HomeMy Public PortalAboutordinance 03:50 THE ACQUISITION OF TITLE TO BLOCK 5.1, LOT 2
WltEREAS, by Ordinance #03-07, adopted on February 6, 2003, the Borough of
Carteret (the "Borough") adopted the Redevelopment Plan for the redevelopment of the
Chrome Waterfront Redevelopment District ("CWRD"); and
WHEREAS, Meridian Terrace, LLC, 90 Woodbridge Center Drive, Woodbridge, NJ
07095, ("Meridian") submitted to the governing body a redevelopment project proposal
for a portion of the CWRD, more specifically, Block 5.1; Lots 1.2, 1.3 and 2, said area
consisting of approximately 5.5 acres; and
WHEREAS, Meridian's proposed redevelopment project is consistent with the
Redevelopment Plan; and
WHEREAS, on March 6, 2003, by Resolution #03-100, the governing body designated
Meridian as the redeveloper for the above described properties, subject to the negotiation
and execution of a formal Redevelopment Agreement between the Borough and Meridian
with regard to the proposed redevelopment project; and
WHEREAS, by Resolution #03-200, adopted on July 9, 2003, the governing body
approved the formal agreement between the Borough and Meridian for the above
referenced redevelopment project; and
WlIEREAS, pursuant to the provisions Of said formal agreement, the Borough is
obligated to acquire title to any privately held properties amongst the above referenced
lots and transfer the same to Meridian, should Meridian be unable to directly acquire title
to the same; and
WHEREAS, the provisions of said agreement require the Borough to use its powers of
eminent domain to acquire title to said property should that become necessary; and
WHEREAS, Meridian has advised the Borough that despite its efforts it has been unable
to negotiate the acquisition of Block 5.1, Lot 2.
NOW THEREFORE BE IT RESOLVED by the Mayor and Council of the Borough of
Carteret as follows:
1. That the appropriate Borough Officials, including the Borough Attorney, be
and are hereby authorized and directed to take the necessary action to acquire title to
Block 5.1, Lot 2, and are hereby authorized and directed to effectuate the same through
the exercise of the Borough's powers of eminent domain should that be necessary.
2. That a copy of this Ordinance be forwarded to the Borough Attorney.
DO NOT USE SPACE BELOW THIS LINE
RECORD OF COUNCIL VOTE
COUNCILMAN YES NO NV I A.B. COUNCILMAN YES NO NV A.B.
KRUM X RIOS X
NAPLES X S ITARZ X
PARISI X SOSNOWSKI
X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto C.
Adopted on first reading of the Council of the Borough of Carteret, N.J., on November 17 ~ 2003
Adoptedonsecondreadingafterhearingpn []l~5~ll~r 18~ 2003
(~..~. - BOROUGH CLERK