166-18 Main St. Redevelopment.pdf

93235-004: 697334.3 WHEREAS, the Township wishes to evidence its consent to such transfer, NOW, THEREFORE, BE IT RESOLVED by the Township Council of the Township of West Orange, in the County of Essex, New Jersey, as follows: I. GENERAL The aforementioned recitals are incorporated herein as though fully set forth at length. II. DGP TRANSFER AUTHORIZED The Township hereby grants its consent to the transfer of the Greenfield Phase 1 Entity’s interest in DGP Edison, LLC to Terra. Such consent is effective for all purposes of the DGP Agreement, the projects contemplated thereunder, and any agreements related to such projects as have been executed or may be executed from the Township from time to time. The Mayor is hereby authorized to execute any document necessary or desirable in consultation with counsel to evidence such consent. III. PRISM TRANSFER AUTHORIZED The Township hereby grants its consent to the transfer of the Greenfield Phase 2 Entity’s interest in Prism to Terra. Such consent is effective for all purposes of the Prism Agreement, the projects contemplated thereunder, and any agreements related to such projects as have been executed or may be executed from the Township from time to time. The Mayor is hereby authorized to execute any document necessary or desirable in consultation with counsel to evidence such consent. IV. SEVERABILITY If any part of this Resolution shall be deemed invalid, such parts shall be severed and the invalidity thereby shall not affect the remaining parts of this Resolution. V. AVAILABILITY OF THE RESOLUTION A copy of this resolution shall be available for public inspection at the offices of the Township.