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
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