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Resolution of the Mayor and Council of the Municipality of Princeton Authorizing the Execution of a Letter of Intent with McCarter Theatre Company, a New Jersey Nonprofit Corporation, for the Sale and Purchase of a Portion of the Property Located at 101 Walnut Street, Princeton and designated as Block 31.01, Lot 105 on the Municipal Tax Maps
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WHEREAS, the Municipality of Princeton (the "Municipality") is the owner of the former Westminster Choir College campus and the improvements thereon, located at 101 Walnut Lane, Princeton, New Jersey, and designated on the municipal tax maps as Block 31.01, Lot 105 (the "Campus"); and
WHEREAS, the McCarter Theatre Company, a New Jersey nonprofit corporation that is recognized by the Internal Revenue Service as a 501(c)(3) organization ("McCarter"), desires to acquire a portion of the Campus (the "Property"); and
WHEREAS, McCarter intends to use the Property to expand its community arts education programs, artistic programs and performances, gatherings and events, in order to invite Princeton community members of all backgrounds to participate in arts learning and performance; as well as to support and provide temporary short-term lodging to guest artists and arts professionals associated with the company's mission-driven work (the "Project"); and
WHEREAS, the Project is proposed to include the following on the Property: (a) the adaptive reuse of the Bristol Chapel with: a rehearsal space, arts education (including classrooms, a seminar room, lecture hall and practice room), administrative offices and a work area, production education and building support (all of which may be used to host community events for a fee); (b) the adaptive reuse of the Playhouse with a performance space, production support and building support (all of which may be used to host community events for a fee); and (c) adaptive reuse and new construction at the site of the Cottage building f...
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