HomeMy Public PortalAboutr 16-075Poolution of t4v !�urollg4 of Qlarteret, �q° 4,
16 -75 Dale of Adoption AB 1 7 20 16
RESOLUTION OF THE BOROUGH OF CARTERET, IN THE
COUNTY OF MIDDLESEX, DESIGNATING QUANTUM REAL
ESTATE GROUP, LLC AS THE CONDITIONAL REDEVELOPER
No.
WHEREAS, on April 10, 2014, the Borough Council (the "Borough Council ") of the
Borough of Carteret (the "Borough ") adopted a resolution designating the properties
identified as Block 6501, Lots 1, 2 and 18, and Block 6502, Lots 1, 2, 3, 4, 5, 6, 7, 8, 9,
10, 11, 12, 13, 14 & 15 on the tax map of the Borough (the "Cooke Avenue Mixed -Use
Redevelopment Area ") as an "area in need of redevelopment' under the Local
Redevelopment and Housing Law, N.J.S.A. 40A:12A -1 et seq. (the "Redevelopment
Law"); and
WHEREAS, on May 15, 2014, the Borough Council adopted an ordinance approving
and adopting a redevelopment plan for the Cooke Avenue Mixed -Use Redevelopment
Area, prepared by Beacon Planning and Consulting Services, LLC and dated April 2014
(the "Cooke Avenue Mixed -Use Redevelopment Plan'); and
WHEREAS, Quantum Real Estate Group, LLC ( "Quantum ") has expressed a desire to
redevelop the Cooke Avenue Mixed -Use Redevelopment Area; and
WHEREAS, the Borough Council has determined that Quantum is capable of
undertaking the redevelopment of the Cooke Avenue Mixed -Use Redevelopment Area.
NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED by the Mayor and
Council of Borough of Carteret, in the County of Middlesex and the State of New Jersey,
as follows:
Section 1. The aforementioned recitals are incorporated herein as though fully
set forth at length.
Section 2. Quantum is hereby conditionally designated as the redeveloper of
the Cooke Avenue Mixed -Use Redevelopment Area.
Section 3. The within conditional designation is hereby made for a limited
period of sixty 60) days.
Section 4. This resolution shall take effect invnediately.
Adopted this 7" day of April, 2016
and certified as a true copy of the
original on April 8; 2016.
KATHLEEN Nt. BARNEY, NIMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A. n.
COUNCILMAN
YES
I NO
NV
A.B.
BREW
X
tit
X
X
X
X
X
X - Indicate Vote All - Absent NV - Not Voting
XOR ludicates Vote m Overmle Veto
Adopted at a meeting of the Municipal Council
April 7, 2016
CLERK
LOA