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