HomeMy Public PortalAboutr 14-130No. 141.33
Date of Adoptio Am 19,U
RESOLUTION OF THE BOROUGH OF CARTERET EXTENDING
THE CONDITIONAL DESIGNATION OF RJ HOSPITALITY
GROUP INC AS THE REDEVELOPER FOR THE PROPERTY
KNOWN AS TAX BLOCK 2701, LOTS 11 & 12 LOCATED
WITHIN THE MINUE STREET REDEVELOPMENT AREA AND
DESIGNATING THE CARTERET REDEVELOPMENT AGENCY
AS THE REDEVELOPMENT ENITY.
WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A: 12A-1 et
seq., as amended and supplemented (the "Redevelopment Law "), provides a process for
municipalities to participate in the redevelopment and improvement of areas in need of
redevelopment; and
WHEREAS, in accordance with the Redevelopment Law, the Borough of
Carteret (the `Borough ") declared that certain property in and aromld ivlinue Street as an
area in need of redevelopment (collectively, the "Redevelopment Area "); and
WHEREAS, the Borough adopted a redevelopment plan for the Redevelopment
Area (the "Redevelopment Plan"), which shall control the redevelopment of the
Redevelopment Area; and
WHEREAS, on December 19, 2013 the Borough adopted Resolution No. 13 -230
conditionally designating RJ Hospitality Group Inc (the "Company ") as the redeveloper
for the redevelopment of that portion of the Redevelopment Area consisting of Block
2701, Lots 11 & 12 (the "Project Area ") for a period of ninety (90) days as may be
extended as provided therein; and
WHEREAS, on April 4, 2014, as permitted by Resolution No. 13 -230, the
Borough extended the Company's designation for an additional ninety (90) days; and
WHEREAS, the Borough desires to extend the Company's conditional
designation as the redeveloper of the Project Area; and
WHEREAS, pursuant to the Redevelopment Law, specifically N.J.S.A
40A:12A -4, the Borough may designate a municipal redevelopment agency to act as the
redevelopment entity; and
WHEREAS, on February 1, 2001, and in accordance with the Redevelopment
Law, specifically N.J.S.A. 40A:12A -11, the Borough finally adopted Ordinance No. 01-
1, which established the Carteret Redevelopment Agency (the "Agency ") as an
instrumentality of the Borough; and
WHEREAS, the Borough seeks to designate the Agency as the redevelopment
entity for the Project Area in accordance with the Redevelopment Law; and
NOW, THEREFORE, BE IT RESOLVED as follows:
Section 1. The Agency is hereby designated as the redevelopment entity for
the Project Area.
Section 2. The Company's conditional designation as the redeveloper for the
Project Area shall be extended for an additional period of ninety (90) days, or as
otherwise may be further extended in accordance with Section 3 hereof, during which
time negotiation and execution of a redevelopment agreement with the Agency shall be
completed.
No. 14 -130
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Section 3. The Mayor, Chief Financial Officer, or Director of Law (each an
"Authorized Officer ") are hereby each severally authorized, after consultation with such
counsel and any advisors to the Borough (collectively, the "Borough Consultants "), as
such Authorized Officer deems necessary, desirable or convenient, in such Authorized
Officer's sole discretion, to extend the time period set forth in Section 2 hereof, but in no
event shall such additional period exceed ninety (90) days beyond the time period set
forth in Section 2 hereof.
Section 4. In the event that the Company has not executed a redevelopment
agreement with the Agency, all in accordance with the time periods set forth in Section 2
hereof, or as otherwise may be extended by an Authorized Officer, in such Authorized
Officer's sole discretion, in accordance with Section 3 hereof, the Borough's conditional
designation of the Company as redeveloper for the Project Area shall expire and be of no
further force and effect and neither the Borough or the Agency shall have any further
obligation to the Company.
Section 5. All actions of the Authorized Officers and the Borough
Consultants taken prior to the date of adoption hereof in connection with the
Redevelopment Area are hereby ratified and approved.
Section 6. This resolution shall take effect at the time and in the manner
prescribed by law.
Section 7. Upon the adoption hereof, the Borough Clerk shall forward
certified copies of this resolution to Matthew C. Karrenberg, Esq., DeCotiis, FitzPatrick
& Cole, LLP, Special Redevelopment Counsel to the Borough.
P&pted this 19th day of Am, 2014
and certified as a true copy of an
original on Am 20, 2014.
M'HBN M HAY, M
Msticipal Clerk
i t rWoptcd at a meet, m. of the %i a it ici pal Council
Jtme 19, 2014
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RL'COLLD OF COUNCIL VOTE
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i t rWoptcd at a meet, m. of the %i a it ici pal Council
Jtme 19, 2014
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