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HomeMy Public PortalAboutr 06:196 l\.e50lutíon of tbe 1/jorougb of arteret. .ß..jf. No. 06-196 D te of AdoptionJulv 6, 2006 FORM OF RESOLUTION OF NEED FROM CARTERET, COUNTY OF MIDDLESEX, AND S (SIXTEEN (16) UNITS) BOROUGH OF ATE OF NEW JERSEY WHEREAS, Frank Raia & Anthony Sirignano, their su cessors and/or assigns with offices at 450 7tl1 Street, Hoboken, New Jersey (he inafter referred to as the "Sponsor") proposes to construct an affordable Senior Ci izen Rental Housing Project (hereinafter referred to as the "project") pursuant to the rovision of the New Jersey Housing and Mortgage Finance Agency Law of 1983, as amended (NJ.S.A. 55:14K- I et ~, the rules promulgated thereunder at NJ.A. . 5:80-1.1 et ~ and all applicable guidelines promulgated thereunder (the foreg ing hereinafter collectively referred to as the "HMF A Requirements") within the Bor ugh of Carteret (hereinafter referred to as the "Municipality") on a site described as Lots 9 & 17, Block 144 as shown on the official Assessment Map of the Boro gh of Carteret, Middlesex County and commonly known as Roosevelt Commons/H II Bowl IV; and WHEREAS, the Project will be subject to requi ments of the New Jersey Department of Community Affairs (hereinafter refe to as the "Department of Community Affairs"), Neighborhood Preservation BaI ced Housing Program in accordance with N.J.S.A. 52:27D-320 and applicable rul s promulgated thereunder at NJ.A.C. 5:43-1.1 et SCQ.. and the mortgage and oth r loan documents executed between the Sponsor and the Commissioner of the epartment of Community Affairs; and WHEREAS, the Project will be subject to the H FA Requirements and the mortgage and other loan documents executed betwee the Sponsor and the New Jersey Housing and Mortgage Finance Agency (he inafter referred to as the "Agency"); and WHEREAS, pursuant to the HMF A Requirements, he governing body of the Municipality hereby determines that there is a need fo this housing project in the Municipality . ---- NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough of Carteret (the "Council") that: (1) The Council finds and determines that he Roosevelt Commons/Hill Bowl IV Project proposed by the Sponsor neets or will meet an existing housing need; (2) The Council does hereby adopt the with n Resolution and makes the determination and findings herein containel1 by virtue of, pursuant to and in conformity with the provisions of th HMFA Law to enable the Agency to process the Sponsor's applic tion for Agency funding to finance the Project. Adopted this 6th cay of July, 2006 and certified as a true copy oft e original on July 7, 2006. - KATHLEEN M.l ARNEY, RMC/CMC/MMC Municipal Clerk DO NOT USE SPACE BELOW THIS LINt Councilman BELLINO DIAZ KRUM RECORD OF COUNCIL VO rE YES NO NY A.B Counciln an X NAPLlS X RIOS X SITAR l YES X X X NO NY A.B X-Indicate Vote AD-Absent NV-Not Voting XOR-h dieates Vote to Overrule Veto initial Adopted at a Meetin!! oftbe Municipal Council Date Julv 6 2006 ~ h(.v73r, --.p, . Clerk ---I. V' I ,