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HomeMy Public PortalAboutr 10-132 ~ezolution of tqe ~oraugq of QIctderd, ~~ 3J~ No.1o-n? STATE OF NEW JERSEY DEPARTMENT OF ENVIRONMENTAL PROTECTION GREEN ACRES ENABLING RESOLUTION Date of Adoption JlJf'e 17. 2.010 \VHEREAS, the New Jersey Department of Environmental Protection, Green Acres Program ("Statell), provides loans and/or grants to municipal and county governments and grants to nonprofit organizations for assistance in the acquisition and development of lands for outdoor recreation and conservation purposes; and WHEREAS, the Borough of Carteret desires to further the public interest by obtaining funding in the amount of $240,000.00 from the State to fund the following project(s): rehabilitation of two heaviiy used parks; Carteret A venue and Cypress and Louis Streets; and Little Park located between Fillmore A venue and Ash Street, at a cost of $480,000.00; NOW, THEREFORE, tlle governing bodylboard resolves that Daniel J. Reiman or the successor to the office of Mayor is hereby authorized to: a) make application for such a loan andlor such a grant, b) provide additional application information and furnish such documents as may be required, and c) act as the authorized correspondent of the above named applicant; and WHEREAS, the State shall determine if the application is complete and in conformance with the scope and intent of the Green Acres Program, and notify the applicant of the amount of the funding award; and WHEREAS, the applicant is willing to use the State's funds in accordance with such rules, regulations and applicable statutes, and is willing to enter into an agreement with the State for the above named project; NOW, THEREFORE, BE IT FURTHER RESOLVED BY THE Mayor and Council of the Borough of Carteret as follows: l. That the Mayor of the above named body or board is hereby authorized to execute an agreement and any amendment thereto with the State known as :Multi-Parks Improvements 3; 2. That the applicant has its matching share of the project, if a match is required, in the amount of $480,000.00; 3. That, in the event the State's funds are less than the total project cost specified I above, the applicant has the balance of funding necessary to complete the project; 4. That the applicant agrees to comply with all applicable federal, state, and local laws, rules, and regulations in its perfonnance of the project; and 5. That this resolution shall take effect immediately. Adopted this 17'" day of June, 20 I 0 and certified as a true copy of the original on June 18, 2010. KATHLEEN M. BARNEY, MMC Municipal Clerk RECORD OF COUNCIL VOTE COUNCILMAN YES NO NY A.B. X X COUNCILMAN BELLINO KRUN YES NO NV A.B. X X X SITARZ X X -Indicate Vote AB ~ Absent NY - Not Voting XOR .lndkales Vote 10 Overrule Veto Adopted at a meeting of the Municipal Council Green Acres Program Department of Environmental Protection (609) 984-0570 GREEN ACRES PROJECT AGREEMENT BETWEEN THE STATE OF NEW JERSEY BY THE DEPARTNIENT OF ENVIRONMENTAL PROTECTION r/ Green Acres Copy Local Govemment Unit Copy 2/9/2010 AND BOROUGH OF CARTERET MIDDLESEX COUNTY File No. 1201-08-038 Dated: THE STATE OF NEW JERSEY BY THE DEPARTMENT OF ENVIRONMENTAL PROTECTION GREEN ACRES PROGRAM GREEN ACRES PROJECT AGREEMENT BETWEEN Carteret Borough Middlesex County having its office at 61 Cooke Avenue Carteret, New Jersey 07008 hereinafter "Local Government Unit", and the State of New Jersey by the Department of Enyironmental Protection, Green Acres Program, P. O. Box 412, Trenton, New Jersey 08625-0412, hereinafter "State", WITNESSETH: WHEREAS, Local Government Unit has submitted an application to the State for financial assistance under the Green Acres Program; and WHEREAS, Local Government Unit has agreed to hold and use the premises hereinafter described in accordance with the rules adopted by the State Q'::!J.A.C. 7:36-1 et ~.); and WHEREAS, the State has reviewed said application and has found it to be in conformance with the scope and intent of the Green Acres Program and has approved Local Govemment Unit's request for funding; NOW, THEREFORE, in consideration of the award of funding, and in accordance with the application heretofore filed, the State and Local Government Unit agree to perform in accordance with the provisions, terms and conditions set forth in this Project Agreement. PROJECT PERIOD The project period shall begin on the earliest of the following dates: (1) The date of the letter from the State notifying the Local Government Unit of the amount of the Green Acres funding award; (2) The date of the at- riSk authorization provided by the Green Acres Program under NJ.A.C. 7:36-3 or N.J.A.C 7:36-12.3; or (3) The date on which the Local Government Unit first inculTed allowable project costs under NJ.A.C. 7:36-4.10 or NJ.A.C. 7:36-10.6; and shall terminate two years from the date this Project Agreement is executed by the last required signatory for the State (unless extended under NJ.A.C. 7:36-9. I (h) or N.J.A.C. 7:36-14.1(h)). APPROVED PROJECT DESCRIPTION LOCAL GOVERNMENT UNIT: Carteret Borough PROJECT NUMBER: 1201-08-038 TYPE OF PROJECT: Acquisition X Development PROJECT TITLE: Multi-Parks Improvements 3 APPROVED PROJECT SCOPE: Carteret Borough seeks funding to rehabilitate two heavily used parks: Carteret Park, located between Carteret Avenue and Cypress and Louis Streets; and Little Park (a.k.a. Ash St. Park), located between Fillmore Avenue and Ash Street. At Carteret P ark, proposed improvements