|From:||Lenny Siegel <email@example.com>|
|Date:||Mon, 11 Jun 2012 18:12:48 -0700 (PDT)|
|Subject:||[CPEO-MEF] REUSE: Ft. Monmouth (NJ) property transfer|
Army accord with FMERA is official BY KENNY WALTER Red Bank Hub (NJ) May 24, 2012The redevelopment of Fort Monmouth is now officially in the hands of the Fort Monmouth Economic Revitalization Authority (FMERA) after the United States Army signed a memorandum of agreement (MOA) during a ceremony last week.
...The agreement allows FMERA to sell or lease 560 acres for the first phase of development of the fort's 1,100 acres, which are situated within the host communities of Tinton Falls, Oceanport and Eatontown.
The MOA summarizes the Economic Development Conveyance (EDC) agreement, the contract that will ultimately dictate the process of how and when the 1,126 acres of fort property will be transferred to private ownership. According to FMERA Executive Director Bruce Steadman, the contract outlines the process and timing by which the Army transfers property to FMERAand the division of responsibilities.
The MOA also stipulates that all proceeds from the sale or lease of fort property will be split down the middle, with the Army's profit going into the U.S. Treasury.
... For the entire article, seehttp://hub.gmnews.com/news/2012-05-24/Front_Page/ Army_accord_with_FMERA_is_official.html
-- Lenny Siegel Executive Director, Center for Public Environmental Oversight a project of the Pacific Studies Center 278-A Hope St., Mountain View, CA 94041 Voice: 650/961-8918 or 650/969-1545 Fax: 650/961-8918 <firstname.lastname@example.org> http://www.cpeo.org _______________________________________________ Military mailing list Military@lists.cpeo.org http://lists.cpeo.org/listinfo.cgi/military-cpeo.org
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