92-26 Authorizing Execution of First Amendment to Redevelopment Agmt.-18 Central Ave_.pdf

NOW THEREFORE BE IT RESOLVED that the governing body hereby authorizes the Mayor to execute the proposed first amendment to the Redevelopment Agreement By and Between the Township of West Orange and 18 Central Avenue Urban Renewal LLC, substantially in the form of the agreement attached hereto, granting a license to the Redeveloper to commence preliminary work, including but not limited to clearing, grading, excavation, construction of stormwater management facilities, pouring of foundations and related work, is hereby approved, subject to the conditions set forth in an agreement substantially similar to the agreement attached hereto, subject to the Township’s Attorney’s approval., BE IT FURTHER RESOLVED, that by this First Amendment, the Parties agree that the Redeveloper may choose to take title to the Subject Properties prior to the Remediation Completion Date, in accordance with the terms of the First Amendment. BE IT FURTHER RESOLVED, that the Mayor and Township Clerk are hereby authorized to execute said Amendment of the Redeveloper’s Agreement, in a form substantially as the amendment attached hereto. BE IT FURTHER RESOLVED, that this Resolution shall be published in accordance with law. Karen J. Carnevale, R.M.C., Municipal Clerk Susan Scarpa, Council President Adopted: March 3, 2026