include a new stamped concrete walkway with lighting, benches, landscaping and rehabilitation of the baseball field at Sullivan Field. At Little Park, the Borough proposes to remove the existing paved area and replace it with sod, relocate existing tot lot and install fibar safety surfacing, new playground equipment, benches, fencing, concrete sidewalk throughout the park and landscaping. PROJECT LOCATION (a lot and block description of the premises to be acquired or developed): Block 183, Lot 24: Carteret Avenue & Cypress Street Block 279, Lot I: Arthur & Ash Streets ALLOCATION OF PROJECT COST: Funds directly from Local Government Unit $0 Donation through Local Government Unit $0 LOCAL SHARE $0 State Loan $240,000 $240,000 State Grant STATE SHARE $480,000 $0 OTHER SHARE ESTIMA TED TOTAL COST FOR APPROVED PROJECT $480,000 2 GENERAL PROVISIONS I. GREEN ACRES LAWS INCORPORATED BY REFERENCE The Green Acres laws are hereby incorpofated into this agreement by reference, as if set forth herein in their entirety. The "Green Acres laws" means all Green Acres Bond Acls (p.L. 1961, c.46; P.L. 1971, c.165; P.L. 1974, c.l02; P.L. 1978, c.1l8; P.L. 1983, c.354; P.L. 1987, c.265; P.L. 1989, c.183; P.L. 1992, c.88; P.L. 1995, c.204; P.L. 2007, c. 119; P.L. 2009, c. 117; and any State general obligation bond act that may be approved after the date of enactment of this act for the purpose of providing funding for the acquisition or development of lands for recreation and conservation purposes); the Green Acres statutes (tl.J.S.A. 13:8A-1 et seq., 13:8A-19 et seq., and 13:8A-35 et seq.); the Garden State Preservation Trust Act (P.L. 1999, c.152, codified at NJ.S.A. 13:8C~1 et seq.); and the Green Acres rules (tlJ.A.C. 7:36-1 et~.) 2. PROJECT ADMINISTRATION a) Local Goyernment Unit agrees to provide all funds in excess of the State share necessary for completion of the Approved Project and to complete the Approved Project in accordance with this Project Agreement. b) Local Government Unit shall submit all development plans to the State for review and approyal prior to advertisement for bids. c) Local Government Unit shall award contracts and subcontracts for the Approved Project free from bribery, graft and other corrupt practices. Local Government Unit shall bear the primary responsibility for the prevention, detection and cooperation in the prosecution of any such conduct. Local Government Unit shall pursue available judicial and administrative remedies, and take appropriate remedial action with respect to any allegations or eyidence of such illegality or corrupt practices. Local Government Unit shall notify the State immediately after such allegation or evidence comes to its attention, and shall periodically advise the State of the status and ultimate disposition of any such matter. d) Local Government Unit shall award all project contracts in accordance with the Local Public Contracts Law, NJ.S.A. 40A:11-1 !tl ~., and the rules and regulations adopted pursuant thereto, NJ.A.C. 5:34-1 !tl~. e) Local Government Unit agrees that it will not enter into a contract for work on the Approved Project with any person debarred, suspended, or disqualified from State contracting pursuant to NJ.A.C. 7: 1-5.1 !tl ~. Local Government Unit shall insert in every construction contract for work on the approved project a clause stating that the contractor may be debarred, suspended or disqualified from contracting with the State if the contractor commits any of the acts listed in N.J.A.C. 7: 1-5.2. f) Local Government Unit, its contractors and subcontractors shall comply with Title VI of the Civil Rights Act of 1964, as amended (42 U.S.C. 2000d-2000d-4); the discrimination and affirmative action provisions of N.J.S.A. 10:2-1 through 10:2-4; the New Jersey Law Against Discrimination, N.1.S.A. 10:5-1 !tl ~.; and the rules and regulations promulgated pursuant thereto. g) Local Government Unit, its contractors and subcontractors shall comply with the provisions of N.J.S.A. 52:32-4 !tl ~., and the rules and regulations promulgated pursuant thereto, as well as the provisions set forth in the Unifonn Construction Code at N.J.A.C. 5:23-7.1 et ~., regarding facilities for the handicapped. 3 h) Local Government Unit shall construct a sign designed to State specifications, which shall be erected and maintained by Local Government Unit during construction of the Approved Project. Upon completion of the Approved Project, the State will provide a permanent sign, which shall be erected and maintained by Local Government Unit in a publicly visible location at the Approved Project site. i) Local Government Unit shall maintain and preserve all lands and improvements described herein or any other property subject to Green Acres laws and provide such police protection as may be required. j) The Local Government Unit, its employees, its subcontractors, and its subcontractors' employees shall not engage in any conduct which could be considered a conflict of interest under the New Jersey Conflicts of Interest Law, NJ.S.A. 52:I3D-12 ~~. k) For an acquisition project, within six months of acquiring the project site, the Local Government Unit shall inspect the project site for the presence of structures that are 01' may be historic properties. An "historic property" means any area, building, facility, property, site, 01' structure approved for inclusion,' 01' that meets the criteria for inclusion, in the New Jersey Register of Historic Places pursuant N.J.S.A. 13:IB-15.128 et seq. Within 60 days of such inspection, the Local Government Unit must provide written documentation pursuant to N.J.A.C. 7:36-4.4(b). 