HomeMy Public PortalAboutr 09:072
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No. 09-72 . On" of Adopl!o '
RESOLUTION OF THE BOROUGH OF CARTERET, IN THE
COUNTY OF MIDDLESEX, NEW JERSEY CONDlTINALLY
DESIGNATING A REDEVELOPER AND AUTHORIZING
EXECUTION OF AN AGREEMENT FOR THE
REDEVELOPMENT OF A PORTION OF THE FEDERAL
BOULEVARD REDEVELOPMENT AREA
\VHEREAS, the New Jersey Local Redevelopment and Housing Law, N.J.S.A.
40A:12A-I et seq. (the "Redevelopment Law") authorizes municipalities to determine
whether certain parcels of land located therein constitute areas in need of
redevelopment; and
WHEREAS, on March 2, 2006, the Borough Council (the "Borough Council") of the
Borough of Carteret (the "Borough") adopted resolution number 06-95, requesting that
the Borough Planning Board (the "Planning Board") determine whether certain real
property located within the Borough constitutes an "area in need of redevelopment"
pursuant to the Redevelopment Law; and
WHEREAS, Beacon Planning and Consulting Services, L.L.C. ("BPCS") prepared a
Property assessment entitled "Federal Boulevard Area Assessment Phase II" dated
April 2006 ("Property Assessment"), of properties commonly known as Block 64.02,
Lots I and 7 on the tax map of the Borough (the "Assessment Area"), in which BPCS
concluded that the Assessment Area met the statutory requirements to be determined
to be an "area in need of redevelopment" under the Redevelopment Law; and
WHEREAS, on June 28, 2006, the Planning Board adopted a resolution of fmdings
and conclusions, based upon the Property Assessment detennining, among other
things, to recommend to the Borough Council that the Assessment Area be designated
an "area in need of redevelopment" by the Borough; and
WHEREAS, on July 20, 2006, the Borough Council, following the recommendation
of the Planning Board, adopted resolution number 06-212, detennining that the
Assessment Area constitutes an "area in need of redevelopmenf' under the
Redevelopment Law, which area was designated the Federal Boulevard
Redevelopment Area, Phase II (hereinafter, the Assessment Area will be referred to as
the "Redevelopment Area"); and
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09-72
PAOE2 of 3
WHEREAS, BPCS prepared a redevelopment plan for the Federal Boulevard
Redevelopment Area, entitled "Federal Boulevard Redevelopment Plan" and dated
September II, 2006 (the "Redevelopment Plan"); and
WHEREAS, on October 25, 2006, the Planning Board adopted a resolution of
findings and conclusions, determining that the Redevelopment Plan is consistent 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
WHEREAS, on October 26, 2006, the Borough Council, pursuant to Section 7 of the
Redevelopment Law (N.J.S.A. 40A: l2A-7) and based on the recommendation of the
Planning Board, adopted ordinance number 06-54, approving and adopting the
Redevelopment Plan for the Redevelopment Area; and
WHEREAS, GP 700 Blair Road, LLC (the "Redeveloper") has been engaged in
negotiations with BASF Corporation ("BASF"), the current owner of Block 64.02 Lot
I (the "Project Area"), in anticipation of the Redeveloper's purchase of the Project
Area from BASF; and
'VHEREAS, the Redeveloper has expressed a desire to undertake the redevelopment
of the Project Area in accordance with the Redevelopment Law and the
Redevelopment Plan; and
\VHEREAS, the Borough has determined that the Redeveloper possesses the proper
qualifications, financial resources and capacity to implement and complete the
redevelopment of the Redevelopment Area (the "Redevelopment Project") in
accordance with the Redevelopment Plan, and all other applicable laws, ordinances
and regulations; and
\VHEREAS, the Borough believes the Redevelopment Project wiII serve the best
interests of the Borough, and that it promotes the health, safety, morals and welfare of
the Borough's residents; and
\VHEREAS, in order to set forth the tenns and conditions under which the Borough
and the Redeveloper shall carry out their respective obligations with respect to the
construction of the Redevelopment Project, the Borough and the Redeveloper have
determined to execute a redevelopment agreement; and
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09-72
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\VHEREAS, the Borough desires to designate the Redeveloper as the redeveloper for
the Project Area and to authorize the execution of a redevelopment agreement
memorializing the terms and conditions under which the Borough and the Redeveloper
shall carry out their obligations with respect to the construction of the Redevelopment
Project.
NOW, THEREFORE BE IT RESOLVED by the Borough Council of the Borough
ofCarteret, in the County of Middlesex, New Jersey, as follows:
Section 1. The aforementioned recitals arc incorporated herein as though
fully set forth at length.
Section 2. GP 700 Blair Road, LLC is hereby designated as redeveloper of
the Project Area subject to the limitations set forth herein.
Section 3. (a) The Borough Council hereby authorizes the execution of a
redevelopment agreement by and between the Borough and the Redeveloper in a form
acceptable to the Borough Attorney (the "Redevelopment Agreement").
(b) The Mayor is hereby authorized to execute the Redevelopment A&'Teement
in a form acceptable to the Borough Attorney.
Section 4. If any part of this Resolution shall be deemed invalid, such parts
shan be severed and the invalidity thereof shan not affect the remaining parts of this
Resolution.
Section 5. A copy of this Resolution shall be available for public
inspection at the offices of the Borough.
Section 6. This Resolution shall take effect inunediately and shall be in
effect so long as the Borough and the Redeveloper execute the Redevelopment
Agreement within thirty (30) days ofthe date of adoption hereof.
MoptEd this 5 day of M<\rch, 2Cf:fJ ~
certifiEd as a ttu2 CO[:o/ of the original
on Marrh 6, 2009.
KIiIHI.El'N M. 1'i\mEY, M>[;
M.IDicipll Clerk
COUNCIU\fAN
YES
RECORD OF COUNCIL VOTE
NO NY A,D. COUNCILMAN
X KRlM
N4PIES
SITAFZ
YES NO
X
X
NV A.D.
BEIlINJ
Q)LQ\j
OIAZ
X
x . Indicale VOle AB - Absent
NV - Nol VOling
XOR - InJitntcs Vote to Overrule Veto
Adopted at a meeting of lhe Municipal Council