Title
Dept/ Agency: Economic and Housing Development
Action: ( X ) Ratifying (X) Authorizing (X) Amending
Type of Service: Resolution Endorsing
Purpose: Resolution to Approve an Agreement for the Release of the Redevelopment Rights with Respect to Certain Property on Boyd Street, by Boraie Development, LLC
Additional Information:
285 Springfield Avenue/Block 2518/Lot 1/Central Ward
283 Springfield Avenue/Block 2518/Lot 2/Central Ward
281 Springfield Avenue/Block 2518/Lot 3/Central Ward
279 Springfield Avenue/Block 2518/Lot 4/Central Ward
277 Springfield Avenue/Block 2518/Lot 5/Central Ward
275 Springfield Avenue/Block 2518/Lot 6/Central Ward
269-273 Springfield Avenue/Block 2518/Lot 7/Central Ward
11-13 Boyd Street/Block 2518/Lot 11/Central Ward
5 Sayre Street/Block 2518/Lot 43/Central Ward
7-9 Boyd Street/Block 2518/Lot 61/Central Ward
14 Boyd Street/Block 2519/Lot 47/Central Ward
12 Boyd Street/Block 2519/Lot 48/Central Ward
8-10 Boyd Street/Block 2519/Lots 49, 50/Central Ward
6 Boyd Street/Block 2519/Lot 51/Central Ward
265-267 Springfield Avenue/Block 2519/Lots 52, 53/Central Ward
261-2611/2 Springfield Avenue/Block 2519/Lot 56/Central Ward
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WHEREAS, the City, acting through its Municipal Council (the "Council") pursuant to and in accordance with the requirements of Local Redevelopment and Housing Law, N.J.S.A 40A:12A-1 et seq. (the "LRHL"), designated an area in need of redevelopment known as the Central Ward Redevelopment Area, later amended to be identified as the Living Downtown Plan Area (the "Redevelopment Area"); and
WHEREAS, the Redevelopment Area includes certain land within the portion of the Redevelopment Area identified on the tax map as 285 Springfield Avenue, 283 Springfield Avenue, 281 Springfield Avenue, 279 Springfield Avenue, 277 Springfield Avenue, 275 Springfield Avenue, 269-273 Springfield Avenue, 11-13 Boyd Street, 5 Sayre Street, 7-9 Boyd Street, 14 Boyd Street...
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