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Authorizing Acceptance of a Testamentary Bequest of $397,028.11 Pursuant to N.J.S.A. 40A:5-29 for Use by the Senior Citizen Center
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WHEREAS, the Township of South Brunswick has been notified that, pursuant to the Last Will and Testament of Edith D. Neimark, the Township is the beneficiary of a cash bequest in the amount of Three Hundred Ninety-Seven Thousand Twenty-Eight Dollars and Eleven Cents ($397,028.11); and
WHEREAS, the terms of the testamentary bequest provide that the funds are to be used for the benefit and purposes of the Township's Senior Citizen Center, for enhancement of senior services, especially transportation; and
WHEREAS, N.J.S.A. 40A:5-29 authorizes a local unit to accept bequests, legacies and gifts made to it and to utilize such bequests, legacies and gifts in accordance with the conditions of the bequest, provided that such use is not inconsistent with the laws of the State of New Jersey or the United States; and
WHEREAS, the Township gratefully desires to formally accept this gracious bequest and to ensure that the funds are accounted for and utilized in accordance with the terms and conditions of the Last Will and Testament.
NOW, THEREFORE, BE IT RESOLVED by the Governing Body of the Township of South Brunswick, County of Middlesex, State of New Jersey, as follows:
Acceptance of Bequest. The Township hereby accepts the cash bequest in the amount of $397,028.11 made to the Township pursuant to the Last Will and Testament of Edith D. Neimark.
Purpose of Funds. The funds shall be dedicated and used for the enhancement of senior services, especially transportation, or other lawful purposes of the Township's Senior Citizen Center, consistent with the terms and conditions of the testamentary bequest.
Accounting of Funds. The Township Chief Financial Officer is hereby authorized and directed to receive and account for the funds in accordance with applicable law and the requirements of the Division of Local Government Services, including any applicable budget rider or other required municipal accounting procedure.
Authorization. The Mayor, Township Manager, Chief Financial Officer, Township Clerk, and other appropriate municipal officers are hereby authorized to execute such documents and take such actions as may be necessary to effectuate the acceptance and proper administration of this bequest.
Compliance with Will. Nothing herein shall authorize the use of the bequest in a manner inconsistent with the terms of the Last Will and Testament, N.J.S.A. 40A:5-29, or any other applicable State or federal law.
Effective Date. This Resolution shall take effect immediately upon adoption.
BE IT FURTHER RESOLVED that a certified copy of this Resolution shall be provided to the Township Chief Financial Officer, Township Attorney, and such other persons or entities as may be appropriate.