Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Investigation for Area in Need of Redevelopment
Purpose: Authorizing the Central Planning Board to undertake a preliminary investigation to determine if 422 Broad Street, 450-466 Broad Street (Rear), 5-55 Division Street and 22-48 Bridge Street is a Non-Condemnation Redevelopment Area as defined under the Local Redevelopment and Housing Law pursuant to N.J.S.A. 40A:12A-1 et seq.
List of Property:
(Address/Block/Lot/Ward)
422 Broad Street/Block 9/Lots 6 and 9, B27/1 and 3/Central Ward
450-466 Broad Street (Rear)/Block 26/Lot 1/Central Ward
5-55 Division Street/Block 26/Lot 15.01/Central Ward
22-48 Bridge Street/Block 26/Lot 15.02/Central Ward
Additional Information:
body
WHEREAS, the Department of Economic and Housing Development has requested that the properties identified on the Official Tax Map of the City of Newark, known as 422 Broad Street, 450-466 Broad Street (Rear), 5-55 Division Street and 22-48 Bridge Street (Block 9, Lots 6 and 9, B27/1 and 3; Block 26, Lot 1; Block 26, Lot 15.01 and Block 26, Lot 15.02) (the "Study Area") in the Central Ward, be investigated by the Central Planning Board to determine if the Study Area is an "area in need of redevelopment" under the Local Redevelopment and Housing Law (the "LRHL"), under N.J.S.A. 40A:12A-1 et seq.; and
WHEREAS, the LRHL authorizes the Governing Body, by resolution, to authorize the Central Planning Board to undertake a preliminary investigation (the "Investigation") to determine whether an area (or any portion thereof) is an "area in need of redevelopment" according to the criteria set forth in N.J.S.A. 40A:12A-5 of the LRHL; and
WHEREAS, pursuant to N.J.S.A. 40A:12A-6, "the resolution authorizing the Central Planning Board to undertake a preliminary investigation shall state whether the redevelopment area det...
Click here for full text