HomeMy Public PortalAboutr 17-107�Resolittl of toe Noroug4 of Tu rfere l, N. 1T.
No. _ 17 - 107 — Date of Adoption .hie 22, 2017
RESOLUTION OF THE BOROUGH OF CARTERET
11 THE COUNTY OF .MIDDLESEX REGARDING
CONDITIONAL REDEVELOPER DESIGNATION
WHEREAS, the Borough preNiously conditionally designated HC
Rede\clopment. LLC (11C). ). an affiliate of Hampshire Real Estate Companies.
as the redet eloper of a portion of the Federal Boule%and Rede\ elopment Area.
Phase I consisting of Block 2802. Lots 1. 2. 3. 4, i, 6. 7. 8 & 9 (the "Original
Project Area - ) under the Ne\\ Jersey Local Rede%elopment and Housing La%1,
N.J.S.A. 40A:12A -1 e/ seq.: and
WHEREAS, the Borough and an affiliate of 11C hate entered into a
redevelopment agreement in connection %Kith the redevelopment of a portion of
the Original Project Area consisting of Block 2803. Lots 1 and 3 (collectively.
1500 Blair Road "): and
WHEREAS, the Borough desires to designate 700 Federal Boule%and 2016. LLC.
an affiliate of 11C, as the conditional redeveloper for the balance of the Original
Project Area, other than 1500 Blair Road (the balance being_ referred to
hereinafter as the - Project 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
NeN� Jersey. as follo\\s:
Section 1. The aforementioned recitals are incorporated herein as though
fully set forth at length.
Section 2. 700 Federal Boulevard 3016. LLC is hereby designated as
conditional redeveloper the Project Area through December 31. 2017 or until such
time as the Borough and 700 Federal Boule\ard 2016. LLC enter into a
redevelopment agreement for the Project Area. \%hichever is earlier.
Section 3. This resolution shall take effect immediately.
Adopted this 22n day of June, 2017
and certified as a tole copy of the
oricinal on June 21. 2017.
KATHLEEN M. BARNEY. MMC
Municipal Clerk
- REWORD - OF COUNCIL - - - - - -- - - - -- -- -- -- - - - --
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Bl•I .LM .X �- +- �+- ,lC> +-- T - + - -_�--
DINAS' - —*� - • - - -- -
NAPLES
X - Indlcute Vote AB - Absent NV - Not Votm XOR - Indicates Vole u, O%errule Veto
Adopted at a meeting of 11142 Municipal Council
-- hrp 77, 2Q1
CLERK