HomeMy Public PortalAboutr 97:061 No. 97-61 Date of Adoption FEBRUARY , 1991
AUTHORIZING MAYOR TO EXECUTE RECOVERY AGREEMENT
WHEREAS, it is the belief of the Borough of Carteret that outstanding monies are
due the Carteret Redevelopment Authority, now defunct; and
WHEREAS, the Borough of Carteret is the established heir, assignees of any lost,
unclaimed, abandoned or neglected assets; and
WHEREAS, Princeton Asset & Recovery Company has proposed to collect any
funds in return for an assignment of 30% of any sums located and collected;
NOW, THEREFORE, BE IT RESOLVED that the Borough of Carteret hereby
appoints Princeton Asset & Recovery Company to recover any and all funds due
~.~ and owing the Borough of C arteret assignee of the Redevelopment Authority of the
~ Borough of Carteret.
BE IT FURTItER RESOLVED that the Mayor shall be authorized to execute the
attached contract.
Adopted this 6th day of February, 1997
and certified as a true copy of the
original on February 7, 1997.
KATHLEEN M. BARNEY,
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B.
BIALOI4ARCZUK X FAZEKAS x
_DuPONT x FEINGOLD x
FAILACE x GUTOV/SKI x
X - Indicate Vote AB ~ Absent NV - Not Voting XOR - Indicates Vote lc, Overrule Veto S j
Adopted at a meeting of the Municipal Council __ ~2. Februar~y 6_2 199~7
/ ," , 'CLERK ~.,?' ~