PRESS: BOROUGH & Y SETTLE A LAWSUIT

51-monmouthA proposed sale of the former borough hall by the Community YMCA has been tied up in litigation for nearly three years. (Click to enlarge)

One of two lawsuits pitting the Community YMCA against the borough of Red Bank has reached a tentative settlement that could be approved by the town council Monday night, the Asbury Park Press reports.

The deal would cost the borough $125,000 and clear the way for the Y to sell the former borough hall at 51 Monmouth Street to Red Bank Catholic High School, the newspaper reports.

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