3. DISBURSEMENTS a) Acquisition project costs allowable for funding may include real estate appraisals, preliminary assessments, land surveys, relocation payments, eligible land costs, building demolition costs, and such incidental costs as provided for under NJ.A.C. 7:36-4.10. b) Development project costs allowable for funding may include preliminmy planning and engineering; engineering plans and specifications; supervision and inspection; construction costs; pennit fees; equipment required to make a facility operational; incidental costs as provided for under NJAC. 7:36- 10.6, such as legal and advertising fees; and ancillary improvements as further described in the Approved Project Scope. c) State funds may be disbursed to the Local Government Unit in amounts required to pay for incurred 01' anticipated allowable project costs. Local Government Unit shall provide cost documentation satisfactory to the State certifying that the allowable project costs have or will be incurred. . d) In those instances where Green Acres Program funding is greater than actual allowable expenditures incurred by the Local Government Unit, the funding amount will be administratively adjusted by the State to reflect actual allowable expenditures. 4. FINANCIAL RECORDS AND AUDITING REQUIREMENTS a) All financial records of Local Government Unit, its contractors and subcontractors shall conform to generally accepted accounting principles. b) Local Government Unit, its contractors and subcontractors shall provide State personnel and its authorized representatives with reasonable access to all facilities and premises, and shall provide access to all records, books, documents and papers pertaining to this Agreement and/or the Approved Project for audit, examination, and copying purposes. Such access shall apply during the perfonnance of the Approved Project and for three years after the later of either final payment 01' audit resolution. Local Government Unit shall cite this provision in all project-related contracts. 4 c) Local Government Unit shall conduct annual audits in confonnance with the Single Audit Act, Federal OMB Circular A-133: "Audits of States, Local Governments, and Non-Profit Organizations", and State OlVIB Circular 04-04-0MB: "Single Audit Policv for Recipients of Federal Grants, State Grants, and State Aid". d) Local Government Unit's account or final payment will be adjusted, if necessary, upon the State's review of the annual audit reports. 5. LAND USE RESTRICTIONS a) A Local Government Unit that receives Green Acres funding shall not convey, dispose of, or divert to a use for other than recreation and conservation purposes any lands held by the Local Government Unit for those purposes at the time of receipt of Green Acres funding unless the Local Government Unit obtains prior approval from the Commissioner and the State House Commission. (See NJ.A.C. 7:36-26; N.J.S.A. 13:8A-47(b); and NJ.S.A. 52:20-1.) "Time of receipt of Green Acres funding" means, for a development project, the period from the earlier ofthe dates listed at I and 2 below until the date of the first transmittal of Green Acres funding. For an acquisition project, this tenn shall mean the period from the earlier of the dates listed at 1 and 2 below until the date of the first transmittal of Green Acres funding for each parcel acquired as part of the project: . 1. The date of the letter from the Depattment notifying the Local Government Unit of the amount of the Green Acres funding award; or 2. The date of the at-risk authorization provided by Green Acres under NJ.A.C. 7:36-6.3 or NJ.A.C. 7:36-12.3. b) The Local Government Unit agrees to execute and record a separate Declaration, which shall inventory and encumber all lands that it holds for recreation and conservation purposes. Such Declaration shall be prepared by the Local Government Unit on forms provided by the Green Acres Program, and shall incorporate by reference this Project Agreement, Green Acres laws, and N.J.S.A. 13:8A-l et ~., and shall contain all other information required by the Green Acres Program. It is to be recorded for the purpose of providing constructive notice of pertinent land use restrictions. Omission of lands from this instrument or the failure of the instmment to provide actual or constructive notice shall not in any way relieve affected lands from such use restrictions. c) For each parcel of land to be acquired under this Project Agreement, the Local Government Unit shall record a deed containing the following clause: "The lands being conveyed herein are being purchased with Green Acres funding and are subject to Green Acres restrictions as provided at N,J,S,A, 13:8C-l et seq, and N,J,A.C. 7:36-1 et. seq., as may be amended and supplemented, and the grantee herein agrees to accept these lands with the Green Acres restrictions, including restrictions against disposal or diversion to a use for other than recreation and conservation purposes," 6. INDEMNIFICATION The Local Government Unit assumes all risk and responsibility for, and hereby agrees to indemnify, defend and save harmless the State of New Jersey, and its agents, officials, and employees from and against any and all damages, claims, demands, liability, judgements, losses, expenses, or costs arising or claimed to arise from, or in connection with this Agreemenl, the project, the ownership of the project