HomeMy Public PortalAboutr 10-248
2f{ezoh:dion of tIfe ~orotrB4 nf C!hrrferet) ;N _ 31.
10-?48
No.
Date of Adop!io,!:Ctol:B: 7, 2010
RESOLUTlON OF THE BOROUGH OF CARTERET, Il'I THE COUNTY
OF iYlIDDLESEX DESIGNATIl'IG BUTTER CONSTRUCTION
COMPANY AS THE CONDITIONAL REDEVELOPER OF A PORTION
OF THE MIDDLESEX AVENUE REDEVELOPi'llENT AREA
.WHEREAS, the New Jersey Local Redevelopment and Housing Law, N.J.S.A.
40A:12A.l et seq. (the "Redevelopment Law") authorizes municipalities to determine whether
certain parcels of land located therein constitute areas in need of redevelopment; and
WHEREAS, by resolution duly adopted on August 11, 2005, the Borough Council (the
"Borough Council") ofthe Borough of Carteret (the "Borough") designated the propert~es known
as Block 242, Lots 1,2, 3 & 5 on the Borough's tax map (the <<Redevelopment Area") as an area
in need of redevelopment under the Redevelopment Law; and
\VHEREAS, by Ordinance No. 05.62, finally adopted on December 15, 2005, the
Borough Council adopted a redevelopment plan for the Redevelopment Area; and.
"\VHEREAS, by resolution adopted on September 9, 20ID, the Borough designated
Newman's Refrigerated Services, Inc. CNewman") as the redeveloper of a portion of Block 242,
Lot 1; and
1YHEREAS, Butter Construction Company ("BCC") has expressed a desire to redevelop
the portion of the Redevelopment Area, which portion consists of that portion of Block 242, Lot
I that Newman will not redevelop (the "Project Site"); and
\1'HEREAS, the Carteret Redevelopment Agency now owns the Project Site; and
WHEREAS, the Mayor and Council have determined that BCC is capable of
undertaking the redevelopment of the Project Site; and
'VHEREAS, the Borough wishes to engage in preliminary negotiations with BCe, or
with any corporate entity that BeC shall create and wholly own, in furtherance of entering into a
formal redevelopment agreement, with said preliminary negotiations to include the receipt and
r.eview of additional project specific information from Bec as may be requested.
NOW, THEREFORE, BE Ai"'D IT IS HEREBY RESOLVED by the Mayor and
Council of Borough of Carteret, in the County of Middlesex and the State of New Jersey, as
follows:
Section 1. Butter Construction Company, with offices at 1242 Roosevelt Avenue,
Carteret, New Jersey 07008, is hereby conditionally designated as the redeveloper of the Project
Site and has, at the sole and exclusive discretion of the Borough, through itself or through a
wholly owned corporate entity that it may create, the option to enter into preliminary
negotiations for a redevelopment agreement with the Borough for the redevelopment of the
Project Site.
No.10-?l.g
PAGE~
Section 2. TIle within designation is hereby made for a limited period of sixty (60)
days, and is further contingent upon Bee (or such wholly owned corporate .entity as it may
create) providing any additional project related infomtation as may be requested by the Borough.
Section 3. The within designation is further contingent upon Bce (or such \vholly
owned corporate entity as it may create) agreeing to reimburse the Borough for any and all costs
associated with the Borough's review of said additional material and any efforts involved in
designating Bee as the conditional redeveloper of the Project Site and negotiating a formal
redevelopment agreement between the Borough and Bee (or such wholIy owned corporate
entity as it may create). Said costs shall include, but not be limited to, the cost of any and all
professional consultants retained by the Borough to review said materials and/or assist the
Borough in negotiations of a formal redevelopment agreement.
Section 4. The Mayor is hereby authorized and directed to execute an Interim Costs
Agreement in substantially the same form as that on file with the Borough Clerk, along with such
additions, deletions or modifications as the Mayor may deem necessary, after consultation with
counsel.
SectionS.
This resolution shall take effect immediately.
Adopted this 7th day of October, 2010 and
certified as a true copy of the original 011
October 8'\ 2010.
KATHLEEN M. BARJ'lEY, lI.lMC
Nlunicipal Clerk
RECORD OF COUNCIL VOTE
COUNCILMAN YES NO NY A.B.
COUNCILMAN YES NO NY A.B.
KID1 X
, X
DIAZ X NAPlES X
S lTARZ X
DIffASCIQ X
x" lndicaleVote AS- Absent NY - NOl Voting XOR - lndil'alcs VOle 10 Overrule VeIn
Adopted;ll il meeting of the Municipal Council / j (HoI:B: 7, a)10
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