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2020 Updates

December 2020

  • Working through the Financial Agreements (pilots) for the warehouse and residential units.
  • Working on the Redevelopment Agreement-Agreement that encompasses everything and includes PSA, construction contingencies, financial agreements, project oversight etc.
  • Working on  Municipal Facility Agreement- Agreement that encompasses Boro hall construction plans, Guaranteed Max Price, Insurance, right to terminate, punch list etc.
  • Remediation is ongoing. Looking to finish up and waiting for information from insurance company.
  • Next land Use Board Meetings are December 14th and December 16th at 7:30 PM.

November 2020 

October 2020

July-August-September 2020

  • Working on updated plan & drawings with Z Plus.
  • Detailed budget is being reviewed and will incorporate into GMP (Guaranteed Maximum Price).
  • Continued work on Redevelopment Agreement and Financial Agreements and PILOT with experts.
  • Public bids awarded for remediation. Ambient started  mid September and is awaiting sample results before capping the project.
  • Application scheduled for the October 21 LUB meeting – October 21, 2020 Agenda.
  • Retained Real Estate attorney Sean R. McGowan, Esq. Bertone/Piccini to co-counsel and review Municipal Facility Agreement.
  • Still awaiting grant info from NJDEP.

April-May-June 2020

  • Hampshire is proposing a new deal, numbers aren’t working, and it is amplified by Covid19. Residential and self-storage numbers are down.
  • Hampshire proposed 12 extra units and keep warehouse initially with possibility to change to self-storage in the future.
  • Borough agreed to 10 extra units and warehouse provided no last mile distribution center and no tractor trailers.
  • Fair Share Housing wanted amendment to ‘COAH’ units to include more very low family.
  • LUB approves new Redevelopment plan.
  • Borough approved & signed amended PSA.
  • Confirmed that we cannot carve out senior housing because of Fed Housing Law.

January-February-March 2020

  • Working on Metes and Bounds Agreement.
  • Purchased PLL policy.
  • ZPlus working on drawings for Municipal facility.