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Council to consider developer agreement for 2365 Hudson Terrace
Summary
The Borough Attorney recommended authorizing execution of the developer's agreement for 2365 Hudson Terrace after review of required documents (certificate of liability, letter of credit and guarantees); an authorizing resolution will be placed on the May 21 agenda.
Borough legal staff reported review of the developer's agreement for 2365 Hudson Terrace, LLC and the accompanying documents — including a certificate of liability, letter of credit and guarantees — and recommended the governing body authorize execution. The recommendation was recorded at the May 7 work session, with a resolution to be placed on the May 21 agenda.
Council did not execute the agreement at the work session; the matter was scheduled for formal consideration at the May 21 meeting pending any additional review.
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