site, or resulting from acts or omissions of the Local Government Unit, its employees, agents, contractors or subcontractors. The Local Government Unit 5 shall also, at its own expense, appear, defend and pay all reasonable charges for attorney's fees and all reasonable costs and other expenses arising from and incurred in connection with such claims. The Local Government Unit shall immediately notifY the State of any damage or claim for which it or the State might be liable pursuant to this Agreement. Local Government Unit's liability shall be limited to acts or occurrences arising during its period of ownership or olher rights in the property. However, its duty to indemnifY for such acts and omissions shall continue after the termination or expiration of this Agreement, and shall survive transfer of title. This duty to indemnifY shall continue in full force and effect after the termination or expiration of this Agreement. Local Government Unit shall include, or cause to be included a provision in all contracts executed for the purpose of carrying out the approved project, a requirement that the contractors and subcontractors provide the State with indemnification protection at least as broad as set forth in this section. 7. REMEDIES a) In addition to any other rights or remedies available to the State under law, if the Local Government Unit does not comply with any of the requirements of this Project Agreement, or the Green Acres laws, or if the Local Government Unit makes any material misrepresentation in the project application and/or the documentation submitted in support of the project application, the State may take any of the following actions as set forth in NJ.A.C. 7:36-9.1 or NJ.A.C. 7:36-14.1: I. Issue a written notice of noncompliance directing the Local Government Unit to take and complete corrective action within 30 days of receipt of the notice. If the Local Government Unit does not take corrective action, or if the corrective action taken is not adequate in the judgment of the State, then the State may take any of the actions described at 2 through 4 and (b) below; 2. Withhold a matching grant or loan disbursement or portion thereof; 3. Terminate the project agreement; and/or 4. Demand immediate repayment of all Green Acres funding that the Local Government Unit has received. . (b) If the Local Government Unit fails to comply with any of the terms of the Project Agreement or the Green Acres laws, the State may initiate suit for injunctiye relief or to seek specific enforcement, without posting bond, it being acknowledged by the parties that any actual or threatened failure to comply will cause irreparable harm to the State and that money damages will not provide an adequate remedy. (c) If the State incurs legal or other expenses, including its own personnel expenses, for the collection of payments due or in the enforcement or performance of any of the Local Government Unit's obligations under the Project Agreement, this chapter, or the Green Acres laws, the Local Government Unit shall pay these expenses on demand by the State. (d) The State is not required to mitigate any damages to the Local Government Unit resulting from the Local Government Unit's noncompliance with the terms of the Project Agreement or the Green Acres laws. 8. TERMINATION a) Local Government Unit may unilaterally rescind this Project Agreement at any time prior to Local Government Unit's initial acceptance of Green Acres funding, whether partial or in full, under this Agreement. After accepting any payment, Local Government Unit may not terminate, modifY or rescind this Agreement without the express written approval of the State. 6 b) State may terminate this Agreement at any time if any representation or warranty made herein or in any certifications, reports, plans, financial statements or other information furnished by lhe Local Government Unit in connection with lhis Agreement shall prove to be false or misleading. 9. MODIFICATION OF PROJECT AGREEMENT Modifications to the Approved Project Scope and/or Pfoject Location, which do not increase the cost of the Approved Project, may be made at the sole discretion of the Green Acres Program. Such modifications shall be requested in writing by the Local Government Unit's Chief Executive Officer, or designee, and must be approved in writing by the Green Acres Program. All approved Project Agreement modifications shall be attached to this Project Agreement. All other modifications of this Project Agreement must be by fonnal amendment executed by the Commissioner of the New Jersey Depattment of Environmental Protection or Commissioner's designee. 10. TERlVI OF PROJECT AGREEMENT The term of this Project Agreement is to extend from full execution through the end of the Project Period. II. OPTIONAL PROVISIONS IMMEDIATELY FOLLOWING ATTACHED Schedule A: Loan Tenns and Conditions (Loan Projects Only) [X] YES []YES []NO [X] NO Schedule B: Special Conditions 12. ATTACHMENT Exhibit I: Declaration of Encumbrance 13. MISCELLANEOUS a) This Project Agreement constitutes the entire agreement and supersedes all prior agreements and understandings both written and oral between the parties with respect to the subject matter hereof and may be executed simultaneously in several counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. b). In the event any provision of this Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. c) In the event that any provision of this Agreement should be breached by Local Government Unit and thereafter waived by the State, such waiver shall be limited to the particular breach so waived by the State and shall not be deemed to waive any other breach by Local Government Unit. d) This Agreement shall not be assigned without the prior written consent of the State. e) This Agreement shall be construed and enforced under the laws of the State of New Jersey. t) In the event of litigation, Local Government Unit waives whatever right it may have to trial by jury. g) Any affinnative obligation of the Local Government Unit shall survive this Agreement. 