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HomeMy Public PortalAboutr 20-158�Rezolutton of toe jgor"ix 4 of Tartexet, �9- J. 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 YPS NO NV A.E. COUNCILMAN YD3 - NO NY FA .D. BELLING X JOHAL X DIAZ X KRUM DIMASCIO X 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 „� c r 0 i� . ��ry F,✓ J.c:(` r ut,ing rwm.cr.pat. l:1erK \ /