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New Jersey Division of Taxation
Public Auction of Seized Property

Under the authority granted in N.J.S.A. 54:49-13a and R.S. 33:1-26, the property to be sold was seized for unpaid State taxes due from:

Moneypit, Inc.
140 East Wheat Road
Vineland, NJ 08360

PROPERTY FOR SALE:

State of New Jersey, County of Cumberland, City of Vineland
Plenary Retail Consumption License # 1614-33-029-003

LOCATION OF SALE:

City of Vineland Municpal Building
Council Chambers, City Hall
640 East Wood Street
Vineland, NJ 08360

DATE AND TIME: Cancelled

MINIMUM BID: $100,000.00

AUCTION TERMS & CONDITIONS FOR LIQUOR LICENSES

PAYMENT TERMS:

  • Successful bidders must make a minimum deposit of 25% of respective bid IMMEDIATELY following their successful bid. Failure to do so will result in forfeiture of the bid.
  • Payment must be in guaranteed funds such as cash, certified check, bank check or money order. No third party instruments will be accepted.
  • Balance, also in guaranteed funds, due by 12 noon on June 26, 2012 at the NJ Division of Taxation, 1915-A New Road, Route 9, Northfield, NJ 08225 or deposit monies will be forfeited.
  • Make checks payable to:  New Jersey Division of Taxation
OTHER CONDITIONS:
  • Successful bidder is responsible for license year 07/12-06/13 township renewal fee totaling $1,432.40 ($1,232.40 payable to the city of Vineland and $200.00 payable to the state of new jersey division of alcoholic beverage control commission) in guaranteed funds immediately following their successful bid.
  • This sale may be postponed or canceled at the discretion of the NJ Division of Taxation.
  • The NJ Division of Taxation reserves the right to receive or reject bids or bidders.
  • NJ Division of Taxation employees or any member of the employee’s immediate family may not participate in this public sale.
  • This liquor license is sold subject to any restriction imposed by the NJ Division of Alcoholic Beverage Control on this license as those set forth in N.J.A.C. 13:2-24 as well as any violations imposed by the municipality.
  • The successful bidder for the liquor license must submit a complete “good faith” transfer application to the municipality and pay the fee for the transfer of the license by Friday June 29, 2012. Failure to do so will result in forfeiture of all monies paid to the NJ Division of Taxation for the license.
  • The successful bidder for the liquor license must submit a renewal application to the municipality and pay the fee by June 29, 2012. Unless the municipality approves the transfer of the liquor license prior to June 29, 2012 failure to timely submit a renewal application will result in forfeiture of all monies paid to the NJ Division of Taxation for the license. The NJ Division of Taxation will assist with the renewal process at the request of the municipality. Any monies paid by the NJ Division of Taxation for the renewal of the liquor license will be reimbursed directly to the NJ Division of Taxation by the successful bidder.
  • If the successful bidder makes proper application for the transfer and renewal of the license, passes the background check conducted by the municipality follows all guidelines set by the municipality and the municipality denies the application, then the monies paid to the NJ Division of Taxation will be refunded. The NJ Division of Taxation then has the right to go to the next highest bidder or re-auction the license.

FURTHER INFORMATION REGARDING THIS SALE MAY BE OBTAINED FROM:

Nick Digrazio Supervisor investigator - (609) 645-6687




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