ASSEMBLY STATE AND LOCAL GOVERNMENT COMMITTEE

STATEMENT TO

ASSEMBLY, No. 4178

STATE OF NEW JERSEY

DATED:  MAY 16, 2024

      The Assembly State and Local Government Committee reports favorably Assembly Bill No. 4178.

      This bill authorizes the State Treasurer to grant a temporary deed of easement for certain real property owned by the State within the Sea Girt National Training Center in the Borough of Sea Girt, Monmouth County.

      Under the bill, the State will grant a temporary deed of easement of 0.5175± acres to Confluence Networks LLC for the use of an existing underground telecom infrastructure for the installation of a new submarine cable system.  The temporary deed of easement will be for a term of 30 years for a one-time fee of $1,120,230, which represents the appraised value.

The State House Commission will set the terms and conditions of the temporary deed of easement.

      The easement was approved by the State House Commission at their meeting on November 20, 2023.