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Resolution of the City of Jersey City, NJ

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Resolution of the City of Jersey City, NJ Resolution of the City of Jersey City, NJ. City Clerk File No. Res. 17-790 Agenda No. 10.A Approved:. OCT 1 1 2017 TITLE: RESOLUTION REQUESTING THE APPROVAL OF THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES TO ESTABLISH A DEDICATED TRUST BY RTOER FOR THE DEPARTMENT OF RECREATION TO ACCEPT DONATIONS TO SUPPORT VARIOUS RECREATION PROGRAMS AND EVENTS COUNCIL offered and moved adoption of the following resolution: WHEREAS, permission is required of the Director of the Division of Local Government Services for approval as a dedication by rider of revenues received by a municipality when the revenue is not subject to reasonably accurate estimates in advance; and WHEREAS, the City of Jersey City, Department of Recreation expects to receive donations from various sources with the condition that the donations be used to help fund certain programs and events sponsored by the Department of Recreation; and, WHEREAS, pursuant to N.J.S.A. 40A:5-29, the City can accept gifts to fund certain programs and events sponsored by the Department of Recreation; and, WHEREAS, N.J.S.A. 40A:4-39 provides that the Director of the Division of Local Government Services may approve expenditures of monies by dedication.-by rider. NOW, THEREFORE, BE IT RESOLVED, by the Municipal Council of the City of Jersey City that: 1. The City hereby requests the permission of the Director of the Division of Local Government Services to pay expenditures with donations made to the Department of Recreation for certain programs and events pursuant to NJ.S.A. 4A:4-39. 2. The Municipal Clerk of the City of Jersey City if hereby directed to forward two certified copies of this resolution to the Director of the Division of Local Government Services. APPROVED: APPROVED AS TO L^GAL FORM APPROVED: Corporation Counsel CertificElgon Required D Not Required n APPROVED ^-(^ RECORD OF COUNCIL VOTE ON FINAL PASSAGE 10.11.17 COUNCILPERSON | AYE. | NAY | N.V. 11 COUNCILPERSON | AYE J NAY | N,V, || COUNCILPERSON I AYE I NAY I N.V. GAJEWSK! z YUN ^ RIVERA R^NTY GADSDEN z OSBORNE z WATTERMAN z BOGGIANO 7 ROBINSON 7 LAVARRO.PRES | / ^ indicates Vote N.V.-Not Voting (Abstain) Adopted at^qie^tl^g of the Municipal Council of the CJty\i\Jersey Qty N. Rblando R. Lavarro, Jr,, President of Council RESOLUTION FACT SHEET - NON-CONTRACTJJAL This summary sheet is to be attached to the front of any resolution that is submitted for Council consideration. Incomplete or vague fact sheets will be returned with the resolution. Full Title of Ordinance/ResoIution RESOLUTION REQUESTING THE APPROVAL OF THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES TO ESTABLISH A DEDICATED TRUST BY RTOER FOR THE DEPARTMENT OF RECREATION TO ACCEPT DONATIONS TO SUPPORT VARIOUS RECREATION PROGRAMS AND EVENTS Inifiator Department/Division Administration Management & Budget Name/Title Donna Mauer Chief Fmancial Officer Phone/emaU 201-547-5042 [email protected] Note; Initiator must be available by phone during agenda meeting (Wednesday prior to council meetmg @ 4:00 p.m.) Resolution Purpose If approved, this will allow the Department of Recreation to accept donations to support various programs and events sponsored by their Department. 'T?^"CTr~:/lie ta Signature of Department Director Date / "i City Clerk Fife No. 10.B Agenda No. Approved: OCT 1 1 2017 TITLE: RESOLUTION AUTHORIZING THE BUSINESS ADMINISTRATOR TO EXECUTE A DISCHARGE OF THE BLANKET MORTGAGE FOR 63-65 FLEET STREET DEVELOPMENT, LLC (FSD) AND SUBSTITUTE AN INDIVIDUAL MORTGAGE AND NOTE FOR CERTAIN AFFORDABLE HOUSING UNITS AFFECTING PROPERTY KNOWN AS 63-65 FLEET STREET TO BE HELD IN ESCROW UNTIL CLOSING COUNCIL offered and moved adoption of the following resolution: WHEREAS, the properties located at 63-65 Fleet Street were acquired to allow 65 Fleet Street Development, LLC CFSD) to construct thirteen [13) single family affordable condominium units of which six [6) units will be subject to HOME restrictions; and WHEREAS, FSD's obligations under the HOME Agreement are secured by the Blanket Mortgage, dated December 17, 2013, between the developer, FTD, and the City {the "Blanket Mortgage") that provides the City with a mortgage lien on the Property; and WHEREAS, on December 23, 2013 the City's Blanket Mortgage was recorded with the Hudson County Register's Office in Book 18290, Page 467; and WHEREAS, the Blanket Mortgage to the City is to secure FSD's obligation to construct and maintain the thirteen (13) units as low/moderate affordable income housing for a minimum period of twenty (20) years; and WHEREAS, the City has agreed to release each unit from the Blanket Mortgage, provided that each individual property owner executes an Affordable Housing Agreement, Deed Restriction and/or