Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Declaring an Area in Need of Redevelopment
Purpose: Designating area in need of redevelopment
List of Property:
(Address/Block/Lot/Ward)
Additional Information:
422 Broad Street/Block 9/Lot 6/Central
450-466 Broad Street (Rear)/Block 26/Lot 1/Central
5-55 Division Street/Block 26/Lot 15.01/Central
22-48 Bridge Street/Block 26/Lot 15.02/Central
body
WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq., (the "Redevelopment Law"), authorizes municipalities to determine whether certain parcels of land located therein constitute areas in need of redevelopment; and
WHEREAS, on September 19, 2018, the Municipal Council of the City of Newark (the "Municipal Council") adopted Resolution 7R2-f(AS) authorizing and directing the Newark Central Planning Board (the "Planning Board") to conduct a preliminary investigation to determine whether certain properties, identified as: 422 Broad Street, 450-466 Broad Street (Rear), 5-55 Division Street, and 22-48 Bridge Street (the "Study Area"), meet the criteria set forth in the Redevelopment Law and should be designated as a Non-Condemnation Redevelopment Area, as defined by the Redevelopment Law; and
WHEREAS, the Planning Board conducted a preliminary investigation of the Study Area to determine if it should be designated as a Non-Condemnation Area in Need of Redevelopment in accordance with the criteria and procedures set forth in N.J.S.A. 40A:12A-5 and 40A:12A-6; and
WHEREAS, a public hearing was conducted by the Planning Board on October 29, 2018, with notice having properly pursuant N.J.S.A. 40A:12A-6(b)(3); and
WHEREAS, after completing its investigation and public hearing on this matter, the Planning Board concluded that there was sufficient credible evidence to support findings that the properties in the Study Area satisfy criteria "c" f...
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