7 SCHEDULE A Loan Terms and Conditions (Loan Projects Only) 8 ( ) Page(s) SCHEDULE A LOAN TERJ~S, CONDITIONS AND REPAYMENT REQUIREMENTS a) State funds shall be disbursed to the Local Government Unit in such amounts as are required to pay the local government's incurred or anticipated costs for an Acquisition: in advance of closing, or as reimbursement after closing, or after filing a Declaration of Taking; or, for a Development: in one or more consecutive calendar months that total $10,000 or more, or quarterly if the amount requested over the course of three consecutive calendar months total less than $10,000. The Local Government Unit shall provide satisfactory cost documentation certifYing that the eligible, allowable costs have or will be incurred. This certification shall be completed on forms that the State provides and in a manner satisfactory to the State. b) No State funds shall be disbursed to a Local Government Unit that has defaulted on any State loan. In order to facilitate full or partial payment of such defaulted loan obligation, the State may, at its discretion, make a loan payment where it simultaneously receives from the Local Government Unit an amount in repayment of said defaulted loan obligation at least equal to the loan payment. Nothing in this paragraph shall in any way limit any right or duty of the State to demand and collect, at any time, the total amounts due under any such defaulted loan obligation. c) Any disbursement of funds by a Local Government Unit not used in accordance with this Project Agreement shall constitute default of the loan agreement, and all outstanding principal and interest amounts shall become payable immediately to the State. d) The loan shall be repaid in semi-annual installments over a period not to exceed 30 yeafs for acquisition projects and 20 years for development projects. Thirty years shall be calculated from the date of first disbursement to the date of final repayment. e) Repayment of the principal amount by the Local Government Unit shall be made to the State on a date beginning nine months from the date of the final disbursement of the loan; or beginning one year from the date of the first disbursement, whichever comes first. Repayments shall be on a semi-annual basis and in amounts as detailed in the attached Loan Repayment Schedule. The State reserves the right to unilaterally adjust the loan repayment dates andlor amounts on the attached Schedule if the timetable for completion and/or the actual project costs and disbursements vary from the attached Schedule. f) Interest shall accrne at a rate of not more than two (2%) percent per annum on the amount of loan(s) disbursed and outstanding from the date of disbursement to the date of final repayment of the principal amount. Interest accrued against each disbursement (from the date of disbursement to the three months following final disbursement as outlined in (e) above) shall be paid on the date of three months following the final disbursement. Interest accrued on the amortization of the principal amount shall be paid in semi-annual installments on such dates as detailed in the attached Schedule. g) Failure of the Local Govemment Unit to make any repayment within 30 days of the scheduled repayment date shall cause the assessment of a late fee being due from the Local Goyernment Unit and payable to the State as follows: 1. When a payment is 30-59 days past due, five (5%) percent of the payment amount due. 2. When a payment is 60- 89 days past due, ten (10%) percent of the payment amount due. 3. When a payment is 90 or more days past due, fifteen (15%) percent of the payment amount due. Failure of the Local Govemment Unit to make any repayment within 90 days of the scheduled repayment date shall constitute default of the Project Agreement, and all outstanding principal, interest, and penalty amounts shall become payable immediately to the State. For any defaulted loan, interest charges, equal to the loan's interest rate, will begin to accrue from the date repayment was due on the amount of principal outstanding and any interest charges thereon. h) The Local Government Unit may prepay the loan in whole or in part at any time without penalty. Partial repayment(s) shall be applied to the last maturing payment(s) due; shall . be in one or more increments of the amount due on principal; and shall not extend or postpone the due date of any subsequent semi-annual installment or change the amount of such installments. i) The Local Government Unit shall charge and collect such rates, fees, and taxes in sufficient amounts as shall be required to provide revenues in each calendar year, together with other available funds, for the payment of debt service on the loan. j) The Local Government Unit shall allocate a portion of its local budget in sufficient amounts to meet the annual debt service for the loan. These funds shall be deposited into a specific fund for the