First Report
A lawsuit has been filed against the Jackson Township Board of Education by Bais Yaakov of Jackson (Bais Faiga) alleging that the township breached a binding agreement for the sale of the Sylvia Rosenauer Elementary School, FAA News has learned.
The complaint, filed in Ocean County Superior Court, claims that Bais Yaakov was awarded the sale of the school property in December 2024 after submitting a $13.1 million bid. However, the lawsuit alleges that after months of negotiations, the Board of Education attempted to impose new and unexpected terms, including higher deposits and a shortened mortgage contingency period, before ultimately backing out of the deal.
The Board of Education formally approved the sale of the school back in September 2024, due to declining student enrollment and severe financial strain within the Jackson school district.
In December 2024, the Board accepted a $13.1 million bid from Bais Yaakov of Jackson for the property which was expected to undergo renovations and become the new high school campus for Bais Yaakov of Jackson students.
However, seems the "paperwork" process has been anything but rosy.
Attorney Adam Pfeffer, representing Bais Yaakov of Jackson, stated in the lawsuit, "The Jackson Township Board of Education has unilaterally changed the terms of the agreement and refused to fulfill its contractual obligations. This constitutes a clear breach of contract, and our client is seeking specific performance of the sale, along with damages.”
The lawsuit seeks a court order compelling the Board to finalize the sale, along with monetary damages and attorney’s fees.
The Jackson Township Board of Education has not yet commented on the lawsuit.
To join the FAA News WhatsApp Status, click here.
No comments:
Post a Comment