Redevelopment

Will Bound Brook be bound to the Revo Redevelopment Application for 105 Residential Units?

Posted in: Area in Need of Redevelopment, Counties, Mixed-Use, Redevelopment, Site Plan - Subdivision, Somerset by | No Comments Wednesday, January 4, 2017

Notice Content

NOTICE OF HEARING BOROUGH OF BOUND BROOK PLANNING BOARD TAKE NOTICE, that on Thursday, January 12, 2017 at 7:30 p.m., a public hearing will be held before the Borough of Bound Brook Planning Board at the Bound Brook Municipal Building located at 230 Hamilton Street, Bound Brook, New Jersey 08805 to consider the application of REVO Bound Brook, LLC for Preliminary & Final Site Plan Approval and such variances, deviations, waivers or relief that may be required upon an analysis of the plans and testimony at the PUBLIC HEARING for properties located at 504-507 East Main Street, designated as Block 13.03, Lots 1 and 12.01 and Block 13, Lot 10.01 on the Tax Map of the Borough of Bound Brook, New Jersey and situated in Zone B/R (Business/Residential District) and Redevelopment Zone Sub-Area 1.4. The Applicant is proposing to demolish all existing buildings and construct a new, six-story, mixed use building containing one hundred and five (105) apartment units and 5,740 sq. ft. of retail space along with associated parking areas and signage. Currently, Block 13.03, Lot 12.01 and Block 13, Lot 10.01 are owned by the Borough of Bound Brook while Block 13.03, Lot 1 is owned by 507 East Main, LLC. The properties are part of a Redevelopment Plan encompassing the existing Bound Brook Hotel in addition to additional parcels in the vicinity. The application and supporting documents are on file with the Secretary of the Borough of Bound Brook Planning Board and may be inspected at the Borough of Bound Brook Municipal Building, Planning Department, located at 230 Hamilton Street, Bound Brook, New Jersey 08805 during regular business hours Monday through Friday, 9:00 a .m. to 4:00 p.m. Any interested party may appear at said hearing and participate therein in accordance with the regulations of the Municipal Land Use Law and rules of the Board. Hehl & Hehl, PC Attorneys for the Applicant 12/23/2016 $93.00

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Hoboken Approves Monroe Center’s Mixed-Use Project with 424 Residential Units & 25,000+ Retail

Posted in: Area in Need of Redevelopment, Hudson County NJ, Mixed-Use, Redevelopment by | No Comments Friday, December 16, 2016

Notice Content

NOTICE OF DECISION PLANNING BOARD OF THE CITY OF HOBOKEN PLEASE TAKE NOTICE that on December 6, 2016, the Planning Board of the City of Hoboken adopted a resolution (“Resolution”) memorializing its November 30, 2016 approval of the application of Monroe Center Hoboken Urban Renewal, LLC (“Applicant”) for preliminary and final major site plan approval and preliminary and final major subdivision approval (“Approvals”) to permit a redevelopment project (referred to as Monroe Center Phase III) comprised of 424 residential units (ten (10%) percent of which will be affordable units), 25,500+/- square feet of space for commercial/retail uses along with not less than 415 on-site parking spaces in a parking deck at property subject to the Northwest Redevelopment Plan, as amended. The redevelopment project is proposed to be developed pursuant to the terms of a Redevelopment Agreement between the Applicant and the City of Hoboken. The residential units, commercial/retail space and parking deck are to be constructed in a building ranging in height from 121 feet 4 inches to 165 feet, measured from the design flood elevation, at property known as 701 Harrison Street and identified as Block 80, Lot 1.01 on the tax map of the City of Hoboken (the “City”) and which building also will include roof decks, green roofs recreation and other amenities. In addition, the portion of the former Jackson Street between 7th and 8th Streets, identified as Block 81, Lot 2.01, will be developed as promenade or plaza space. The Approvals also permit the development of approximately 26,477+/- square feet of property comprising a portion of Block 81, Lot 3.01 (identified on the current tax map as COOOB, sometimes referred to as Phase 4 or Unit B) as a plaza for public programming events which, when completed, is proposed to be conveyed to the City by its owner. The plaza will also contain a 2,099+/- square feet area that will remain a part of Lot 81, Lot 3.01 (identified on the current tax map as COOOA, sometimes referred to as Phase 1 or Unit A) that is not proposed to be conveyed to the City. The Approvals permit the improvement of another portion of Block 81, Lot 3.01 (identified on the current City tax map as COOOC, sometimes referred to as Phase 5 or Unit C) as a public park that also is proposed to be conveyed to the City after improvements are completed. The Approvals also permit the development of property identified on the City tax map as Block 74, Lots 3-20, also known as 605 Jackson Street, 625 Jackson Street, 629-633 Jackson Street and 628-632 Monroe Street, with a public park and children’s playground area at the 7th Street end of the property and a 6,825+/- square foot gym near the Jubilee Center on the southerly end of the property all of which property is proposed to be conveyed to the City following completion of the improvements. The Resolution has been filed in and is available for public review at the Office of the Planning and Zoning Boards of the City of Hoboken, Hoboken City Hall, 94 Washington Street, Hoboken, New Jersey, and is available for public review Monday through Friday between the hours of 9:00 a.m. and 4:00 p.m., holidays and furlough days excepted. Monroe Center Hoboken Urban Renewal, LLC, Applicant By: Its Attorneys, Sills Cummis & Gross P.C. Meryl A.G. Gonchar, Esq. 973-643-7000 12/14/16 $85.00

