--- In AsburyPark@yahoogroups.com, "dfsavgny" <[EMAIL PROTECTED]> wrote:
> That is what the City agreed to, not what the Court dictated. See,
the
> Court allowed the City to determine what the land use should be.
>
Of course the court did not dictate the land use, but the City used
the cover of the Bankruptcy court to illegally and out of the public
eye modify it's land use plan. Nobody caught it or challanged it in
the excitement of getting away from Carabetta.
Werner
FROM THE MOU:
Whereas, Carabetta, the developer and SASS came to an agreement which
is subject to approval by the United States Bankruptcy Court on
August 14, 2001, by which terms Carabetta shall transfer its
redevelopment rights to Smoked Fish Holdings, L.L.C., an affiliated
entity of the developer (the "Contract"), subject to execution of a
Memorandum of Understanding agreeable in form and substance to the
City on or before August 14, 2001 and Sass' purchase of the tax
liens, a copy of which Contract is attached hereto;
...
...
Further, once this MOU is executed and approved by Judge Shiff it
shall incoporate by reference all terms and conditions set forth in
the agreement and the Modification unless such terms and conditions
are modified herein.
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