properties for public auction April 17; council members accepted winning bids on two lots and closed the third auction after no offers.
Attorney Madison opened the session noting the deposit and legal-fee requirements for successful bidders. The first parcel — listed as Lot 70107 (Isabelle Avenue) — drew one visible bidder and the council accepted the minimum opening bid. On a roll call, the council authorized the sale at $25,000; purchasers identified themselves in the meeting record as Elizabeth and Keith Terwiller.
Two nonconforming lots were then auctioned to adjacent property owners. Block 40909, Lot 6 (1 Toledo Court) received a winning bid of $6,725; the council approved the sale and recorded the purchaser’s name as Cameron Trout. A second nonconforming parcel, Block 40414, Lot 39 (124 Jefferson Trail), attracted no bids and the council closed that auction with no sale.
Clerk and attorney staff reminded buyers that required deposits (10% of the bid) and a $450 legal fee were due by the borough’s stated deadline and that closings would be processed through the clerk’s office.
Ending: Successful bidders were given follow-up instructions and the unsold lot will remain on the market for future disposition.