HomeMy Public PortalAboutr 08:173
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No. 08- 173
Date of Adoption
Tyl)' 24, 2008
RESOLUTION OF THE BOROUGH OF CARTERET, IN THE
COUNTY OF MIDDLESEX, NEW JERSEY DESIGNATING A
REDEVELOPER AND AUTHORIZING EXECUTION OF AN
AGREEMENT FOR THE REDEVELOPMENT OF A PORTION
OF THE FEDERAL BOULEVARD REDEVELOPMENT AREA
WHEREAS, the New Jersey Local Redevelopment and Honsing Law, NJ.S.A.
40A:12A-l et seq. (the "Redevelopment Law") authorizes municipalities to determine
whether ce1}:ain 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. (''EPCS'')
prepared a Property assessment entitled "Federal Boulevard Area Assessment Phase IT'
'dated April 2006 ("Property Assessment"), of properties commonly known as Block
64.02, Lots 1 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 Plauning Board adopted a resolution of
findings and conclusions, based upon the Property Assessment determining, among
other things, to recommend to the Borough Council that the Assessment Area be
designaiOd. an "area in need of redevelopment" by the Borough; and
WHEREAS, on July 20, 2006, the Borough Council, following the
recommendation of the Plamrlng Board, adopted resolution number 06-212,
determining that the Assessment Area constitutes an "area in need of redevelopment"
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 "Redevelopll;1ent Area"); and .
WHEREAS, BPCS prepared a redevelopment plan for the Federal Boulevard
Redevelopment Area, entitled "Pederal Boulevard Redevelopment Plan" and dated
September 11, 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 ofthe Redevelopment Plan; and
'VHEREAS, on October 26, 2006, the Borough Council, pursuant to Section 7
ofthe Redevelopment Law (NJ.S.A. 40A:12A-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
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No08-173
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WHEREAS, [PRISM ENTITY] (the "Redeveloper") has been engaged in
. negotiations with BASF Corporation (''BASP''), 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
WHEREAS, 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
WHEREAS, 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
WHEREAS, the Borough believes the Redevelopment Project will 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 terms and conditions under which the
Borough and the Redeveloper sh!lll 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
WHEREAS, 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 of Carteret, in the County of Middlesex, New Jersey, as follows:
Sectionl. The aforementioned recitals are incorporated herein as though
fully set forth at length.
[PRISM ENTITY] is hereby designated as redeveloper of the
(b) The Mayor is hereby authorized to execute the Redevelopment Agreement in
substantially the same form as that on file with the Borough Clerk, with such additions,
deletions and modifications as may be necessary after consultation with the Borough's
professional consultants and the Borough Clerk is hereby directed. to attest to the
Mayor's execution of such agreement to affix the Borough Seal thereto.
Section 4. If any part of this Resolution shall be deemed invalid, such parts
shall be severed and the invalidity thereof shall not affect the remaining parts of this
Resolution. ~ -
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Section 5. A copy of this Resolution shall be available for public inspection at the
offices ofthe Borough.
Section 6. This Resolution shall take effect immediately and shall be in
effect so long as the Borough and the Redeveloper execute the Redevelopment
Agreement within fourteen (14) days of the date of adoption hereof.
Adopted this 251h day of July, 2008
And certified as a tme copy ofthe
Original on July 26,2008.
LINDA A. RNERA,
Assistant Municipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN YES NO NY A.B. COUNCILMAN YES NO NY A.B.
1 D"'fTTNt'I X KRUN X
mTrw X 2 NAPLES
X
nT.7 x. SITARZ X
X-JndkateVole An-Absent NV - Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council _ . Tulv 24.
2008
13030-050349482-1 (C5(~ O/:.s;.
Asst. Clerk