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VERNON TOWNSHIP
RESOLUTION #R08-103

DESIGNATING MOUNTAIN CREEK RESORTS, INC. AS REDEVLOPER FOR THE MOUNTAIN CREEK REDEVELOPMENT AREA

WHEREAS, on June 12, 2006 the Township Council of the Township of Vernon adopted resolution Number R06-105 and subsequently adopted Resolution Number R06-151 establishing and clarifying the Mountain Creek area in need of redevelopment encompassing a portion of the Mountain Creek resort properties located along State Route 94, part of a comprehensive economic development plan as reviewed by the Township Council on March 26, 2006 and pursuant to the Mountain Creek Redevelopment Plan Ordinance Number 06-35 adopted by the Township Council on October 23, 2006 so as to meet the public purpose of creating a Mountain Resort zoning district and to encourage employment and economic growth in the Township of Vernon, and

WHEREAS, the owner of the property lying in the Redevelopment Area, Mountain Creek Resorts Inc, desires to redevelop the Redevelopment Area consistent with the aforesaid Redevelopment Plan.

NOW, THEREFORE, BE IT RESOLVED by the Council of the Township of Vernon, Sussex County, New Jersey, pursuant to the provisions of N.J.S.A. 40A:12A-1 et seq., that Mountain Creek Resorts Inc, or a successor corporation, including a renewal company organized for the purposes of carrying out the Redevelopment Project, is hereby designated as the Redeveloper of the Mountain Creek Redevelopment Project,

BE IT FURTHER RESOLVED, that pursuant to N.J.S.A. 40A:12A-8, that the Mayor is hereby authorized to execute on behalf of the Township of Vernon a Redevelopment Agreement between the Township of Vernon and the herein designated redeveloper, Mountain Creek Resorts Inc, or a successor corporation, a copy of said agreement shall be placed on file in the office of the Township Clerk upon execution thereof.

CERTIFICATION

I hereby certify that the above resolution is a true copy of the resolution adopted by the Vernon Township Council at their regular meeting held on Thursday May 8, 2008 at 7:00 p.m. in the Vernon Municipal Center, 21 Church Street, Vernon, N.J. 07462.

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Dennis G. Murray
Acting Municipal Clerk