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#19 -148
Date of Adoptio September 5, 2019
RESOLUTION OF THE BOROUGH OF CARTERET
DESIGNATING ROOSEVELT CARTE RET ASSOCIATES LLC,
AS REDEVELOPER OF CERTAIN PROPERTY PROPOSED TO
BE KNOWN AS BLOCK 2701, LOTS 14.04 AND 14.05 ON THE
OFFICIAL TAX MAPS OF THE BOROUGH AND AUTHORZING
THE BOROUGH TO ENTER INTO CERTAIN AGREEMENTS
WITH THE REDEVELOPER
WHEREAS, the Borough Council, in accordance with the Redevelopment and Housing
Law, constituting Chapter 79 of the Pamphlet Laws of 1992 of the State, and the acts
amendatory thereof and supplemental thereto (the "Redevelopment Law ", as codified in
N.L&& 40A:12A -I et seq., and together with the Tax Exemption Law, the "Acts "), has
designated certain properties along Roosevelt Avenue as an area in need of
redevelopment (the "Redevelopment Area "); and
WHEREAS, pursuant to N.J.S.A. 40A:12A -7, the Borough has adopted a redevelopment
plan governing the Redevelopment Area; and
WHEREAS, the Borough is the fee title owner of certain real property known as Block
2701, Lot 14.02 on the official tax maps of the Borough (the "Borough Property "), which
property is located in the Redevelopment Area; and
WHEREAS, the Borough desires to designate Roosevelt Carteret Associates LLC (the
"Redeveloper ") as the redeveloper of a portion of the Property proposed to be known as
Block 2701, Lots 14.04 and 14.05 on the official tax maps of the Borough (the
"Property ") and enter into one or more agreements regarding the redevelopment of the
Property, including without limitation, a Purchase and Sale Agreement, the form of
which is attached hereto as Exhibit A ; and
NOW, THEREFORE, BE IT RESOLVED as follows:
Section 1. Roosevelt Carteret Associates LLC is hereby designated as the
redeveloper of the Property.
Section 2. The Purchase and Sale Agreement is hereby authorized to be
executed and delivered on behalf of the Borough by either the Mayor, Chief Financial
Officer or Director of Law (each an "Authorized Officer "), in substantially the form
attached hereto as Exhibit A , with such changes as an Authorized Officer, in its
respective sole discretion, after consultation with such counsel and any advisors to the
Borough (collectively, the "Borough Consultants "), as such Authorized Officer deems
necessary, desirable or convenient in such Authorized Officer's sole discretion.
Section 3. The Borough Clerk is hereby authorized and directed, upon the
execution of each of the Purchase and Sale Agreement in accordance with the terms of
Section 2 hereof, to attest to the Authorized Officer's execution of each of the
Agreements and is hereby further authorized and directed to thereupon affix the seal of
the Borough to each of the Agreements.
Section 4. The Authorized Officers are each hereby further authorized to
perform any act, execute or acknowledge and deliver any other doemnent, instrument,
agreement, deed or certificate, which the Authorized Officer, after consultation with the
Borough Consultants, deems necessary, desirable or convenient and the Borough Clerk is
NO. # -148
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hereby further authorized and directed to attest to such execution or
acknowledgement and to affix the seal of the Borough to any such document, instrument
or certificate.
Section 5. All actions of the Authorized Officers and the Borough
Consultants taken prior to the date of adoption hereof in connection herewith are hereby
ratified and approved.
Section 6. Upon the adoption hereof, the Borough Clerk shall forward
certified copies of this resolution to Matthew C. Karrenberg, Esq., DeCotiis, FitzPatrick,
Cole & Giblin, LLP, Special Redevelopment Counsel to the Borough,
Adopted this 5 day of September, 2019
and certified as a true copy of the
original on September 6, 2019.
CARMELA POGORZELSKI
Acting Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
YES
NO
NV
A.B.
BELLINO
X
JOHAL
X
DIAZ
X
KRUM
X
DIMASCIO
X
NAPLES
X - Indicate Vote AB - Absent NV - Not Voting XOR- Indieasx Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
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