April 12, 2022 |
Filing
115
ORDER: Upon reading and filing the APPLICATION TO PURCHASE REAL PROPERTY AND TO MAKE EXPENDITURES by ORANGE BANK & TRUST COMPANY, as Trustee of THE G.C.W. SETTLEMENT FUND MANAGEMENT TRUST, and all exhibits annexed thereto; these papers supporting an application for the partial withdrawal of funds from the G.C.W. SETTLEMENT FUND MANAGEMENT TRUST (GCWSFM Trust) as follows: (i) The sum of $527,765.00 for the purchase of newly constructed real property located at Subdivision Country Club Rid ge at Crystal Springs II, a planned Community in the Township of Hardyston, County of Sussex, State of New Jersey, more specifically described as Dominica Spring Model, Set/Version #DSP00-01, Legal Lot 1.23, Block 16.30, with a property address of 41 Coventry Road, Hamburg, New Jersey 07419, with the Trust to be the title holder of said property; (ii) The sum of not more than $15,350.00 for necessities for the home; (iii) The payment of the annual cost of the real estate taxes for the home located at 41 Coventry Road, Hardyston, New Jersey 07419; (iv) The payment of the annual cost of homeowner's insurance for the home located at 41 Coventry Road, Hamburg, New Jersey 07419; (v) The payment of the monthly maintenance fee for the h ome located at 41 Coventry Road, Hardyston, New Jersey 07419; (vi) An amount not to exceed $2,500.00 to cover the family's moving costs from New York to New Jersey; and (vii) Reasonable attorney's fees for the preparation and filing of the instant application. IT IS ORDERED, that upon the service of an attorney-certified copy of this Order upon and officer of ORANGE BANK & TRUST COMPANY as Trustee of the GCWSFM TRUST, the Bank, as Trustee of the GCWSFM TRUST, shall make the follow ing payments: (i) The sum of $527,765.00 for the purchase of newly constructed real property located at Subdivision Country Club Ridge at Crystal Springs II, a planned Community in the Township of Hardyston, County of Sussex, State of New Jerse y, more specifically described as Dominica Spring Model, Set/Version #DSP00-01, Legal Lot 1.23, Block 16.30, with a property address of 41 Coventry Road, Hamburg, New Jersey 07419, with the Trust to be the title holder of said property; (ii) The su m of not more than $15,350.00 for necessities for the home; (iii) The payment of the annual cost of the real estate taxes for the home located at 41 Coventry Road, Hamburg, New Jersey 07419; (iv) The payment of the annual cost of homeowner&# 039;s insurance for the home located at 41 Coventry Road, Hamburg, New Jersey 07419; (v) The payment of the monthly maintenance fee for the home located at 41 Coventry Road, Hamburg, New Jersey 07419; (vi) An amount not to exceed $2,500.00 to co ver the family's moving costs from New York to New Jersey; and (vii) The sum of $3,185.00 to THE LAW OFFICE OF JOHN M. DALY for the preparation and filing of the instant application papers. SO ORDERED. (Signed by Magistrate Judge Katharine H. Parker on 4/12/2022) (vfr) Transmission to Finance Unit (Cashiers) for processing.
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