[HISTORY: Adopted by the Mayor and Council of the Borough of Waldwick 2-13-79 as Ord. No. 2-79. Amendments noted where applicable.]
It is hereby determined that:
A. 
The first-floor area of the building erected by the Borough of Waldwick on land owned by it which is commonly known or designated as "20 Whites Lane" is suitable for the purposes authorized by this ordinance and is not otherwise needed for public use, dedicated or restricted pursuant to law.
B. 
Waldwick Volunteer Ambulance Corps, Inc., sometimes known or referred to as "Walvac" is a nonprofit corporation organized and existing pursuant to Title 15 of the Revised Statutes of New Jersey which, pursuant to the purposes of such incorporation, provides first-aid, rescue and emergency services without charge for the benefit of all residents of the Borough of Waldwick, thereby contributing significantly to promoting the health, safety and general welfare of the community.
In accordance with N.J.S.A. 40A:12-14 and 12-15 and subject to the terms and conditions hereinafter set forth, the Mayor and Clerk of the Borough of Waldwick are hereby authorized to execute on behalf of the Borough a lease agreement with Waldwick Volunteer Ambulance Corps, Inc., as lessee, covering the first-floor area of the building owned by the Borough and commonly known as "20 Whites Lane," Waldwick, New Jersey, and to be used as a headquarters for Waldwick Volunteer Ambulance Corps, Inc., and for the purpose of garaging ambulances and rescue vehicles owned by it. The rights of the lessee shall be nonexclusive as to common areas designated and used as access for the remainder of the building.
The lease hereby authorized shall contain a provision whereby Waldwick Volunteer Ambulance Corps, Inc., agrees and undertakes to continue to provide emergency first-aid, ambulance and rescue services available to all of the residents of Waldwick.
The consideration for the lease hereby authorized shall be the benefits to the Borough and its residents of providing for the protection and promotion of the health, safety and general welfare of the community.
[Amended 3-25-08 by Ord. No. 5-08]
The initial term of the lease hereby authorized shall expire December 31, 2008, but shall be renewable at the option of the parties for twenty-four (24) additional periods of one (1) calendar year each. The Borough shall have the right to terminate the leasehold upon sixty (60) days' notice to the lessee when, in the opinion of the Mayor and Council, such termination is in the best interest of the Borough and its residents.
In December of each year during which the agreement hereby authorized is effective, Waldwick Volunteer Ambulance Corps, Inc., shall submit to the Mayor and Council of the Borough a written report setting out the use to which the leasehold was put during that year; the activities of Waldwick Volunteer Ambulance Corp., Inc., undertaken in furtherance of the public purpose for which the leasehold is granted; the approximate value or cost, if any, of such activities in furtherance of such purpose; and an affirmation of the continued tax-exempt status of Waldwick Volunteer Ambulance Corps., Inc., as a nonprofit corporation pursuant to both state and federal law.
The Borough Council of Waldwick shall be responsible for enforcement on behalf of the Borough of the conditions of the agreement executed pursuant hereto.