RUMSON LOTS TO BE AUCTIONED NEXT MONTH

Two borough-owned lots are headed for the the auction block. (Click to enlarge)

By JOHN T. WARD

Two residential building lots created by the November demolition of Rumson’s former police station are expected to yield at least $800,000 for the town.

The borough council agreed Tuesday night to auction the adjoining Center Street lots separately, each with a minimum bid of $400,000, Administrator Tom Rogers tells redbankgreen.

The lots, which conform to area residential zoning requirements, will be sold at a live auction in the council chambers at 7 p.m. on Tuesday, February 28.

“We know there’s interest out there,” said Mayor John Ekdahl, noting that a number of individuals and developers had inquired about the availability of the property.

In a conversation earlier Tuesday, Ekdahl had anticipated the floor bid to be set at $500,000. redbankgreen was unable to determine at post time early Wednesday why the minimum bid was changed.

The property was the site of an AT&T phone-switching system from the 1940s into the 19060s, when the police department moved in. The department moved into space in the new borough hall on East River Road two years ago.