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Resolution of the Mayor and Council of Princeton Designating an Area of the Municipality, as More Particularly Described Herein, as "An Area In Need of Redevelopment" Pursuant to the Local Redevelopment and Housing Law
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WHEREAS, on November 24, 2025, the Mayor and Council adopted Resolution No. 25-389, requesting and authorizing the Planning Board to undertake a preliminary investigation to determine whether the properties located at 27 Franklin Avenue, Princeton and 101 Walnut Lane, Princeton, and designated on the Official Tax Map of the Municipality of Princeton as Block 7301, Lot 1 and Block 31.01, Lot 105, respectively (collectively, the "Study Area") to determine if such properties qualify as a "non-condemnation" area in need of redevelopment pursuant to the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, et seq. (the "Redevelopment Law"); and
WHEREAS, the Planning Board retained the services of Topology NJ, LLC, a professional planning firm ("Topology") to assist in conducting the necessary investigations and analysis to determine whether the Study Area does or does not qualify as an area in need of redevelopment under the criteria set forth in the Redevelopment Law; and
WHEREAS, Topology conducted such investigations and prepared a report of its investigations entitled "Municipality of Princeton, Preliminary Investigation Report, Non-Condemnation Area in Need of Redevelopment, Block 31.01, Lot 105 and Block 7301, Lot 1" (the "Redevelopment Investigation Report"); and
WHEREAS, the Redevelopment Investigation Report concludes that the Study Area exhibits conditions which conform with various redevelopment criterion under Section 5 of the Redevelopment Law, N.J.S.A. 40A:12A-5, as more specifically set forth in the Redevelopment Investigation Report; and
WHEREAS, on April 16, 2026, the Planning Board conducted a duly-noticed public hearing, pursuant to N.J.S.A. 40A:12A-6, at which time it heard a presentation of the Redevelopmen...
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