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No. 08-96 Date of Adoption Apri 1 10 J 2008
RESOLUTION OF THE BOROUGH OF CARTERET AMENDING AND
SUPPLEMENTING RESOLUTION No. 08-47 ENTITLED "RESOLUTION
OF THE BOROUGH OF CARTERET CONDITIONALLY DESIGNATING
BAKER PR6PERTIES, LP AS THE REDEVELOPER FOR '(HE
PROPERTY KNOWN AS TAX BLOCK 49.02, LOT 2 LOCATED WITHIN
THE FEDERAL BOULEVARD REDEVELOPMENT AREA AND
AUTHORIZING THE EXECUTION AND DELIVERY OF A PRE-
DEVELOPMENT AGREEMENT"
WHEREAS, on January 24,2008, the Borough duly adopted Resolution No. 08-47; and
\VHEREAS, the Borough desires to amend Section 2 of Resolution No. 08-47; and
NOW, THEREFORE, BE IT RESOLVED as follows:
Section 1. Section 2 of Resolution 08-47 is hereby ameuded and supplemented to
read as follows: '
"The Mayor, Chief Financial Officer, or Director of Law (each an
"Authorized Officer") are hereby each severally authorized, after consultation
with such counsel and any advisors to the Borough (collectively, the "Borough
Consultants"), as such Authorized Officer deems necessary, desirable or
convenient, in such Authorized Officer's sole discretion, to (a) extend the time
period set forth in Section 1 ( a) hereof, but in no event shall such additional period
exceed ninety (90) days beyond the time period set forth in Section 1(a) hereof,
and (b) extend the time period set forth in Section I (b) hereof, but in no event
shall such additional period exceed ninety (90) days beyond the time period set
forth in Section Hb) hereof."
Section 2.
The remainder of Resolution No. 08-47 shall remain unchanged.
Sectiou 3. All actions o'fthe Authorized Officers and the Borough Consultants taken
prior to the date hereof in cOlmection with the Redevelopment Area, including the
conditional designation of the Company for the Project Area, are hereby ratified and
approved.
Section 4.
bylaw.
This resolution shall take effect at the time and in the manner prescribe
Sectiou 5. Upon the adoption hereof, the Borough Clerk shall forward certified
copies of this resolution to Matthew C. Karrenberg, Esq., DeCotiis. F:itzPatrick, Cole &
Wisler, LLP, Special Redevelopment Counsel to the Borotigh.
Adopted this 10th day of April, 2008
And certified as a true copy of the
Original on April II, 2008.
KATHLEEN M. BARNEY, MMC
Municipal Clerk
C;OUNCILMAN YES NO NY A.B. COUNCILMAN YES NO NY A.B.
X . X
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COTm.1 X NAPLES X
nTO.. X SITARZ X
X - Indicate Vote AB-Absent NV - Not Voting 'XOR - Indicates Yote 10 Overrule Yelo
Adopted at a meeting of the Municipal Council Kihl.l0, 2008
RECORD OF COUNCIL VOTE
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