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No. #21 -213
Date of
RESOLUTION OF THE BOROUGH OF CARTERET, IN THE COUNTY
OF MIDDLESEX, DESIGNATING CONDITIONAL REDEVELOPER
FOR PORTION OF PROPERTY IN THE WATERFRONT REDEVELOPMENT
AREA AND AUTHORIZING INTERIM COSTS AGREEMENT
IN CONNECTION THEREWITH
WHEREAS, pursuant to the New Jersey Local Redevelopment and IIousing Law,
N.J.S.A. 40A:12A -1 el seq. (the "Redevelopment Law ") the Borough designated the
properties formerly known as Block 4, Lots 1, 2 (C.O. 100, C.O, 200, C.O. 300 and C.O.
400), 3 and 4, Block 5.1, Lots 1, 1.02, 1.03, 2, 5 and 6, Block 5.02, Lots 1.01, 1.02, 1.03
and 2. 1, Block 6. 1, Lot 1 and Block 6.2, Lot 12, and various parcels within Block 500 on
the Borough's tax maps (collectively, the "Redevelopment Area "); and
WHEREAS, the Borough previously adopted an ordinance approving and adopting a
redevelopment plan for the Redevelopment Area; and
WHEREAS, the Borough is the contract purchaser of the portion of the Redevelopment
Area consisting of Block 304, Lot 2.01 on the Borough's current tax maps (the "Project
Area'); and
WHEREAS, J Bezzone Incorporated ( "Bezzone ") submitted to the Borough a proposal
to redevelop the Project Area; and
WHEREAS, the Borough has determined that Bezzone is capable of undertaking the
redevelopment of the Project Area; and
WHEREAS, the Borough wishes to engage in preliminary negotiations with Bezzone, or
with any corporate entity that Bezzone shall create and control, in furtherance of entering
into a formal redevelopment agreement for 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 herein.
Section 2. Bezzone is hereby conditionally designated as the redeveloper of
the Project Area and has, at the sole and exclusive discretion of the
Borough, the option to enter into preliminary negotiations for a
redevelopment agreement with the Borough for the Project Area.
This designation shall apply to Bezzone and/or to any special
purpose entity the principals of Bezzone may elect to form, so long
as the principals in and of Bezzone hold a controlling interest in
such special purpose entity.
Section 3. The within designation is hereby made for a limited period of
ninety (90) days from the date of adoption hereof (or such
additional period of time as the Borough may determine in its sole
and absolute discretion), and is contingent upon Bezzone providing
any additional project related information as may be requested by
the Borough.
NO. #21 -213
PAGE--2-
Section 4. The within designation is further contingent upon Bezzone
agreeing to reimburse the Borough for any and all costs associated
with the Borough's review of said additional material and any
efforts involved in designating Bezzone as the conditional
redeveloper and negotiating a formal redevelopment agreement
between the Borough and Bezzone (or such wholly owned
corporate entity as it may create). Said costs shall include, but not
be limited lo, the cost of any and all professional consultants
retained by the Borough to review said materials and/or assist the
Borough in negotiations of a formal redevelopment agreement.
Section 5. The Mayor is hereby authorized and directed to execute an Interim
Costs Agreement in a form to be approved by the Mayor, after
consultation with counsel.
Section 6. This resolution shall take effect immediately.
Adopted this 28d' day of October, 2021
and certified as a true copy of the
original on October 29, 2021.
CARMELA POGORZELSKI, RMC
Municipal Clerk
RECORD Or COUNCIL VOTE
COUNCILMAN Y
YBS N
NO N
NV A
A.D. C
COUNCILMAN Y
YES N
NO N
NV A
A.B.
B& LINO X
X J
J014AL X
X
DIAZ X
X K
KRLM X
X
DIMASCIO X
X N
NAPLES X
X
X- Indicate Vote AB- Absent NV -Not Voting XOR -Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council l
l
October 28 2021
icipa e
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