HomeMy Public PortalAboutr 17-228�Resvluft o #4e oroug4 af Earteret, �'- -
No. 17 -228
Date of Adoption DszE ber 7, 201
RESOLUTION OF THE BOROUGH OF CARTERET, IN THE
COUNTY OF MIDDLESEX REGARDING CONDITIONAL
REDEVELOPER DESIGNATION
WHEREAS, the Borough previously conditionally designated 700
Federal Boulevard, 2016. LLC ("700 Federal "). an affiliate of Hampshire
Real Estate Companies, as the redeveloper of a portion of the Federal
Boulevard Redevelopment Area. Phase I consisting of Block 2802. Lots 2,
4, 5. 6. 7, 8 & 9 (the "Project Area ") under the New Jersey Local
Redevelopment and Housing Law. N.J.S.A. 40A:12A -1 et seq., through
December 31, 2017, and
WHEREAS, the Borough and 700 Federal are continuing to negotiate
terms of a redevelopment agreement for the redevelopment of the Project
Area. and
WHEREAS, the Borough desires to extend the designation of 700 Federal
as the conditional redeveloper of 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 New Jersey, as follows:
Section 1. The aforementioned recitals are incorporated herein as
though fully set forth at length.
Section 2. 700 Federal is hereby designated as conditional
redeveloper the Project Area through June 30, 2018 or until such
time as the Borough and 700 Federal enter into a redevelopment
agreement for the Project Area, whichever is earlier.
Section 3. This resolution shall take effect immediately.
Adopted this 7 ° i day of December, 2017
and certified as a true copy of the
original on December 8. 2017.
KATHLEEN M. BARNEY, MMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BEILim
X
JaiAL
X
KEIM
X
X
MAPLES
X
X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
i 7 M17
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