HomeMy Public PortalAboutr 97:163No. _ 97-163 Date o1' Adoplion~ )97
AUTHORIZING MAYOR TO EXECUTE ESCROW
AGREEMENT - READINGTON TOWNSHIP
WHEREAS, the Borough of Carteret has entered into a Regional Contribution
Agreement with the Township of Readington to receive $2,320,000.00 in affordable
housing funds; and
WHEREAS, according to the Rules of Council on Affordable Housing (COAH) an
escrow agreement must be completed prior to the receipt of any such funds; and
WHEREAS, said agreement must be signed by the Mayor of the receiving municipality;
NOW, THEREFORE, BE IT RESOLVED that the Governing Body of the Borough
of Carteret authorizes Mayor Peter J. Sica to perform this signatory duty on the escrow
agreement.
Adopted this 15th day of May, 1997 and
certified as a true copy of the original on
May 16, 1997.
KATHLEEN M. BARNEY,
Municipal Clerk
RECORD }F COUNCIL VOTE
IALOWARCZUK /~ FAZEKAS
PONT II FEINGOLD
FAILACE It GUTOWSKI
X - Indicate Vote AB - Absent NV - No~ Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
, .May 15, 1997