August 15, 2017

4 On motion made by Councilman Guarino and seconded by Councilwoman Casalino, the consent agenda was approved. All members present voting “Aye.” At this time, a presentation was made by Jennifer Credidio, Esq., McManimon, Scotland and Baumann, LLC, Special Redevelopment Counsel to the Township and Michael Hanley, NW Financial Group, LLC, Financial Advisor to the Township regarding Prism Phase II. Robert Fourniadis, Senior Vice President, Prism Capital Partners answered questions of the Council with regard to the amenities that will be offered. At this time, the Council President allowed Mr. Kevin Malanga, 57 Ridge Road to ask questions about the presentation given. Resolution(s) Removed from Consent Agenda Resolution 179-17 Resolution Authorizing an Application to the Local Finance Board Pursuant to N.J.S.A. 40A:12A- 29(a)(3) and N.J.S.A. 40A:12A-67 (G) in Connection with Not to Exceed $21,000,000 Non-Recourse Redevelopment Area Bonds (Downtown Redevelopment Project) (Legal-Credidio) On motion made by Councilwoman Casalino and seconded by Councilman Guarino, the above mentioned resolution was approved. Councilwoman Casalino, Councilman Cirilo, Councilman Guarino and Councilwoman McCartney voting “Aye.” Council President Krakoviak voting “Nay.” Resolution 180-17 Resolution Approving the Application by GP Ashland Urban Renewal, LLC, Submitted in Accordance with N.J.S.A. 40A:20-8 in Connection with the Portion of the Downtown Redevelopment Area on Ashland Avenue and Lakeside Avenue (Phase 2D-Block 64, Lots 3.02, 28, 30, 31, 32, 33, 38, 40, 42.02 and 49.01) (Legal-Credidio) On motion made by Councilwoman Casalino and seconded by Councilman Guarino, the above mentioned resolution was approved. Councilwoman Casalino, Councilman Cirilo, Councilman Guarino and Councilwoman McCartney voting “Aye.” Council President Krakoviak voting “Nay.” Resolution 181-17 Resolution Approving the Application by GP 55 Lakeside Urban Renewal, LLC Submitted in Accordance with N.J.S.A. 40A:20-8 in Connection with a Portion of the Downtown Redevelopment Area on Lakeside Avenue (Phase 2B-Block 115, Lots 16, 16.01 and 51 and a Portion of Block 115, Lot 15) (Legal-Credidio) On motion made by Councilman Guarino and seconded by Councilwoman McCartney, the above mentioned resolution was approved. Councilwoman Casalino, Councilman Cirilo, Councilman Guarino and Councilwoman McCartney

made by Councilman Guarino and seconded by Councilwoman McCartney, the above mentioned resolution was approved. Councilwoman Casalino, Councilman Cirilo, Councilman Guarino and Councilwoman McCartney voting “Aye.” Council President Krakoviak voting “Nay.”