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HomeMy Public PortalAboutr 02:044a 02-44A No Dale o~ A<h~?lk~n January 31, 2002 AUTHORIZING AN ESCROW ACCOUNT FOR THE KiNDER MORGAN COMPANY WHEREAS, the Kinder Morgan Company has requested that the Borough of Carteret entcr into an Easement Agreement for the installation of a certain underground pipeline upon designated borough property; and WHEREAS, the Governing Body has requested that the Kinder Morgan Company post a $5000.00 escrow to fund the costs associated with the review by thc Borough's professional legal and engineering staff of the above described easement request and proposed plan; and WHEREAS, the Kinder Morgan Company has agreed to post said escroxv. NOW THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough of Carteret, County of Middlesex, State of New Jersey as follows: 1. The establishment of a $5000.00 escrow account to fund the review of the proposed easement upon Borough property by the Kinder Morgan Company is hereby approved and accepted. 2. The appropriate Borough officials are hereby authorized to take the necessary steps for the establislnnent of, and appropriation from, said escrow account. 3. A copy of this resolution be forwarded to the Chief Financial Officer. Adopted this 31st day of January, 2002 and certified as a true copy of the original on February 1, 2002. KATHLEEN M. BARNEY Municipal Clerk RECORD OF COUNCIL VOTE COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B. P~RISI X S^NTORO X REIMAN X SOHAYD& X RIOS X SO.q~I'14SKI X X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicatc~ Vole to Overrule Adopted at a meeting of the Municipal Council