HomeMy Public PortalAboutr 04:057 TEL (732) 541-3800
F~ (732) ~1-8925
OFFICE OF 61 COO~ AVENUE
~THLEEN M. BARNEY, RMC/CMC CARTERET, NEW JERSEY 07008
MUNICIPAL CLERK
MEMORANDUM
TO: PATRICK J. DEBLASIO
BOROUGH TREASURER
FROM: KATHLEEN M. BARNEY, RMC/CMC
Municipal Clerk
DATE: FEBRUARY 25, 2004
SUBJECT: RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE
REDEVELOPMENT AGREEMENT WITH KAPLAN AT
CARTERET, LLC FOR THE LOWER ROOSEVELT AVENUE
REDEVELOPMENT AREA.
ENCLS: CERTIFIED COPY OF RESOLUTION #04-57.
KMB/cp
cc: Borough Attorney
File
Date of Adoption February 10, 2004
No. #0~-57 AUTHORIZING THE MAYOR TO
EXECUTE REDEVELOPMENT AGREEMENT WITH KAPLAN AT
CARTERET,LLC FOR THE LOWER ROOSEVELT AVENUE REDEVELOPMENT
AREA
WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, ct seq., as
amended and supplemented ("Redevelopment Law"), provides a process for municipalities to
participate in the redevelopment and improvement of areas in need of redevelopment; and
WHEREAS, in order to stimulate redevelopment, the Borough Council, by resolution
designated certain properties in the Chrome area of the Borough as a redevelopment area
designated as the Lower Roosevelt Avenue Redevelopment Area in accordance with th~
Redevelopment Law ("Redevelopment Area")
WHEREAS, on February 6, 2003, by Ordinance #03-02, the Borough Council adopted the
Lower Roosevelt Avenue Redevelopment Plan ("Redevelopment Plan"), which sets forth,
inter alia, the plan for the redevelopment of thc Redevelopment Area; and
WHEREAS, the Borough entered into negotiations with representatives of Kaplan at
Carteret, LLC, ("Kaplan"), as the redeveloper for the Redevelopment Area, regarding thc
terms and conditions of an agreement for a redevelopment project to be construct by Kaplan
in accordance with the Redevelopment Plan; and
WHEREAS, thc Borough and Kaplan have reached a tentative agreement relating to smd
redevelopment project and, with the Borough Council having reviewed the terms of the
same, desire to formalize their agreement ("Redevelopment Agreement"), as authorized by
the Redevelopment Law.
NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Council of the Borough of
Carteret, County of Middlesex, and State of New Jersey, as follows:
1. That the Redevelopment Agreement between thc Borough and Kaplan, in a form
substantial similar to that authorized by the Borough Council, is hereby approved.
2. That the Mayor is hereby authorized to execute said Redevelopment Agreement on
behalf of the Borough, all in a form acceptable to the Borough Attorney.
3. That the appropriate Borough Officials are hereby authorized and directed to take the
necessary action to implement the terms of said Redevelopment Agreement.
Adopted this 10th day of February, 2004
and certified as a truc copy of the
original on.February 11, 2004.
· BARNEY, ~
Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B.
KRUM X RIOS X
NAPLES X S ITARZ X
par 1 S I X SOSNOI~SKI X
X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto c, r~
Adopted at a meeting of the Municipal Council February '10 ~ 2004