SAYREVILLE – The Sayreville Borough Council has taken action to assist in the development of properties intended to help the borough meet its affordable housing obligations.
On Oct. 9, the council passed four separate resolutions that authorized the execution of the addendum to the settlement agreement between Sayreville and K-Land Corp. (Kaplan Properties); authorized Borough Attorney Michael DuPont to prepare the deed of transfer and execution of the deed between Sayreville and National Lead Industries pursuant to the settlement agreement between the borough and National Lead; endorsed the amended fair share housing plan adopted by the Sayreville Planning Board; and authorized the execution of a developer fee assessment and allocation agreement between Sayreville, Sayreville Seaport Associates Urban Renewal, L.P. and the Sayreville Economic and Redevelopment Agency (SERA).
Kaplan Companies are developing Camelot I and Camelot II, and National Lead is developing Cross Avenue, both of which are intended to assist the borough in meeting its affordable housing obligations through having affordable housing units in the developments. Kaplan Companies and National Lead were granted intervener status in Sayreville’s litigation over its affordable housing requirement.
Camelot I, Camelot II and Cross Avenue are inclusionary developments: market-rate housing developments that designate 15 percent of their units as affordable housing. These developments have been a source of concern for residents because they will create additional market rate units apart from the required affordable units, according to officials. Residents have spoken about the potential impacts the additional residential units might create, such as the potential impact on the school district, traffic, taxes, open space, population density and safety.
According to DuPont, who read each resolution aloud, the addendum to the settlement agreement between Sayreville and Kaplan Properties revises the settlement agreement to facilitate the purchase of Camelot II’s property. The deed of transfer and execution of the deed between Sayreville and National Lead transfers a borough-owned property that borders Cross Avenue’s property to National Lead.
The amended fair share housing plan adopted by the Planning Board incorporates the settlement agreements used as part of Sayreville’s efforts to meet its affordable housing obligations into the plan, according to DuPont. The agreement between Sayreville, Sayreville Seaport Associates Urban Renewal, L.P. and SERA resolves a dispute regarding utilization of trust fund dollars generated from development fees from the upcoming Riverton development, which is planned to have affordable units.
Sayreville’s requirement is 785 affordable units.
Camelot I will have 168 units, with a minimum of 10 units designated as affordable housing; Camelot II will have 150 units, with a minimum of eight units designated as affordable housing; and Cross Avenue will have 132 units, with a minimum of seven units designated as affordable housing. Through the settlement agreements, each development’s number of market-rate units were reduced, which received praise from members of the public.