Legal Notice Lease of Parking Spaces-September 2026

NOTICE OF LEASE OF PARKING SPACES
OWNED BY THE TOWN OF MORRISTOWN
Notice is hereby given that the Town of Morristown will offer the lease of parking spaces in blocks
of 10 spaces up to a maximum of 140 spaces located at 200 South Street on a month to month basis
for a period of two (2) years with one option to extend for an additional twelve (12) month period.
The Town will accept bids at a public auction to be held at the Town of Morristown Town Hall,
200 South Street, Room 201, 2nd Floor, Morristown, New Jersey on Thursday, September 24, 2026
at 10:00 a.m., prevailing time.
1. The general terms and conditions of the bid shall be as follows:
a) The parking spaces shall be bid in blocks of 10 spaces up to a maximum of 140 spaces.
The spaces shall be leased on a month to month basis for a period of two (2) years with
one option to extend for an additional twelve (12) month period.
b) The minimum price is $110.00 per space per month.
c) The lessee will be given the option of designated spaces or the issuance of permits for
each parking space, and stickers to identify authorized permittees. If the lessee elects
the permit option, then at the start of the lease, the lessee shall provide the Town of
Morristown the name, telephone number, description of the automobile and license
number for each permit holder, and said list shall be updated regularly.
d) Use of the parking spaces will be limited to 6 a.m. to 9 p.m. on weekdays, and shall not
include weekends and state or federal holidays.
e) The Town, in its sole discretion, shall assign the blocks of parking spaces to the lessee.
If during the term of the lease it is necessary to reassign blocks of parking spaces, the
Town shall so advise the lessee and new block of spaces shall be assigned.
f) The highest bidder at the conclusion of the public auction must deposit with the Town
of Morristown one month's rent for each parking spaces leased, which will be retained
as a security deposit. The deposit shall be made by cash or certified check.
g) The highest bidder will be required to sign a lease agreement that shall contain
provisions requiring indemnification of the Town of Morristown, liability insurance of
the lessee, a non-assignment and non-subletting clause, and other terms and conditions
routinely contained in Lease Agreements.

h) The Town of Morristown reserves the right to reject all bids made on parking spaces
where the highest bid is not accepted. The Town of Morristown also reserves the right
to waive any informality in any bid.
i) In the events that there are two or more tied bids for parking spaces the Town reserves
the right to award the lease or leases to the bidder(s) bidding on the highest number of
spaces.
j) In the event that the successful bidder on any of the parking spaces fails to execute a
lease as a prepared by the Town of Morristown within thirty (30) days from the date of
the bid award then, at the sole and exclusive option of the Town of Morristown, any
such successful bidder may be rejected and the parking spaces may again be offered
for lease and the bidder shall forfeit the security deposit.
k) No lease between the Town of Morristown and any successful bidder shall contain any
provisions which are inconsistent with the general terms and conditions set forth herein
or as may otherwise be required by law.
2. All leases made pursuant to this auction shall be conducted in accordance with the
provisions of applicable law, particularly N.J.S.A 40A:12-14 et seq., as well as other
conditions set forth in the public advertisement.
3. Further information on the parking spaces may obtain from the office of the Business
Administrator, Town of Morristown, 200 South Street, P.O. Box 914, Morristown, New
Jersey 07963-0914 or call (973) 292-6625.