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In addition to the current lack of local funds designated for open space purchases, Village Manager James Ten Hoeve disclosed last night another issue that might complicate purchase of the 7-acre Schedler property, located at the intersection of West Saddle River Road and Route 17.
The property is expected to be sold to the highest bidder sometime during 2008. Estimated sale price, originally reported by Ten Hoeve’s office to be between $3.5 and $4 million, is now being projected as $2.5 million.
Open Space Committee members had targeted three Village properties for purchase in a master plan developed quite some time ago. Two of the three properties have already been purchased; the former Habernickel estate on Hillcrest Road, and the Bozzo property at 54 South Monroe Street.
Ten Hoeve revealed last night that a single family house sits mid-property, and it has been discovered that the house is registered on a locally maintained list as being “historic.” Thus, it might not be possible to simply demolish or move the structure to make room for playing fields (the intended purpose of the Open Space Committee).
The entire property is now zoned residential. Councilwoman Kim Ringler-Shagin, who also serves on the Planning Board, hinted last night that the property might be better utilized as a location to build housing in support of the Village’s current and future COAH obligations.
