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No. C9-1S8
Date of Adoption July 9, '2J.J:fJ
RESOLUTION OF THE BOROUGH OF CARTERET, IN THE
COUNTY OF MIDDLESEX, AUTHORIZING THE SALE OF
BOROUGH OWNED PROPERTY
.WHEREAS, the Borough of Carteret (the "Borough") is the owner of properties located
at Block 251, Lot 2 (68 Unioo Street) and Block 252, Lot 1 (68 Essex Street) in the
Borough; and
WHEREAS, NJ.S.A: 40A: 12.2 1 provides, in pertinent part, that when a governing body
of a municipality determines that all or part of a tract of land (with or without
improvements) owned by the municipality is not needed for municipal purposes, said
governing body may authorize a private sale and conveyance of such property for a
consideration , which may be nominal, and containing a limitation that such property
shall be used only for the purposes of the organization to which the property is conveyed;
and
WHEREAS, N.J.S.A: 40a:12.21 (1) provides, in pertinent part, that a municipality may
convey property to a duly incorporated nonprofit housing corporation for the purpose of
constructing housing for low or moderate income persons or families, or handicapped
persons: and
WHEREAS, the Borough intends to convey the properties known as Block 251, Lot 2
(68 Union Street) and Block 252, Lot 1 (68 Essex Street) in the Borough of Carteret
Housing and Development corporation ("CRADCO"), a New Jersey Non-Profit
Corporation, to build housing for low or moderate income persons or families.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough
ofCarteret, in the County of Middlesex, State of New Jersey, as follows:
1. The aforementioned recitals are incorporated herein as though fully set forth
allength.
2. The properties known as Block 251, Lot 2 (68 Union Street and Block 252,
Lot 1 (68 Essex Street) in the Borough are no longer needed for municipal
purposes.
3. The properties known as Block 251, Lot 2 (68 Union Street) and Block 252,
Lot 1 (68 Essex Street) in the Borough may be conveyed to CRADCO for a
nominal consideration, which may be deteanined by the Mayor in his
discretion, and such conveyances may be subject to such other low or
moderate income persons or families, and such conveyances may be subject to
such. other restrictions as the Mayor may deem appropriate, in his discretion.
4. This Resolution shall take effect immediately.
5. Upon final adoption hereof, the Borough Clerk shall forward a certified copy
of this Resolution to McManimon & Scotland, L.L.C., attn: Kevin P.
McManimon, Esq.
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RECORD OF COUNCIL VOTE
COUNCILMA.'1 YES NO NY A.B. COUNClLl'oolAN YES NO NY A.B.
E'ELillD X KRf..M X
k01,Cll X i'W'IES X
DW X SITARZ X
.
X.lndicateVme AS-Absent NV. Nat Vating XOR -Indicates Vale ta Overrule Veta
Adopted at a meering of the Municipal Council ~ 9,2fm .
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