Millburn Day School: New Jersey Will Sell Property Rights For $3.55M

MILLBURN, NJ — New Jersey’s governor has cleared the way for the state to sell off its rights to the Millburn Regional Day School for $3.55 million in preparation for the property’s transformation into a fifth-grade school.

On Monday, Chis Christie signed S-2708/A-4064 into law, which “authorizes the state treasurer to convey surplus real property known as Millburn Regional Day School in Millburn Township to Millburn Township Board of Education or to Millburn Township for $3,550,000.”

According to the law, the property will be offered first to the Millburn Township Board of Education and second to Millburn Township for an appraised value of $3.55 million. If neither the Board of Education nor the township elect to purchase the property, the state is authorized to sell the property at a public auction for “fair market appraised value.”

• See related article: Chris Christie Signs 19 Bills Into Law, Including Domestic Violence Bill

The law clears the way for local plans to turn the property into a fifth-grade school, a project that will be paid for with a $25 million bond referendum that was overwhelmingly approved by voters in September.

• See related article: Millburn Voters Approve Day School Purchase, $25M Referendum

The referendum will also pay to update restrooms and burglar/fire/communication systems in the district, as well as “provide enhancements to programs for our students,” Millburn school administrators stated.

Millburn school officials previously stated that the state has determined that it will provide debt service aid in the amount of $7,618,199 on the proposed referendum projects, bringing the net cost of the proposed referendum to $17,974,977.

• See related article: Millburn Voters Prep For $25M School Referendum

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