purpose of assuring repayment of the loan to the State. k) The Local Government Unit shall comply with the statutory requirements of N.J.S.A. 40A relative to the undertaking of this Project Agreement and loan. In accordance with NJ.S.A. 40A:2-1 et seq., the Local Govemment Unit shall timely and properly file a Supplemental Debt Statement with the Division of Local Government Services prior to the execution of this Project Agreement. In the event that approval of the Local Finance Board is necessary to exceed the statutory debt limitation as provided in NJ.S.A. 40A: 2-6, the Local Government Unit shall obtain said approval prior to the execution of this Project Agreement. In the event said approval is not granted by the Local Finance Board, this Project Agreement shall be declared null and void. No loan funds will be disbursed to the Local Government Unit without the State's receipt of a certification of conformance by the Local Government Unit. This certification shall be completed on a fonn that the State provides. FOtUAS/schA LOAN AMOUNT: RATE: PMT PERIODS: CURRENT DATE: PROJECT: Carteret Borough Multi-Parks Improvements 3 1201 -08-038 $240,000 0% 39 April 20, 2010 Estimated Loan Drawdown: DRAWDOWNAM:ORTIZATIQ1\.,.DrSBURSEMENT~ t ";'J\9c:;~1J?I)~: ',:bATI:L ..,;l3krE <":,,.';><./l;MJOtJNT' .::::,'< . INTEREST " Ol-Jun-IO Ol-Sep-IO $240,000 $ $ Estimated Repayment Schedule: PRINCIPAL ACCRUED INT $ AMORTIZED INT $ TOTAL TO BE REPAID $ $240,000 DUE I-SEP-IO 240,000.00 SEMI ANNUAL LOAN REP A YMENTI$' ',:::.',-r;',,;:-:, . ;, .6,153 :851 IPMT # ,DUE '" ,INTEREST, " . .'PRIN CIP AL'" . . :,", ,', _ ..,' ,.,I"/;,q' I 04-Mar-11 2 Ol-Sep-II 3 03-Mar-12 4 31-Aug-12 5 03-Mar-13 6 31-Aug-13 7 03-Mar-14 8 01-Sep-14 9 04-Mar-15 10 01-Sep-15 II 03-Mar-16 12 31-Aug-16 13 03-Mar-17 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 ','iLOA,N,BAl,ANCEI 240,000.00 233,846.15 227,692.31 221,538.46 215,384.62 209,230.77 203,076.92 196,923.08 190,769.23 184,615.38 178,461.54 172,307.69 166,153.85 160,000.00 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 31-Aug-17 03-Mar-18 01-Sep-18 04-Mar-19 01-Sep-19 03-Mar-20 31-Aug-20 03-Mar-21 31-Aug-21 03-Mar-22 01-Sep-22 04-Mar-23 01-Sep-23 03-Mar-24 31-Aug-24 03-Mar-25 31-Aug-25 03-Mar-26 01-Sep-26 04-Mar-27 01-Sep-27 03-Mar-28 31-Aug-28 03-Mar-29 31-Aug-29 03-Mal'-30 $ $ 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 6,153.85 240,000.00 153,846.15 147,692.31 141,538.46 135,384.62 129,230.77 123,076.92 116,923.08 110,769.23 104,615.38 98,461.54 92,307.69 86,153.85 80,000.00 73,846.15 67,692.31 61,538.46 55,384.62 49,230.77 43,076.92 36,923.08 30,769.23 24,615.38 18,461.54 12,307.69 6,153.85 (0.00) REPAYMENTS SHALL BE IVlADE PAYABLE TO: TREASURER, STATE OF NEW JERSEY ALL LOAN REPAYMENTS SHALL BE TRANSMITTED TO: NEW JERSEY DEPT. OF ENVIRONMENTAL PROTECTION BUDGET AND FINANCE OFFICE OF TRUST FUND MANAGEMENT P.O. BOX 420 TRENTON, NEW JERSEY 08625 SCHEDULE B Special Conditions N/A ( )Page(s) 9 SIGNATURES LOCAL GOVERNMENTUNlTATTORNEY LOCALGOVE~ffiNTUNlTCHIEF EXECUTIVE OFFICE Reviewed and approved on A.Ace L/ ,).( /<- v (signature) Robev}- J. 'i3ex-am. G'1' . (print name) 0 ' 20/0 By: Date: }dCLI..!.~ I) .LO I 0 ATTACH AUTHORIZING RESOLUTION STATE OF NEW JERSEY DEPARTMENT OF ENVIRONMENTAL PROTECTION By: Date: Reviewed and approved as to form on February 24, 2010 Paula T. Dow, Attorney General of New Jersey B'y: Randall L. Pease, Deputy Attorney General Reviewed and approved as to form By: State Treasurer (loan project only) Amy Cradic, Assistant Commissioner for Natural and Historic Resources 10 Exhibit 1 Declaration of Encumbrance DECLARATION OF ENCUMBRANCE BOROUGH OF CARTERET Middlesex County THE STATE OF NEW JERSEY Department of Environmental Protection ~/l prepared~(!~~e Bmce W. Bechtloff 2/912010 TO Record and retut11 to: Department of Environmental Protection Green Acres Program P. O. Box 412 Trenton, New Jersey 08625-0412 Attention: Bmce W. Bechtloff DECLARATION OF ENCUMBRANCE This Declaration of Encumbrance is made this day of , 20_, by the Borough of Carteret, Middlesex County, ("Local Government Unit"), whose mailing address is. 61 Cooke Avenue, Carteret, New Jersey 07008. The Local Government Unit makes this Declaration in consideration of the State of New Jersey, Depal1ment of Environmental Protection, Green Acres Program's agreement to provide funding in connection with: Multi-Parks Improvements 3 Project # 1201-08-038 As approved on April 7, 2009 The attached exhibit to this Declaration is labeled "Recreation and Open Space Inventory," comprising _ pages. This exhibit is incorporated into, and forms a pm1 of this Declaration. The Local Government Unit represents and warrants (a) that all lands described in the exhibit attached to this Declaration are held by it for recreation and conservation purposes, and (b) in accordance with NJ.S.A. 13:8A-I et seq., NJ.S.A. 13:8A-19 et seq., N.J.S.A. 13:8A-35 et seq., NJ.A.C. 7:36-1 et seq., and all of the Green Acres Bond Acts (collectively, the "Green Acres Laws"), covenants, agrees, and declares that all lands described on the exhibit attached to this Declaration are subject to the covenants, restrictions, and conditions described in the Green Acres Laws, and further agrees that: 1. The Local Government Unit shall not dispose of or divert to a use for other than recreation and conservation purposes any lands described in the exhibit attached to this Declaration without the approval of the Commissioner and State House Commission. 