title
Resolution of the Mayor and Council of Princeton Approving a Second Amendment to the Ground Lease By and Between Princeton and Nassau HKT Urban Renewal Associates, LLC for the Park / Plaza Redevelopment Area Pertaining to Outdoor Dining on Hinds Plaza
end
body
WHEREAS, by Resolution 2003-R54, the Mayor and Council of the former Borough of Princeton (now Princeton) approved the execution of a Redevelopment Agreement ("Agreement") between the former Borough of Princeton and Nassau HKT Urban Renewal Associates, LLC ("NHKT") for the Park/Plaza Redevelopment area in Princeton; and
WHEREAS, said Agreement was executed by the parties on August 13, 2003; and
WHEREAS, the Redevelopment Agreement included a ground lease (the 2003 "Ground Lease") pursuant to which NHKT leased certain lands as particularly described in the Ground Lease for the purpose of constructing a 5-story building more particularly described as Building A in the Ground Lease and Redevelopment Agreement containing among other things 6,000 square feet of retail space, which is now occupied by the restaurants now known as the Witherspoon Grill (57 Witherspoon Street) and Kristine's (51 Witherspoon Street), both of which are operated by DWM Holdings, Inc. ("DWM"); and
WHEREAS, by Resolution 2006-R199, the Mayor and Council approved an agreement amending Article 1 of the 2003 Ground Lease to add a new section 1.03 thereto, which allowed DWM to use a ?1100 square-foot portion of Hinds Plaza abutting Witherspoon Grill for outdoor seating for said restaurant; and
WHEREAS, by Ordinance #2019-30 adopted on August 5, 2019, the Mayor and Council of Princeton separately authorized a license agreement with DWM to enable DWM to use a portion of Hinds Plaza abutting Kristine's for outdoor seating for said restaurant; and
WHEREAS, Princeton and NHKT now wish to further amend the 2003 Ground Lease to continue to allow the continued use of a portion of Hinds Plaza for outdoor seat...
Click here for full text