149-22 Authorizing Execution of A Parking Agreement for the Property at 14 Northfield Avenue.pdf

149-22 June 14, 2022 RESOLUTION WHEREAS, West Crescent Realty, LLC (“West Crescent”) is the owner of the property located at block 17, lot 62 on the Tax Map of the Township of West Orange (the “Township”), commonly known as 14 Northfield Avenue (the “Property”); and WHEREAS, the Property has a mixed use building with commercial tenants on the first floor and vacant apartments on the second and third floors; and WHEREAS, West Crescent seeks to renovate the vacant apartment space to provide for additional units, subject to approval from the West Orange Planning Board (the “Planning Board”); and WHEREAS, the West Crescent application to the Planning Board will include an application for a parking variance; and WHEREAS, West Crescent anticipates that such an application for a parking variance will require it to demonstrate the availability of off-site parking for potential tenants to the Property; and WHEREAS, Section 7-50.3(f) of the Township’s Municipal Code provides that the Police Chief of the West Orange may issue permits for use of municipal parking yards for twenty-four (24) hour parking on an annual or semi-annual basis with automatic renewals for bona fide residents of the Township; and WHEREAS, West Crescent has negotiated a proposed parking agreement, annexed hereto as Exhibit “A” (the “Parking Agreement”) for a term of five (5) years at Municipal Lot 3 on Lindsley Avenue and Municipal Lot 4 on Valley Street and Main Street for up to twelve (12) parking spaces to West Crescent for use by prospective tenants of the Property; and