Loading...
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 - - - - - -- - - - -- -- -- -- - - - -- - _C 0L ; NC1I:�_tA _ vNa No �� } A_t3. =cin Ncn:Ma.N - T - t t .ti DoT Nt� .aat X 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