Title
AN ORDINANCE ADOPTING THE FOURTH AMENDMENT TO "THE NEWARK LIVING DOWNTOWN PLAN" TO INCLUDE BLOCK 125, LOT 96 (FORMERLY LOTS 84-88, 91-94, 96, AND 108), COMMONLY KNOWN AS 22-34 EAST PARK STREET. (CENTRAL WARD)
PUBLIC HEARING WILL BE HELD ON THE SPECIAL MEETING OF TUESDAY, APRIL 10, 2018.
Deferred 6PSF-b 040418
body
WHEREAS, pursuant to the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq., ("LRHL") on June 15, 2005 the Municipal Council adopted Resolution 7Rdo(AS) designating the entire City of Newark as an area in need of rehabilitation; and
WHEREAS, the LRHL authorizes municipalities to adopt redevelopment plans in order to implement and establish standards for the rehabilitation of all or of any part of a rehabilitation area; and
WHEREAS, the Newark Living Downtown Redevelopment Plan was adopted by the Municipal Council on September 3, 2008 by Ordinance 6S&Fg (08-0942); and
WHEREAS, the "Newark Living Downtown Plan" was amended three times since initial passage by the Municipal Council including the First Amendment by Ordinance 6PSF-a(S) (10-0867), adopted on June 30, 2010, the Second Amendment by Ordinance 6PSF-a(S) (10-1250), adopted on September 21, 2010, and the Third Amendment by Ordinance 6PSF-c (15-1974), adopted on December 16, 2015; and
WHEREAS, it has become apparent that this plan's beneficial qualities need to be bolstered through the use of the financing and planning tools that are available through the LRHL; and
WHEREAS, Block 125, Lot 96 (formerly Lots 84-88, 91-94, 96, and 108), commonly known as 22-34 East Park Street has been declared as an Area in Need of Redevelopment by way of Resolution 7R2-l(AS) dated April 5, 2017, in accordance with the LRHL enabling this property to be eligible for enhanced financing and planning tools; and
WHEREAS, in accordance with N.J.S.A. 40A:12A-7e, the Newark Central Planning Board upon referral from the Governing Body and after a public hearing on March 13, 2017, a...
Click here for full text