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Resolution of the Mayor and Council of Princeton Designating Certain Real Property Located at 1-10 Franklin Avenue, Identified as Lots 2, 26 and 27 in Block 21.04 on the Tax Map of Princeton, As a Non-Condemnation Redevelopment Area Pursuant to the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, et seq., and Directing the Preparation of a Redevelopment Plan
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WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, et seq. (the "Redevelopment Law") authorizes a municipality to determine whether certain properties or parcels of land located within the municipality constitute an area in need of redevelopment pursuant to the criteria set forth in the Redevelopment Law; and
WHEREAS, the Mayor and Council of the Municipality of Princeton ("Princeton") identified certain properties located at 1-10 Franklin Avenue, designated as Lots 2, 26 and 27 in Block 21.04 on the Tax Map of Princeton (the "Study Area"), to be considered for designation as an "area in need of redevelopment" pursuant to the Redevelopment Law; and
WHEREAS, pursuant to N.J.S.A. 40A:12A-6 of the Redevelopment Law, by Resolution R-20-237, adopted July 27, 2020, Princeton authorized and directed the Princeton Planning Board ("Board") to undertake an investigation of the Study Area to determine if the Study Area meets the criteria set forth at N.J.S.A. 40A:12A-5 for designation as an area in need of redevelopment, and if so, to make a recommendation to the governing body as to whether all or a portion of the Study Area should be designated as a non-condemnation redevelopment area; and
WHEREAS, the Board conducted an investigation of the Study Area in accordance with the criteria and procedures set forth in N.J.S.A. 40A:12A-5 and 40A:12A-6 of the Redevelopment Law; and
WHEREAS, as part of its investigation, the Board caused the Princeton Planning Department and the Board's planning consultant, Heyer, Gruel & Associates, to prepare a map showing the boundaries of th...
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