August 6, 2012 – Packet - Borough of Hightstown

WHEREAS, the group home was part of the Borough’s prior round certification and the property was
previously deed restricted for affordability; however, that deed restriction is due to expire on or about December 2,
2012; and
WHEREAS, in exchange for the continuation of the thirty (30) year deed restrictions and controls on
affordability at the property, the Borough has already committed to provide the sum of One Hundred Thousand
Dollars ($100,000) to Holly House, Inc. in order to facilitate the continuation of the controls on these units; and
WHEREAS, the specific terms and conditions associated with this venture are set forth in an Agreement
between the parties; and
WHEREAS, the Borough of Hightstown wishes to provide its authorization for the Mayor to execute and
the Borough Clerk to attest the said Agreement, which shall memorialize the understanding previously reached
between the parties (i.e., prior to the Borough’s approval of the Revised Spending Plan referenced above) regarding
the project; and
WHEREAS, the said Agreement shall be in a form satisfactory to the Borough Attorney; and
WHEREAS, the Hightstown Borough Council finds and declares that the execution of the said Agreement
is in the best interests of the residents of the Borough.
NOW, THEREFORE, BE AND IT IS HEREBY RESOLVED, by the Borough Council of the Borough
of Hightstown, in the County of Mercer and the State of New Jersey, as follows:
1. That the Mayor is hereby authorized to execute and the Borough Clerk to attest the above-referenced
Agreement, which shall involve the payment of $100,000 from the Trust Fund to Holly House, Inc. in order
to facilitate the continuation of the affordability controls on these ten (10) units.
2. That a certified copy of this Resolution shall be provided to each of the following:
a. COAH;
b. Michael Theokas, Borough Administrator;
c. Tamara Lee, Borough Planner;
d. Frederick C. Raffetto, Esq., Borough Attorney;
e. Gary Rosensweig, Esq., Planning Board Attorney; and
f. Carmela Roberts, P.E., Borough Engineer.
CERTIFICATION
I hereby certify the foregoing to be a true copy of a resolution adopted by the Borough Council at a meeting held on August 6. 2012.
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Debra L. Sopronyi
Borough Clerk