192-18 First Amend. to Interim Red. Agmt. - Alpert Group.pdf

192-18 September 4, 2018 RESOLUTION WHEREAS, on March 7, 2017, the Township Council adopted Resolution No. 74-17 which authorized the Mayor to execute an Interim Redevelopment Agreement with The Alpert Group, LLC (“Alpert”); and WHEREAS, on March 7, 2017, the Township and Alpert executed the Interim Redevelopment Agreement; and WHEREAS, the Interim Redevelopment Agreement remains in full force and effect; and WHEREAS, part of the designated areas includes Lot 32, Block 9 on the Tax Map of the Township of West Orange which is also known as the Biddleman Parcel (the “Property”); and WHEREAS Alpert has entered into a Contract to acquire the Property; and WHEREAS the Property is part of the Brownfields Development area “BDA” which provides a source of funds for the investigation and the remediation of certain environmental issues; and WHEREAS, the Property is directly contiguous to the Selecto Flash Property which the Township currently owns and which Parcel is also part of the redevelopment area; and WHEREAS, the Township desires to support the redevelopment area by acquiring the Property for a potential public use such as parking or other complementary uses to the residential and commercial neighborhood; and WHEREAS, the Township and Alpert have negotiated the First Amendment to Interim Redevelopment Agreement which was annexed hereto as Exhibit “A”; and