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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