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HomeMy Public PortalAboutr 18-149� o the �orough of &rteret, N. No. 18 -149 Date of Adoption AL@-ot 2 2018 AUTHORIZING A REDEVELOPMENT AGREEMENT WITH AND DESIGNATING CARTERET LOFTS URBAN RENEWAL, LLC AS THE REDEVELOPER 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, Carteret Lofts Urban Renewal, LLC ( "Carteret Lofts ") has expressed a desire to redevelop a portion of the Cooke Avenue Mixed -Use Redevelopment Area to include Block 6502, Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 & 15; and WHEREAS, the Borough Council has determined that Carteret Lofts is capable of undertaking the redevelopment of the designated portion 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. Carteret Lofts is hereby designated as the redeveloper of the Cooke Avenue Mixed -Use Redevelopment Area for the portion to include Block 6502, Lots 1, 2, 3, 4, 5, 6, 7, 8, 9,10,11,12,13,14 &15. Section 3. 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 and the appropriate Borough Officials are hereby authorized to execute a redevelopment agreement with Carteret Lofts Urban Renewal, LLC. law. Section 4. This resolution shall take effect at the time and in the manner prescribed by Adopted this 2nd day of August, 2018 and certified as a true copy of the original on August 3, 2018. KATHLEEN M. BARNEY, MMC Municipal Clerk RECORD OF COUNCIL VOTE COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B. B aLJM X JCRAL X DIAZ X KRLN X DII4ASCL0 X NA= X X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto Adopted at a meeting of the Municipal Council t 2 2018 CLE h I