HomeMy Public PortalAboutr 22-091�Xeoolufion of t4e �Rvxrnag4 of Tartexet, N. 51
No. #22 -91 Date of Admit, March 24, 2022
RESOLUTION OF THE BOROUGH OF CARTERET
DESIGNATING FORTE REAL ESTATE DEVELOPMENT, LLC,
AND /OR ITS DESIGNATED URBAN RENEWAL ENTITY, AS
REDEVELOPER OF CERTAIN PROPERTY KNOWN AS BLOCK
6805, LOTS 1, 2, 3, 4, 5, 6, 7, 8, 9, 10,11, 19, 20, 21, 22, 23, 24, 25, 26,
27,28 and 29 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.J.S.A. 40A:12A -1 et see., has designated certain properties identified as Block 6805,
Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28 and 29 on the
official tax maps of the Borough 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 desires to designate Forte Real Estate Development, LLC,
and/or its designated urban renewal entity (the "Redeveloper "), as the redeveloper of the
Redevelopment Area and enter into one or more agreements regarding the redevelopment
of the Redevelopment Area, including without limitation, a Purchase and Sale
Agreement, the form of which is attached hereto as Exhibit A, a Redevelopment
Agreement, the form of which is attached hereto as Exhibit B., a First Amendment to
Access Agreement, the form of which is attached hereto as Exhibit C, and such other
agreements as referenced therein (the "Agreements ").
NOW, THEREFORE, BE IT RESOLVED as follows:
Section 1. Forte Real Estate Development, LLC, and /or its designated urban
renewal entity, is hereby designated as the redeveloper of the
Redevelopment Area.
Section 2. The Agreements 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, 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 Agreements 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.
NO. #22 -91
PAGE 2
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
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, Fitzpatrick, Cole & Giblin, LLP, Special Redevelopment
Counsel to the Borough.
Adopted this 24ei day of March, 2022
and certified as a true copy of the
original on March 25, 2022.
CARMELA POGORZELSKI, RMC
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.B.
COUNCILMAN
ES
NV
A.B.
BELLINO
X
JORL
X
DIAZ
X
DIMASCIO
X
NAPLES
X
X - Indicate Vote AB- Absent NV - Not Voting XOR- Indicates Vole to Overrule Veto
Adopted at a meeting of the Municipal Council
J _ Ma ch 24 20 2
CLERK ' J
I