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 .
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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.
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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
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