Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Designating an area in need of redevelopment
Purpose: Designating an area in need of redevelopment.
List of Property:
(Address/Block/Lot/Ward)
450-466 Market Street/Block 175/Lot 1/East Ward
31-39 Jefferson Street/Block 175/Lot 80/East Ward
Additional Information:
Resolution 7R2-k, adopted on January 24, 2024, authorized and directed the Central Planning Board to conduct a preliminary investigation.
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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 January 24, 2024, the Newark Municipal Council adopted Resolution 7R2-k authorizing and directing the Newark Central Planning Board (the "Central Planning Board") to conduct a preliminary investigation to determine whether certain properties, identified on the Official Tax Map of the City of Newark as 450-466 Market Street and 31-39 Jefferson Street (Block 175, Lots 1 and 80) or any portion thereof (referred to as the "Study Area"), is considered an "area in need of redevelopment" according to the criteria set forth in N.J.S.A. 40A:12-5 of the Redevelopment Law and should be designated as a Non-Condemnation Redevelopment Area, as defined by the Redevelopment Law; and
WHEREAS, the Central Planning Board conducted a preliminary investigation of the Study Area to determine whether the Study Area should be designated as an Area in Need of Redevelopment and 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 virtual public hearing was conducted by the Central Planning Board on March 11, 2024, with ...
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