New Construction Mortgage and Note, in favor of the City and these documents are recorded with the Hudson County Register's Office and are substituted as a lien affecting the individual units; and WHEREAS, FSD has advised that the last affordable unit has sold in February of 2017 and requests a discharge from the City's blanket mortgage; and WHEREAS, the individual HOME documents, Mortgage and Note shall maintain the affordability controls on each of the units. NOW THEREFORE, BE IT RESOLVED, by the Municipal Council of the City of Jersey City that: 1, The Mayor or Business Administrator is hereby authorized to execute a Mortgage Discharge for Fleet Street Development, LLC, from the City's Blanket Mortgage dated December 17, 2013 in the amount of $1,008,000. Continuation of Resolution Pg.# Res.17-791 City Clerk File No. OCT 11 2017 Agenda No. 10.B TITLE: RESOLUTION AUTHORIZING THE BUSINESS ADMINISTRATOR TO EXECUTE A DISCHARGE OF THE BLANKET MORTGAGE FOR 63-65 FLEET STREET DEVELOPMENT, LLC (PSD) AND SUBSTITUTE AN INDIVIDUAL MORTGAGE AND NOTE FOR CERTAIN AFFORDABLE HOUSING UNITS AFFECTING PROPERTY KNOWN AS 63-65 FLEET STREET TO BE HELD IN ESCROW UNTIL CLOSING 2. Subject to such modifications as deemed necessary or appropriate by the Business Administrator or Corporation Counsel, the Mayor or Business Administrator is hereby authorized to execute any other documents appropriate or necessary to effectuate the purposes of the within resolution. JML/he 09/25/17 APPROVED: ^L APPROV3D AS TO LEGAL &0RM APPROVED: BuSjness Administrator ;orp oration Counsel Certificatiort^ equir^U D Not Required APPROVED 1: D_ RECORD OF COUNCIL VOTE ON FINAL PASSAGE 10.11.17 COUNCILPERSON AYE. NAY N,V, COUNC!LPERSON AYE NAY N.V. COUNCILPERSON AYE NAY N.V, GAJEWSKI z YUN z RIVERA J& &5 GADSDEN OSBORNE WATTERMAN z ^ _^_ BOGGIANO T ROBINSON T. LAVARRO, PRES z; / Indicates Vote N.V.-Not Voting (Abstain) Adopted at a me^mg of the Municipal Council of the City^Jersey Q|ty 1^. ' Rdfando R. Lavarro, Jr., President of Council RESOLUTION FACT SHEET - NON-CONTRACTUAL This summary sheet is to be attached to the front of any resolution that is submitted for CouncU consideration. Incomplete or vague fact sheets will be returned with the resolution. Full Title of Ordinance/Resolution RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF JERSEY CITY AUTHORIZING THE BUSINESS ADMDNISTRATOR TO EXECUTE A DISCHARGE OF THE BLANKET MORTGAGE FOR 63-65 FLEET STREET DEVELOPMENT, LLC (FSD) AND SUBSTITUTE AN INDIVIDUAL MORTGAGE AND NOTE FOR CERTAIN AFFORDABLE HOUSING UNITS AFFECTING PROPERl'Y KNOWN AS 63-65 FLEET STREET TO BE HELD IN ESCROW UNTIL CLOSING Initiator Department/Division HEDC Community Development Name/Tifle Rodney Hairston Real Estate Officer Phone/email 201-547-4793 [email protected] Note: Initiator must be available by phone during agenda meeting (Wednesday prior to council meeting @ 4:00 p.m.) Resolution Purpose Discharge of Blanket Mortgage on 63-65 Fleet Street. Secure mdividual units with a Mortgage and Note. I certify that all the facts presented herein are accurate, Signature of Department Director Date City Clerk File No. Agenda No. Approved:, TITLE: RESOLUTION AUTHORIZING THE BUSINESS ADMINISTRATOR TO EXECUTE A DISCHARGE OF MORTGAGE AFFECTING 80 PEARSALL AVENUE, A/K/A BLOCK 29403, LOT 32, F/K/A BLOCK 1422, LOT 21.DUP COUNCIL offered and moved adoption of the following resolution; WHEREAS, on August 27, 2007, Michael Szymanski (Borrower) executed a Note and Mortgage in favor of the City of Jersey City (City) to secure the City's loan to him. in the amount of $24,900.00 made under the Home Owner Rehabilitation Program (HORP); and WHEREAS, on September 10, 2007, the City's mortgage was recorded in Book 16247 at Page 00269 of the Register of Deeds for Hudson County; and WHEREAS, the City's mortgage self-amortizes over ten (10) years provided the homeowner resides in the property and does not sell the property; and WHEREAS, the City's mortgage affects property known as 80 PearsaU. Avenue, Jersey City, also known as Block 29403, Lot 32, ?/a Block 1422, Lot 21.dup; and "WHEREAS, ten (10) years have passed since the loan was made and the City is obligated to execute a Discharge of Mortgage to remove the mortgage from the public record. NOW, THEREFORE, BE IT RESOLVED, that the Business Admmistrator is authorized to execute a Discharge of Mortgage m the sum of $24,900.00 affecting 80 Pearsall Avenue, Jersey City, also known as Block 29403, Lot 32, f/k/a Block 1422, Lot 21 .dup. JML/he 09/25/17 APPROVED: APPROVED AS TO<EGAL FORM APPROVED: B usifies^. Ad m i nistrator Corporation Counsel Cert!fi6^ifion required D Not Required D APPROVED ^-Q RECORD OF COUNCIL VOTE ON FINAL PASSAGE 10.11.17 COUNCILPERSON AYE, NAY N.V. COUNCiLPERSON AYE NAY N.V. COUNCILPERSON AYE NAY N.V. GAJEWSKf YUN RIVERA s GADSDEN z OSBORNE z WATTERMAN ^ X ~L.
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