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No. ~7L-
Dale or Adoption February 9, 2006
RESOLUTION OF THE BOROUGH OF CARTERET, IN THE
COUNTY OF MIDDLESEX DESIGNATING CARTERET
TOMORROW, L.L.C. AS THE CONDITIONAL REDEVELOPER
OF THE ROOSEVELT A VENUE LIGHT INDUSTRIAL DISTRICT
REDEVELOPMENT AREA
WHEREAS, on June 3, 2004, the Borough Council (the "Borough
Council") of the Borough oCCarteret, in the County of Middlesex, New
Jersey (the "Borough") adopted resolution number 04-191 requesting that
the Borough Planning Board (the "Planning Board") detennine whether
certain real property located within the Borough constitutes an "area in need
ofredevelopment" pursuant to NJ.S.A. 40A:12A-l et scq. (the "Act"); and
WHEREAS a property assessment entitled "Redevelopment Area
Assessment: Roosevelt Avenue Industrial Park Project Property, Carteret,
New Jersey" dated July 6, 2004 ("Property Assessment"), of certain
properties commonly known as Block 6.02, Lots 6,7 and 13 on the tax map
of the Borough (the "Assessment Area") was prepared by Beacon Planning
and Consulting Services, L.L.c. (HBPCS") and concluded that BJock 6.02,
Lots 6 and 7 of the Assessment Area met the statutory requirements to be
determined to be an "area in need of redevelopment" under the Act; and
WHEREAS on August 25, 2004, the Planning Board adopted a resolution
of findings and conclusions based upon the Property Assessment
detemlining, among other things, to recommend to the Borough Council
that Block 6.02, Lots 6 and 7 of the Assessment Area be designated an
Harea in need of redevelopment" by the Borough; and
WHEREAS, on August 26, 2004, the Borough Council, following the
recommendation of the Planning Board, adopted resolution number 04-263,
deternlining that Block 6.02, Lots 6 and 7 of the Assessment Area
constitutes an " area in need of redevelopment" under the Act; and
WHEREAS, on October 7, 2004, the Borough Council adopted a resolution
number 04-317, directing the Planning Board to prepare a redevelopment
plan; and
WHEREAS BPCS prepared a redevelopment plan (the "Redevelopment
Plan") for the Roosevelt Avenue Light Industrial Redevelopment District
(the 'RALIRD"), dated December 30, 2004; and .
NO.
106-/1
PAGE 2 of 3
WHEREAS, on February 23, 2005, the Planning Board adopted a
resolution of findings and conclusions, determining that the Redevelopment
Plan is not inconsistent with the Borough's Master Plan or the Master Plans
of Woodbridge, Rahway and Linden, the Middlesex County Master Plan or
the State Development and Redevelopment Plan and endorsing and
recommending final adoption of the Redevelopment Plan; and
\VHEREAS, on February 17, 2005, the Borough Council, pursuant 10
Section 7 of the Act (N.J.S.A. 40A:12A-7) and based on the
recommendation of the Planning Board, adopted ordinance number 05-9,
approving and adopting the Redevelopment Plan; and
WHEREAS, on August 25, 2005, the Borough Council, acting in the
capacity as a Redevelopment Entity for the Borough, adopted resolution
number 05-268, tentatively designating Carteret Tomorrow as redeveloper
for the RALIRD, subject to the successful negotiation of a redevelopment
agreement, which negotiations are ongoing; and
\VHEREAS, the tentative designation of Carteret Tomorrow as the
redeveloper for the RALIRD has been periodically extended by the
Borough; -and
WHEREAS, on January 19, 2006, Carteret tomorrow, L.L.c. filed a
Certificate of Formation with the New Jersey Department of State; and
WHEREAS, Carterct Tomorrow has fOffi1ally requested that the Borough
assign the designation of redeveloper to the entity now known as Carteret
Tomorrow, L.L.C.; and
\VHEREAS, Carteret Tomorrow executed an Interim Costs Agreement,
dated as of January 23, 2006 and authorized the transfer of $50,000 it
previously deposited with the Borough into a Borough account to fund the
Borough's expenses.
NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED by the
Mayor and Council of the Borough of Carteret, in the County of Middlesex
and the State of New Jersey, as follows:
NO. JS1kl'Í----
PAos3 of 3
1. Carterct Tomorrow, a Partnership will no longer be designated
the redeveloper ofRALIRD.
2. Carteret Tomorrow, L.L.c., with offices at 2120 McCarter
Highway, Newark, New Jersey 07104, is hereby conditionally
designated as the redeveloper of the RALIRD and has, at the
sole and exclusive discretion of the Borough, the option to enter
into preliminary negotiations for a redevelopment agreement
with the Borough for the designated properties located within the
RALIRD.
3. This resolution shall take effect immediately.
Adopted this 9th day of February,
2006 and certified as a true cö~y
oftlle original on February 101\
2006.
KATHLEEN M. BARNEY, RMCICMC
Municipal Clerk
an
RECORD OF COUNCIL VOTE
COUNCILr.IAN
YES NO NV A.B.
COUNCILMAN
BELLINO
A
K M
NAPLES
YES NO NV A.n.
X
x _ Indicate VOle AB _ Abser11 NY - No! VOling XOR - Indíl'alc~ Vnte!O Overrule Veil)
Adopted al a meeting or lhe rvll1nicipa\ Council
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