HomeMy Public PortalAboutr 22-166. Aezoluflon of the of garf, zef, N, 0C
No. #22-'166 Dale of Ado August 11, 2022
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RESOLUTION OF THE BOROUGH OF CARTERET, IN THE COUNTY
OF MIDDLESEX, DESIGNATING CONDITIONAL REDEVELOPER FOR PORTION OF
PROPERTY IN THE WATERFRONT REDEVELOPMENT AREA
WHEREAS, pursuant to the Local Redevelopment and Housing Law, N.J.S.A. 40A ;12A -1 el seq. the
Borough designated the properties formerly known as Block 4, Lots I, 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 1.0 1, 1.02, 1.03 and 2. 1,
Block 6.1, Lot I and Block 6.2, Lot 12, and various parcels within Block 500 on the Borough's tax maps
(the "Redevelopment Area ") as an area in need of redevelopment and adopted a redevelopment plan for
said area; and
WHEREAS, J Bez iaie Incorporated ( "Bez one ") proposes to redevelop the portion of the Redevelopment
Area consisting of Block 304, Lot 2.01 and a portion of Block 304, Lot I (collectively, the "Project Area ");
and
WHEREAS, on October 28, 2021, the Borough adopted a resolution conditionally designating Beuone as
the redeveloper of the portion of the Project Area consisting of Block 304, Lot 2.01; and
WHEREAS, on November 1, 2021, the Borough and Beuone entered into an Interim Costs Agreement
(the "Interim Costs Agreement "), under which Boz2one funded an escrow account to cover the Borough's
costs associated with the redevelopment of the Project Area; and
WHEREAS, the Borough desires to renew and expand Beuone's conditional designation as redeveloper
OF the Project Area for the purpose of facilitating preliminary negotiations regarding the redevelopment
thereof.
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 I. The aforementioned recitals are incorporated herein as though fully
set forth at length herein.
Section 2. Bezzone is conditionally designated as the redeveloper of the
Project Area. This designation shall apply to Berzon 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 one
hundred twenty (126) days from the date of adoption hereof and
the Interim Costs Agreement will remain in effect in accordance
with the terms thereof and will apply to the Project Area,
Section 4. This resolution shall take effect immediately.
Adopted this i 1'h day of August, 2022
and certified as a true copy of the
original on August 12, 2022.
CARMELA POGORZELSKI, RMC
Municipal Clerk
RECORD OT COUNCIL VOTE
COUNCILMAN
Municipal Lier$_./ �- ,1
COUNCILMAN
YES
NO
NV
A.D.
BELLIhO
JIiX
DIAZ
MA
DIMASCIO
NAPLES
X
X- Indicate Vote AB - Absent NV -Not Voting XOR- Indicates Vote to Overmle Veto
Adopted at a meeting of the Municipal Council
-� August 11, 202
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Municipal Lier$_./ �- ,1