HomeMy Public PortalAboutr 07:056
~esoluttott of t~e ~aroui14 of QIarteret, ~. 3J.
No.
07-56
Date of Adoption Februa
A RESOLUTION AUTHORIZING THE EXECUTION OF A REGIONAL
CONTRIBUTION AGREEMENT BETWEEN THE BOROUGH OF CARTERET AND
THE TOWNSHIP OF CLINTON
WHEREAS, the Township of Clinton has a fair share obligation to provide housing
opportunities to household of low and moderate income as established by the New Jersey
Supreme Court and by the New Jersey Fair Housing Act. N.J.S.A. 52:27d-301, et seq;
and
WHEREAS, the Fair Housing Act provides that municipalities within the same region, as
defined by the New Jersey Council on Affordable Housing (COAH), may meet up to 50
percent of that obligation through a regional contribution agreement (RCA), under which
the sending municipality makes a cash payment to another municipality, known as the
receiving municipality, which undertakes to provide low and moderate income housing
which is credited toward the sending municipality's fair share obligation; and
WHEREAS, the Township of Clinton proposes to transfer 50 units of its fair share
obligation at a cost of $35,000 per unit for payments totaling $1,750,000 in the fonn of
an RCA as the sending municipality with the Borough of Carteret, the receiving
municipality; and
WHEREAS, the Township of Clinton and the Borough of Carteret are in the same region
(Region #3-Hunterdon, Middlesex and Somerset Counties) as defined by COAH; and
WHEREAS, the Borough of Carteret desires to provide affordable housing for low and
moderate income residents of the region, which action will be furthered by funds made
available through the RCA; and
WHEREAS, the RCA is in the best interests ofthe Borough of Carteret .
NOW, THEREFORE, BE IT RESOLVED by the Borough Council of the Borough of
Carteret, that the Mayor and Clerk of the Borough of Carteret are hereby authorized to
execute such documents and exhibits and to undertake or direct any and all such acts as
may be necessary to effectuate an RCA between the Borough of Carteret and the
Township of Clinton.
Adopted this 1st day of February, 2007
and certified as a true copy of the
original on February 2,2007.
LINDA A. RIVERA
Assistant Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN YES NO NY A.B. COUNCILMAN YES NO NV A.B.
BFT T TNn v "'. DT 1<'C X
DIAZ " RTnc y
KRUM v <:T'1'lD7 X
X - Indicate Vote AB - Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council Febt'11ary 1, 2007
c~~ r7 /i--v-::-
CLERK
2007