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Rahway Approves Mixed Use Complex

Posted in: Area in Need of Redevelopment, Counties, Mixed-Use, Redevelopment, Site Plan - Subdivision, Union County NJ by | No Comments Monday, July 13, 2015

Public Notice:


CITY OF RAHWAY NOTICE PLEASE TAKE NOTICE that the Planning Board of the City of Rahway, pursuant to the requirements of the City of Rahway Central Business District Redevelopment Plan (the “Redevelopment Plan”) and the Municipal Land Use Law, N.J.S.A. 40:55D-1 et seq. (MLUL), adopted a Resolution of Approval on April 28, 2015 approving the application of Dornoch Rahway II, LP for Preliminary and Final Major Site Plan Approval, Preliminary and Final Major Subdivision Approval and deviations from the Redevelopment Plan for a mixed use development consisting of 208 residential units and approximately 5,331 square feet of retail space on property known and designated as Block 318, Lots 1 through 10 and 23 as shown on the City of Rahway Tax Map; which land is located in the Central Business District Redevelopment Area (CBD-1 Subdistrict). The subject property is approximately 2.07 acres and has frontage on Main Street, East Cherry Street and Poplar Street. The application is made in accordance with that certain “Redevelopment Agreement” between Dornoch Rahway II Urban Renewal, LLC and the Rahway Redevelopment Agency dated October 1, 2014 (the “Redevelopment Agreement”) and in accordance with that certain Agreement of Sale between Dornoch Rahway II Urban Renewal, LP and the Rahway Parking Authority dated January, 2014 (the “Parking Authority Agreement”). The Resolution grants Applicant Preliminary and Final Major Site Plan Approval to allow the construction of two mixed use structures serving a total of 208 residential unit and approximately 5,331 sq. ft. of ground floor retail space. The proposed North Building will include 92 residential units and 1,970 square feet of retail space. The proposed South Building will include 116 residential units, 3,274 square feet of retail space, together with 3,697 square feet of amenity space and 1,742 square feet of leasing office space. Both the proposed North Building and proposed South Building will include four stories of residential units above a ground level story comprised of lobby space, retail use, garage parking and other building services, in addition to one story below grade comprised of garage parking and other building services. The Applicant further proposes the extension of Monroe Street from Main Street through the subject property to East Cherry Street (the “Monroe Street Extension”). In addition to the parking proposed under the North Building and under the South Building, Applicant is proposing on-street parking on Main Street (14 spaces); Poplar Street (2 spaces); Monroe Street Extension (13 spaces); and in the newly created Rahway Parking Authority Lot (26 spaces), which are part of the subject application. The Resolution of Approval further grants Applicant Preliminary and Final Major Subdivision Approval to subdivide the subject property into three (3) new tax lots. Proposed Lot 1.01, Block 318 (0.59 acres) is intended to serve the North Building. Proposed Lot 1.02, Block 318 (0.85 acres) is intended to serve the South Building. Proposed Lot 1.03, Block 318 (0.24 acres) is to serve a 26 space Rahway Parking Authority Lot which will be conveyed to the Rahway Parking Authority pursuant to the terms of the Parking Authority Agreement. The subdivision approval also includes the creation of the Monroe Street Extension. The Resolution of Approval grants Applicant the following deviations from the Redevelopment Plan pursuant to Section X-E of the Redevelopment Plan: (i) Minimum Lot Depth Deviation requested from Central Business District Redevelopment Plan, Page 9, Section IV-B.6(c) which requires 100 ft. minimum lot depth; whereas the Rahway Parking Authority Parking Lot has depth of 69.62 ft. (ii) Minimum Rear Yard deviation requested from Central Business District Redevelopment Plan, Page 9, Section IV-B.6(d)(i) which requires 10 ft. minimum rear yard setback; whereas proposed Lot 1.01 (North Building) has a rear yard setback of zero feet and whereas proposed Lot 1.02 (South Building) has a rear yard setback of 0.50 ft. (iii) On-Site Parking Spaces deviation requested from Central Business District Redevelopment Plan, Page 11, Section IV-E, which requires 208 on-site residential parking spaces; whereas 198 on-site residential garage parking spaces are proposed. Section IV-B.6(c) of the Redevelopment Plan requires, in general, 1.25 spaces per dwelling unit (1.25 x 208 dwelling units = 260 required spaces). Of these, a minimum of 1.0 space per dwelling unit (1.0 x 208 dwelling units = 208 spaces) shall be provided on site. The remaining required spaces shall be provided in on-street spaces, public or private parking lots and/or through a payment pursuant to the Parking Authority Agreement. The Resolution of Approval, application, the plans and related documents are on file and available for public inspection between the hours of 8:30 AM and 4:30 PM Monday through Friday, in the Office of the City Planner, 1 City Hall Plaza, Rahway, New Jersey 07065. Ronald L. Shimanowitz, Esq. Hutt & Shimanowitz, PC Attorneys for Applicant, Dornoch Rahway II, LP 459 Amboy Avenue/P.O. Box 648 Woodbridge, NJ 07095 (732) 634-6400 ($87.12)

