The Hightstown Borough Council unanimously approved a bond ordinance to lease four properties located along Bank and Mechanic Streets at their Borough Council meeting Tuesday, Feb. 19.
These lots, leased from Greystone Capital Partners, will be used for modular facilities that will provide temporary office space for municipal operations of the Borough and the Borough’s Police Department, the ordinance said. The lots, which cumulatively make up 0.44 acre, are located behind Ely House.
Both the Borough Hall and the Borough Police Department were rendered uninhabitable after sustaining flood damage from Hurricane Irene in August 2011.
The lots are currently involved in foreclosure proceedings instituted by TD Bank, the mortgagee of Greystone Capital Partners; TD Bank’s counsel has approved the lease agreement.
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