HomeMy Public PortalAboutR 00:179No. 00-179
Date ol Adoplion_JUNE 17 2000
RESOLUTION APPROVING DEVELOPERS AGREEMENT AND
AUTHORIZING EXECUTION
WHEREAS, Port Carteret, J.V. (the "Developer") has obtained appropriate land
development approvals from the Carteret Planning Board in connection with its
planned development of Block 1, Lots 2.2, 2.11 and 2.12 as shown on the tax map
of the Borough of Carteret, (the "Subject Property"); and
WHEREAS, the Developer has voluntarily offered, in recognition of its civic
obligations and the impact its development will have on the Borough's
infrastructure, to contribute one hundred twenty seven thousand, five hundred and
eight ($127,580.00) dollars to be used for roads infrastructure and other off site
improvements at the discretion of the Borough; and
WHEREAS, the Mayor and Council have determined it to be in the best interest of
the community to accept the contribution of into a developer's agreement.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the
Borough of Carteret that the Developer's Agreement with Port Carteret, J.V. copy
attached, is hereby approved.
BE, IT, FURTHER RESOLVED that the Mayor and Municipal Clerk be and are
hereby authorized to execute said Developer's Agreement on behalf of the Borough.
BE, IT, FURTHER RESOLVED that a copy of this resolution shall be forwarded
to the Carteret Planning Board and be advertised as prescribed by law..
Adopted this 1st day of June, 2000
and Certified as a true copy of the
original on June 2, 2000.
KATHLEEN M. BARNEY, RMC/CMC
Municipal Clerk
COUNCILMAN
CRILLEY
FAZEKAS
O'BRIEN
X - Indicate Vote
RECORD OF COUNCIL VOTE
y!s ~7~ NZt COUNCILMAN
QUINONES
SANTORO
SOHAYDA
AB - Absent NV - Not Voting
ES NO NV A.B. i
XOR - Indicates Vole to Overrule Veto aer
Adt)plcd al a meeting ol file Municipal Council
2000