The Township Clerk is hereby authorized to advertise for the
sale of 25 taxi owner's licenses in accordance with the provisions
of N.J.S.A. 48:16-2.3. Such licenses shall be offered for sale at
public auction, after advertising therefor in the Home News Tribune,
or any other designated official newspaper of the Township of North
Brunswick, as follows:
A. The minimum bid price shall be $5,000, 10% of which shall be paid
to the Township Clerk at the conclusion of the bidding as a nonrefundable
bid deposit. The balance shall be paid to the Township Clerk within
72 hours of the later of:
(1) Township Council resolution accepting a bid.
(2) Issuance of an owner's license pursuant to this chapter.
B. The award of licenses shall be conditioned upon the successful bidder
or bidders reimbursing the Township for any and all costs incurred
by the Township for the Township's compliance with the public
notice requirements of N.J.S.A. 48:16-2.1.
C. The Township reserves the right to reject all bids where the highest
bid is not accepted.
D. No license may be transferred within two years after issuance unless
such transfer is approved on the basis of death, disability, serious
illness or severe financial hardship as authorized by resolution of
the Township Council after a public hearing.
E. All bidders must comply with the application process set forth in §
311-9, Application process, herein, in addition to complying with the insurance requirements set forth in §
311-11, Insurance requirements, herein. If such requirements are not met within 15 days of the award of bid, the award shall be deemed null and void.