2. Should lands held by the Local Government Unit for recreation or conservation purposes be, by mistake or inadvertence, omitted from the exhibit attached to this Declaration, such lands shall be subject to the terms and conditions of this Declaration to the same extent as though they had been included. LOCAL GOVERNMffiNTTImT TImT ATTORNEY LOCAL GOVERNMENT UNIT CIllEF EXECUTIVE OFFICER ~-kL( ~ (signature) ~I , 2010 B'~ . tgn ture Reviewed and approved on 1:\1.11 j e I J" Ki i yYl{ly), 1Uill:{ 0 r (print name and title) I "Rl}bel"'l- 'J: BeY-gent t~ (print name) . Date: ~ 2-1, )....DI b I STATE OF NEW JERSEY ) ) ) ss COUNTY OF MIDDLESEX ICERTIFYthaton ~ 02~ Q2.c;/t>, . ~;uJJl. U', ersonallycame before me, y :';;j. 5:: (offio;,"" "od ,b,,"1 /&MtJ j,,\ .' nd stated to my satisfaction that he / she is the individual who (Clerk) signed this Declaration and tha he / she . a. is authorized to execute this Declaration, and b. executed this Declaration as his/her own act, and as the act of the ~~ ft:i &~ represented by him/her as (Local G emm nt Urnt) (Offi~ I ~~~~j~ KATHLEEN M. BARNEY Registered Municipal Clerk (print name and title) .' Page lofg EXHTIllT 1 to DECLARATION RECREATION AND OPEN SPACE INYENTORY ^ Looal Unit whioh rcoeives a lo.n or grant from tho State of New :Sorsey, Offioe ofGl'een Aeres shalll10t dispose of, or divert to a IIse for otber than recreation and conseJ:Vation purposes, any lands (1) acquired or developed with Green Acres er Federal Land and Water Conservation FUlld assistance or (2) held by the Looal Unil for reoreation and conservation purposes at the "time of reooipt ef Green Acres fUllds" (the reStricted lands) NJ.S.A. 13:8A..47. The primary purposes of this recreation and open space Inventory (ROSI) are to document all restrioted lands and to Provide. notice of the restriotiollS to title search""s. Instructions , All restricted lands must be desoribed on the comploted ROSI by their block and lot identification numbers as shown on the current, officialtl\)( map md specify \'Ihether or not each parcel is funded or unfunded parkland. The Local Unit shall submit a. tax map current as of the date of Or,een Aores application showing each paree! of parkland liswd on the ROS!, with tho approxJmate boundaries of each such parcol clearly marked io colored Ink. Staff knOWledgeable of the LoonlUnit's land use regulations and the uses of its land boldings must complete this ROS!. rf only a portion of a current laX Jot is to be restricted, the phrase parI of or portion of shaD be Ilsed on the ROS!. Deletion or omission of lands listed on previously submitted ROSI's is prohibited without prior written approval of the Office ofGrcC11 Acres (See N.J.A.C. 7:36.20,3). The completed ROSJ must be duly executed and certified by the Local Unit's Chief Executive Officer lll1l! planning board chairperson (er equivalent). The page number and the total number of pages in the completed ROSr must be entered at the top right corner ofoach page. All pages, inoluding this Page 1 and the follOwing Page 2, oflho ROS! must be submitt=d. Special/Votes Lands held by school boards, parking a\uhorities, hOllSlng authorities, and similar public agencies without primary reoreation or eo"sDiValinn responsibilities should nO! be inventoried unless th~ arc also hcld for recfeatlon and conservation purposes by the Local Unit. , If lands held by the Local Unit for recreation and conservatiori purposes ar. omitted from this ROS! by mistake, inadvertence, or otherwise, suoh lands shall be subject to the same teImS and conditions, covenants, and restrictions as they would be If they were included. This ROSl, as completeo and duly executed, shall be incorporated into, and bo a part of, both (1) the Green Aeres Project Agreement and{2) the Declaration of Encumbrance. Recommmdal/ons The Local Unit's planning board, and other boards or commissions, aro encouraged to participate in tbe preparation and reviow of this R081. Wheli preparing OJe ROSl, the listed parcels of parkland should bo confirmed by reference to the tax maps that ate required to be submitted as part of the Green Aeres application (See NJ.A.C. 7:36-6.4(a)3il or 12.4(a)4ii). The Local Unit's governing body and planning board should designate, \'11th appropriate descriptive labels, alll.nds listed on this ROSIIn any revision or update of the following master plan elements: recreation plan, conservation plan, and land use plan. The Local Unit's governing body should officially and permanently dedicate all lands held for I'ecreation and conservrttioD purposes, However, failure to do so shall Itave no offect on tho validity of the Declaration.Rev, 1/29/99 ,. Page a of& EXHIBI'l' 1 to DECLARATION RECREATION AND OPEN ~PACE INVENTORY :DdjinitioTlS For the purposes of this ROS!, the following definitions shall apply whenever tile quoted words, or a form of the word are used: . "Declaration') Ineans the recordable, W)'irteninstTurnen1 exeouted by the Local Unit whioh declares that all of tho Local Unit's fllnded and unfunded pal'klands are subject to Green Acres restriotions. "Deyelopmenl" moans any Improvement or physical .Iteration designed to expand or erihance the use of parkland for recreation and consorvation purposes. "Funded parkland" means parkland tllat a Local Unit has acquired or that a Local Unit has developed with Green Acres funding, "Held" means owned, leased, or otherwise controlled (by the Local Unit for recreation and conservation purposes). "Lands" means real propel'ty, including