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WHEREAS, by Resolution No. 2017-239 dated June 14, 207, the Township
directed the Planning Board of the Township of Cranford (Planning Board) to
authorize preparation of a Redevelopment Plan; and
WHEREAS, by Resolution No. 2017-182 dated April 18, 2017, the Township
authorized the issuance of a Request for Proposal (RFP) to solicit proposals for
purchase and redevelopment of the Property; and
WHEREAS, on June 19, 2017 and in accordance with the RFP, the Township
received a proposal in response to the RFP from Birchwood Developers Associates,
LLC.
1. Completion of the Redevelopment Plan by the Planning Board and adoption of the
Redevelopment Plan by the Township pursuant to N.J.S.A. 40A:12A-7;
2. Execution of a Purchase and Sale Agreement between the Township and Designated
Developer, which agreement shall have substantially the same terms set forth in the
Designated Developers proposal, as revised or amended as agreed by the parties;
5. With the above items being completed and approved by the Township Committee
within 120 days of the date of this Resolution, which timeframe may be extended by
the mutual consent of the Township and the Designated Developer, which consent
shall not be unreasonably withheld.
Certified to be a true copy of a resolution adopted by the Township Committee of the Township
of Cranford at a meeting held July 18, 2017.
Dated:__________________