1 Collyer Lane, Basking Ridge, NJ 07920
Phone: 908-204-3001; Fax: 908-204-3015; Website:

Resolution #070407

Acceptance of Bid – New Plenary Retail Consumption Liquor License

F&H Gjakova LLC, 403 King George Road, Basking Ridge, NJ 07920

WHEREAS, the Township Committee has authorized, by Resolution #070294, the issuance of a plenary retail consumption liquor license and directed the publication of a Notice of Public Sale seeking qualified bids for the purchase of the said license; and

WHEREAS, a Notice of Public Sale was published establishing the conditions, requirements and qualifications of bidders pursuant to the Statutes of New Jersey, the New Jersey Administrative Code and the Township Ordinances on Alcoholic Beverage Control; and

WHEREAS, one bid application package was received by the Clerk of the Township and upon preliminary review by the Township staff, it was determined that the bidder was qualified to have his bid opened on August 14, 2007; and

WHEREAS, on August 14, 2007, at 3:15 PM, the bid was opened and the bid amount was publicly announced, with the bid being submitted by F&H Gjokova LLC, 403 King George Road, Basking Ridge, NJ 07920, in the total amount of $550,000.

NOW, THEREFORE, BE IT RESOLVED, by the Township Committee of the Township of Bernards, County of Somerset, State of New Jersey, that the bid ofF&H Gjokova LLC, 403 King George Road, Basking Ridge, NJ 07920, in the total amount of $550,000 is hereby accepted as the highest qualified bid, and the deposit of $110,000 shall be deposited with the Township Finance Officer as an initial deposit on the full bid amount and the eventual issuance of a plenary retail consumption liquor license to F&H Gjokova LLC, 403 King George Road, Basking Ridge, NJ 07920 subject to satisfaction of the following conditions precedent:

  1. Payment of the balance of the bid amount to the Township of Bernards in the amount of $440,000 by 9/6/07.
  2. Payment of the annual application fee to the State of New Jersey Division of ABC in the amount of $200 by 9/6/07.
  3. Payment of the annual application fee to the Township of Bernards in the amount of $400 by 9/6/07. (the balance of the original $2000 application fee originally submitted with the bid.)
  4. Compliance with the publication requirements under N.J.A.C. 13:2-2.1 et. seq.
  5. The satisfactory completion of further governmental background checks, including the satisfactory verification of the prequalification information and such additional information or documents as may be required by the Township relevant to the award of the license.
  6. Compliance with all terms as outlined in the Notice of Public Sale for Two Plenary Retail Consumption Licenses.

Agenda and Date Voted:08/28/2007

Explanatory Statement:

One bid was receieved on the plenary retail consumptin liquor license auction by the township. This bidder was prequalified and through this resolution will be awarded the license.

Denise Szabo

CERTIFICATION
I hereby certify this is a true and exact copy of a resolution adopted by the Bernards Township Committee on 08/28/2007.

Denise Szabo, Municipal Clerk