improvements, rights-of.way, riparian and other rights, e"Semet1ts, privileges, and any other rights or interests in. relating to, or connected with leal property. "Local Unit" means a municipalily or countY, or other local political subdivision of this State. or any agency thereof whose primary p\\rpose Is to acquire, administer, protect, develop, and maintain lands for recreation and conseryation purposes. ''Parldand'' means 'Iand acquired, developed, and/or used for recreation and conservation purposes, C<Recreatio~ and conservation purposes" moans the use of lands for ptU'ks, natural areas, foreslS, camping, fishing, reservoirs, water reserves, wildlife preserves, hunting, boating, wintCT sports and similar \II,e. for either public outdoor recreation or consm3tion of natural resouroell, or both, pursuant to the Grecn Acres Bond Acts. This term also includes.the use of historic areas pursuant to l".L. '974,0.102; P.L. 1978, dIg; P.L, 1983, c.354; P.L. 1987, c,265; P,L, 1989, c.183;:t'b 1992, c.88; and P.L. 1995, c,204; and the use ofhistonc buildings and structures pursuant to P.L. 1992, c,88 and P.L. 1995, 0,204; and the usc of ecological and biological study areaS pursuant 10 P.L. 1989, e.lS3; p.L 1992, c.88; and P.L. 1995,0.204. . "ROS!" mean the listing of all parcels of land held by a Local Unit for recreation and conservation purposes at the time of receipt of Green Acres funds, including a description sufficient 10 identify each such parcel. 'Time ofrecoipt of Green Aeres funds" means at all times be8inning 011 the date of the letter from thc Depamnent under N,,!.A.C. 7:36-6.7 or 12,5 notifying the Local Unit of the amount of the Green Acrcs funding award and ending on the date of receipt of the first transmittal of Green Acres funds. "Unfunded pllrkland" means parkland, other than funded parkland, that is held by the Local Unit for recreation l\l'\d conservation purposes at the time of receipt of Green Acres lunds. Legislative Reference,. N.J.S.A. 13:8A-I ~; 1-U.S.A. J3:8A-19 ~j NJ.S.A. 8:A.35 ~ (as amonded and supplemented); N.lA.C. 7:36-let soo.; 16 U.S.C. 460 s.l ct seo. Ex:!iISIT 1 to D.ll:CLARATJON RECREA nON AND OPEN SPACE INVENTORY Locnl Unit: BorollEh of Carterel County: Middlescx l"age~ or~ NOTE: AlIlands.held for recroation alld conscrvationpurposes.(I) must bcd.scribcd by their block and lot identification numbers as shown on the current, official tax mapll1ld (2) keyed to a ourrent, legible, official map of the Local Dnit and ourrent tax map of Local Uttit. The official map IlSeO for this ROSl is named Tax Map and is dated 12/08. 2001. Developed and Partially Devcloped Lands Held for Recreation and Conservation Purposes (*If necessary, use the first page following &. after Page 4 for additional developed and partially developed lands) . ~ .Municioal Location Block .1m Name 1. Cartere! Avenue &. Cypress Street Carteret Park 24 183 Aore.. 18.04 Subt.otal of Acres on this page ......................."........................."..... ....... ............ 18.04 Total Acres of develo'P~d and partiaJJy developed lands from all pages of Ibis ROSt... 57.52 FurrdedfUnfunded Funded :Page ~ of &. EXHTBIT I foDEC1ARAT10N J3.gREATION AND OPEN SPACE fNVENTORY Local Unit: Borou~h ofCartcrct . County: Middlesex NOTE:AII lands held for recreation and conservation purposes (l) must be described by their blook and lot identificatloll numbers as shown 011 the CUrrent, officinl tax map and (2) leevcd to a current, legible, officiallnap of the Local Unit and c\lrrent taX map of Loenl Unit. The official map used for this ROSIis named Ja<t Mac nnd is dated 12/0~, 2001. Wholly Undeveloped Lands Beld for Recreation and Conservlliion Purposes (.If necessary, use the second page following & after Page 4 for additionaJ wholly undeveloped lands) !ill M unleloal Location Name Block bQ! Acres Funded/Unfunded A. Washington Avenue &. Banick Park 124 0.23 Unfunded Horbert Avenue B. .101m Street & Johl1 Street 136 29 Beverly Street Park 136 30 136 31 )36 32 136 33 136 34 2.M Unfunded Subt<>tlil of Acres on thisllage ............................................................................... .:e.,m Tot:!1 Acre~ of wholly undeveloped Innd~ fTom g)l pagos of this ROS!......... ..." ".. ~ CRRTIFlCATION:I HEREBY CERTIFY that this Exhibit J to Declaration, comprising k total pages, is a complete and accurate listing of all lands held by the Local Unit, as of this S day of .::&..:J.'" , 20 ~ for recreation and conservation purposes during the time Of receipt of Green Acres funding. T is ROS! is being submitted to Grcen Acres a.~ part oflhe projeot entitled en . 'ks PhMc 1. outivo Offieer or Loenl Unit ~ -.s:-o 7 , ,.... , This Certification is to be signed only on this page, Pa!!:e 4, ofEXHIBtl: 1 to DECLARATION. Palla 2 of ~ EXHIBIT 1 to DBCLARATION RECREATION AND OPEN SPACE lliVENTORY (Colltlntled) Developed and hrlially Developed Land~ Held for RCf;reatlon and Conse..-vation Purpose~ (' Numerical Key) <Kev Municipal LOClltion Name Block !a.l ACl'es Fu~dedlUnfunded Per~hing Avenue & Chrome Park 262 I Essex Street 262 2 262 3 262 4 262 S 262 6 262 7 262 8 263 I 263 2 263 3 263 4 263 5 263 6 263 7 263 S 264 1 264 2 264 3 264 4 264 5 264 6 264 7 264 8 264 9 265 1 265 2 265 3 265 4 265 S 265 6 265 7 265 8 4.50 Unfunded Subtotal of A.re~ on ~ page .........................,........................................... "" ,,,... 4.50 Suhtlllnl of ACYelI on tbis page ........ ""'" ,..........................."..."."...."... ............ 34.98 TOTAL P.07