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RESOLUTION AUTHORIZING A GRANT AWARD TO THE RACEWAY REDEVELOPMENT CORPORATION FROM THE OPEN SPACE, FARMLAND AND HISTORIC PRESERVATION TRUST FUND, FOR CALENDAR YEAR 2026, PURSUANT TO N.J.S.A. 40:20-1
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WHEREAS, the County of Passaic (“County”) is a body politic and corporate pursuant to N.J.S.A. 40:18-1 and vested with all rights contained therein; and
WHEREAS, pursuant to N.J.S.A. 40:20-1, the Board of County Commissioners of the County of Passaic (“Board”) is vested with managing the property, finances, and affairs of the County; and
WHEREAS, on April 25, 2017, the Board passed Resolution No. R20170349, adopting a uniform body of rules and regulations governing the Open Space, Farmland, and Historic Preservation Trust Fund; and
WHEREAS, on November 23, 2021, the Board passed Resolution No. R20211115, amending the uniform body of rules and regulations governing the Open Space, Farmland, and Historic Preservation Trust Fund; and
WHEREAS, on October 28, 2025, the Board passed Resolution No. R-25-1012, establishing the Raceway Redevelopment Corporation, Inc. (“RRC”), a non-profit corporation designated to design and rehabilitate the Raceway System, located in the City of Paterson within the boundaries of the Paterson Great Falls National Historical Park; and
WHEREAS, on February 10, 2026, the Board passed Resolution No. R-26-0095, approving the 2026 Open Space, Farmland, and Historic Preservation Trust Fund Budget, which included a grant allocation to the RRC; and
WHEREAS, the purpose of the grant allocation is to support the rehabilitation of the Raceway System; and
WHEREAS, funds are available in Account No. O-26-56-661-001-603, or any other account that may be deemed appropriate by the Chief Financial Officer or his designee, and the availability of funds has been contingently certified by the Chief Financial Officer subject to sufficient funds being appropriated by the Board in the 2026 and/or subsequent County budget(s), which is attached hereto and made part of this Resolution; and
WHEREAS, this matter was discussed at the July 1, 2026 Administration and Finance Committee meeting, and is being recommended to the Board for approval.
NOW, THEREFORE, LET IT BE RESOLVED, pursuant to N.J.S.A. 40:20-1, the Board of County Commissioners of the County of Passaic authorizes a grant award to the Raceway Redevelopment Corporation, Inc. for calendar year 2026, in an amount not to exceed one hundred ninety thousand dollars ($190,000.00) from the Open Space, Farmland, and Historic Preservation Trust Fund.
LET IT BE FURTHER RESOLVED, that the Clerk of the Board, Chief Financial Officer, County Counsel, County Administrator, Open Space Coordinator, and Director of the Board are authorized to take any action necessary to carry out the purpose of this Resolution.
NB July 14, 2026