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No. #20 -158 Date of Adoptio October 15, 2020
RESOLUTION OF THE BOROUGH OF CARTE RE DESIGNATING 21
WASHINGTON CARTE RE'T URBAN RENEWAL, LLC, AS REDEVELOPER OF
CERTAIN PROPERTY KNOWN AS BLOCK 6804, ON THE OFFICIAL TAX
MAPS OF THE BOROUGH AND AUTHORIZING 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.J.S.A. 40A:12A -1 et sm., and together with the Tax Exemption Law, the "Acts "), has
designated certain properties along Washington 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
6804, Lot 3 on the official tax maps of the Borough, previously identified as Block 6804,
Lots 3, 4, 5, 6 and 7 and commonly referred to as 11, 15 and 21 Washington Avenue and
25 and 27 Locust Street (the "Property "), which property is located in the Redevelopment
Area; and
WHEREAS, the Borough desires to designate 21 Washington Carteret Urban Renewal,
LLC (the "Redeveloper ") as the redeveloper of 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 a
Redevelopment Agreement, the form of which is attached hereto as Exhibit B .
NOW, THEREFORE, BE IT RESOLVED as follows:
Section 1. 21 Washington Carteret Urban Renewal, LLC is hereby designated
as the redeveloper of the Property.
Section 2. The Purchase and Sale Agreement and the Redevelopment
Agreement are each 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 forms attached hereto as Exhibit A
and Exhibit B , respectively, 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 and
Redevelopment 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
document, instrument, agreement, deed or certificate, which the
NO. #20 -158 PAG 2
Authorized Officer, after consultation with the Borough
Consultants, deems necessary, desirable or convenient and the
Borough Clerk is 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, PitzPatrick, Cole & Giblin, LLP, Special Redevelopment
Counsel to the Borough.
Adopted this 15th day of October, 2020
and certified as a true copy of the
original on October 16, 2020.
CARMELA POGORZELSKI
Acting Municipal Clerk
RECORD Or COUNCIL VOTE
COUNCILMAN
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COUNCILMAN
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DIAZ
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NAPLES
X- Indicate Vote AD - Absent NV - Not Voting XOR- Indicates Vote to Overrule Vet
Adopted at a meeting of the Municipal Council
October 1 20
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