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HomeMy Public PortalAboutr 03:251 03-251 Date ol Adoption_'t~lq'w 1/% ~ AUTHORIZING THE MAYOR TO EXECUTE THE DEVELOPERS AGREEMENT BETWEEN THE BOROUGH OF CARTERET AND KINDER MORGAN WHEREAS, Kinder Morgan Liquid Terminal, LLC. ("Kinder Morgan") having offices at 78 Lafayette Street, Carteret, New Jersey07008, has received Final Site Plan Approval, fi.om the Carteret Planning Board ("Board"), for the construction of three (3) 100,000 barrel petroleum products storage tanks ("tanks") in the Borough; and WHEREAS, pursuant to the Resolution of Approval with regard to the final site plan approval adopted by the Board on July 23, 2003, Kinder Morgan has agreed to make certain contributions to the Borough, which reflect the impact of said project upon the Borough beyond those specifically addressed in the Borough's Land Development Ordinance; and WltEREAS, Kinder Morgan and the Borough desire to enter into a formal Developer's Agreemem, a copy of which is attached hereto and made a part hereof; setting forth the terms and conditions with regard to the above referenced contributions. NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the Borough of Carteret as follows: 1. That the Mayor is hereby authorized to execute said Developer's Agreement. 2. That a certified copy of this Resolution and the requested, fully executed counterparts of the Developer's Agreement be forwarded to Kinder Morgan Adopted this 14litday of August, 2003 and certified as a true copy of the original on August 15th, 2003. KATHLEEN H. BARNEY, RMC/CMC Municipal Clerk RECORD OF COUNCIL VOTE KRIjMCOUNCILMAN Ii YESx NO j NV [ A.B. _~_C~__ RIOS COUNCILMAN I YES [ NO i NVx A'B' i NAPLES [ XI SITARZ X I , , PARISI ~ X i . SOSNOWSKI X ' ' i ' X-Indicate ~otc AB-Ab=cra NV Not Voting XOR-lndicatesVotctoO~crrulcVcto ~.~ -Kdoptcd at a ~lectillg o t~c Mtm c~pa Council