Conference/Public Meeting Agendas/Documents — Packet

127-12 June 26, 2012 RESOLUTION WHEREAS , the Township of West Orange operates a Municipal Parking Lot on Mississippi Avenue, Block 142, Lot 32 on the Assessment Maps of the Township; and WHEREAS, Block 142, Lot 32 is owned by New Jersey Transit (NJ Transit); and WHEREAS, the Township of West Orange has leased a portion of Block 142, Lot 32 for a Municipal Parking Lot for over 50 years from NJ Transit and its predecessors Transport of New Jersey and Public Service Coordinated Transport; and WHEREAS, NJ Transit is requesting the renewal of a License Agreement for a five year period commencing August 1, 2012 between the Township and NJ Transit for the use of a portion of Block 142, Lot 32 for a Municipal Parking Lot; and WHEREAS, the initial annual rental fee will increase from $2,070.00 to $2,121.75 with a 2.5 percent annual increase thereafter; and WHEREAS, the Township Engineer reviewed the License Agreement and he advised the Township Council the terms upon which the Township shall maintain and operate the parking lot are acceptable; and WHEREAS, the Township Council desires to continue to operate and maintain this parking lot facility which is vital to the businesses in the Lourdes/Eagle Rock Area. NOW THEREFORE BE IT RESOLVED by the Township Council of the Township of West Orange that it approves the License Agreement between NJ Transit and the Township for a five year period beginning August 1, 2012 at an initial annual rate of $2,121.75 and to increase at 2.5 percent for each year of the License Agreement for the Mississippi Avenue Parking Lot, Block 142, Lot 32 (portion) and that the Mayor is authorized to execute the attached License Agreement and the Clerk attest his signature. KAREN J. CARNEVALE, MUNICIPAL CLERK PATRICIA SPANGO, COUNCIL PRESIDENT I herby certify funds are available from: New Jersey Transit, Harrison Avenue Account No. 01-2010-00-7302-070 John O. Gross, Chief Financial Officer