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#22 -158 July 21, 2022
Date of Adoptio _.
CONDITIONALLY DESIGNATING THE SEAGIS PROPERTY GROUP AS THE
REDEVELOPER FOR A PORTION OF THE WEST CARTERET MINUE
STREET REDEVELOPMENT PLAN PHASE II
WHERE'AS, the Borough of Carteret has previously adopted the West Carteret Minue
Street Redevelopment Plan Phase II which includes the following parcel of real property:
Formerly Block 50.01, Lot 27; Currently Block 2702, Lot 20;
and
WHEREAS, based upon an initial evaluation of the Seagis Property Group, ( "Seagis "),
or its wholly affiliated entity, by the Borough's planning consultant for the project,
Beacon Planning and Really Advisors, LLC, the Borough desires to conditionally
designate Seagis as the Redeveloper of the above property for the purposes of continuing
discussions with said entity regarding the proposed redevelopment project, soliciting
supplemental information with regard thereto and, further, entering into negotiations with
said entity regarding the terms and conditions of a formal redevelopment agreement for
the redevelopment of the property.
NOW THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough
of Carteret, County of Middlesex; St2te of New Jersey, as follows:
That Seagis is hereby conditionally designated as the Redeveloper for the
above listed property for a period of ninety (90) days for the foregoing
purposes, said designation being conditioned upon the sole and exclusive
discretion of the Borough to finalize negotiations and enter into a formal
Redevelopment Agreement with Seagis, setting forth the terms and
conditions of an approved redevelopment project for said property.
2. That the Mayor, Borough Attorney, and any named Special
Redevelopment Counsel, are hereby authorized to negotiate the terms and
conditions of a redevelopment agreement as provided for herein.
3. That said conditional designation is additionally contingent upon Seagis
agreeing to reimburse the Borough for any and all costs associated with
the Borough's further evaluation of Seagis' qualifications and its proposed
redevelopment project and the negotiation of a formal redevelopment
agreement between the Borough and Seagis with regard to the same. Said
costs shall include, but not limited to, the cost of any and all professional
consultants retained by the Borough to review any presently submitted
materials and any supplemental materials, and/or to assist the Borough in
negotiations of a formal redevelopment agreement, to the extent there any
such costs.
4. That said designation may be extended at the sole and exclusive discretion
of the Borough_in the interest of furthering the desired redevelopment of
the above property.
No. #22 -158
PAGE 2 of 2
5. That the Appropriate Borough Officials are hereby authorized and directed
to take any necessary actions to effectuate the purposes contemplated
herein, including, but not limited to, the execution of a formal
redevelopment agreement with Seagis.
Adopted this 21 °t day of July, 2022
and certified as a true copy of the
original on July 22, 2022.
CARMELA POGORZELSKI, RMC
Municipal Clerk
RECORD OR COUNCIL VOTE
COUNCILMAN
YES
NO
NV
A.R.
COUNCILMAN
O
NV
A .B.
BELLINO
X
JOHAL
DIAZ
qFMSN
DItM5CI0
X
NAPLES
X- Indicate Vote AB- Absent NV -Not Voting -XOR- Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
21, 202
I� July v
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