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HomeMy Public PortalAboutResolution 01:186No. 01-1R& Date ot Adopti(In~l RESOLUTION AUTHORIZING THE NEGOTIATION OF A RCA AGREEMENT WITH THE TOWNSHIP OF NORTH BRUNSWICK WHEREAS, the Borough of Carteret is desirous of negotiating a RCA with the Township of North Brunswick with the purpose of being designated the receiving municipality pursuant to said agreement; and WHEREAS, the Township of North Brunswick has expressed an interest in entering into a RCA agreement with the Borough of Carteret provided that the administrative costs associated with having the Township's professionals negotiate a RCA agreement with the Borough of Carteret be assumed by the Borough; and WHEREAS, the governing body of the Borough of Carteret believes that the potential benefits of entering into a regional contribution agreement with the Township of North Brunswick for the transfer of approximately sixty (60) units of low and moderate income housing obligations at a rate of $25,000.00 per unit outweighs the potential costs associated with negotiating a RCA agreement with the Township. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough of Carteret as follows: 1. The appropriate Borough officials are hereby authorized to negotiate with the designated professionals from the Township of North Brunswick for the purposes of entering into a RCA agreement agreeable to both municipalities. 2. It is hereby agreed that the Borough of Carteret will reimburse the Township of North Brunswick the administrative costs associated with having its professionals negotiate an RCA agreement with the Borough at a maximum cost not to exceed $10,000. Adopted this 7th day of June,2001 and certified as a true copy of the original on June 8, 2001 KATHLEEN M. BARNEY,RMC/ CMC Municipal Clerk RECORD OFCOUNCILVOTE X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Ovcmtdc Vclo AdoptedatameetingoftheMunicipalCouncil / _O_u~ 7,_20~1