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Committee backs sale of Carneys Point Senior Apartments after negotiations securing $8 million in repairs and COAH credits
Summary
Committee approved support for the sale of Carneys Point Senior Apartments under a PILOT that preserves COAH credits and requires $8 million in repairs and ADA upgrades before closing; Mayor Brown and Mr. Pelura said the deal improves conditions for residents.
The Carneys Point Township Committee voted to support the sale of the Carneys Point Senior Apartments after negotiating terms that include a pre-purchase commitment to spend $8 million on repairs, ADA upgrades, sidewalks and parking improvements and measures to retain COAH credits tied to the property.
Mr. Pelura described the negotiated terms and said they "agreed to put 8 million dollars into doing the repairs prior to the purchase." Mayor Brown said the owner is Vitus and explained distribution under the PILOT: "5% goes to the County, the school gets none and the Township gets the rest." Committee members said a forensic report identified repair needs and that the new owner committed to completing the work to improve residents' quality of life.
During public participation Howard Cagle thanked the Committee for pursuing repairs, noting his mother-in-law lives at the development. The Committee recorded the vote as unanimous. The Committee and staff will follow up on implementation details and timelines for the repairs and ADA upgrades as specified in the agreement.