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Newton Planning Board Recommends Redevelopment Plan

Posted in: Area in Need Determination, Redevelopment, Site Plan - Subdivision, Sussex County by | No Comments Friday, March 6, 2015

Public Notice:

TOWN OF NEWTON

TAKE NOTICE, that at their regularly scheduled meeting on Wednesday, February 18, 2015 the Newton Planning Board took the following action.

€ McGuire Redevelopment Plan
(Resolution No. 261-2014)
The Planning Board recommended the proposed McGuire Redevelopment Plan with proposed changes and found that it was consistent with the Town’s Master plan.

€ Amendment to the Merriam Gateway
Redevelopment Plan (Resolution No. 26-2015)
The Planning Board recommended the proposed Amendment to the Merriam Gateway Redevelopment Plan with proposed changes and found that it was consistent with the Town’s Master plan.

Copies of all resolutions are on file in the Planning Office at 39 Trinity Street and available for inspection from 8:30 a.m. – 4:30 p.m.
Katherine Citterbart
Administrator
Newton Planning Board
Feb. 23, ‘15pf$16.80
00434424 NJH

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Long Branch Approves 47 Unit Community

Posted in: Apartments, Area in Need Determination, Monmouth County NJ, Redevelopment, Site Plan - Subdivision by | No Comments Wednesday, January 7, 2015

Public Notice:

 


CITY OF LONG BRANCH PLANNING BOARD NOTICE OF DECISION PLEASE TAKE NOTICE that on December 16, 2014, the Planning Board of the City of Long Branch adopted a Resolution granting the Application of FEM SOUTH BEACH, LLC for Preliminary and Final Major Site Plan Approval to construct a 47-unit residential community with amenities in the Beachfront South sector of the City’s Redevelopment Zone, on property located on the north side of North Bath Avenue between Ocean Avenue and Ocean Boulevard, commonly known as Block 216, Lots 1 through 6 on the Official Tax Map of the City of Long Branch. The Resolution is filed in the Office of Planning and Zoning, 344 Broadway, Long Branch, New Jersey and is available for public inspection between the hours of 8:00 a.m. and 4:00 p.m. Monday through Friday. DATED: December 22, 2014 MARTIN A. McGANN, JR. Attorney for Applicant ($27.00)
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Riverside To Hear Kaplan at Riverside Garden Apartment Application

Posted in: Apartments, Area in Need of Redevelopment, Burlington County NJ, Redevelopment, Site Plan - Subdivision by | No Comments Monday, January 5, 2015

Public Notice:

NOTICE TO
PROPERTY OWNERS
RIVERSIDE TOWNSHIP

TAKE NOTICE that the Riverside Township Planning Board will conduct a public hearing on January 12, 2015, at 7:00 PM in the Municipal Building, 1 West Scott Street, Riverside, NJ, to consider an application by Kaplan at Riverside, LLC, the developer for Camelot at Riverside, who will make an application for Preliminary Major Site Plan Approval, for construction of a 200 unit/10 building garden apartment development on Block 602, Lot 2.01, also known as 1 N. Pavilion Avenue.

The property is approximately 11.92 acres and is located within the Golden Triangle Redevelopment Area, Special Development District 2 (SD2) Zone. The Applicant proposes a luxury 200 unit multi-family (rental) development (20 buildings/10 units per building at 3 stories or 90′) with associated garage parking and a clubhouse, with associated parking. The proposal is subject to the SD2 standards, and may require a use variance or bulk variance to exceed the percentage of rental units for the project where only fifteen percent of such units may be rental under the SD2 standards; the Applicant is requesting such variance, if necessary, as well as certain submission waivers as set forth in the application checklist; the Applicant is requesting any additional waivers or variances the Planning Board or its professionals may deem necessary.

You are advised of said hearing because you are the owner(s) of property located within 200 feet and are required to be notified according to the requirements of the M.L.U.L. 1975. You are not required to attend this meeting unless you wish to object to the desired action by the applicant. The application, plans, and supporting documentation are available for examination during normal business hours at the Office of the Planning Board.

Adv. Fee: $39.56
BCT: Dec. 28, 2014
Aff. Chg: $20.00

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Woodbridge JETS Approval of Hess Redevelopment Area

Posted in: Area in Need of Redevelopment, Middlesex County NJ, Redevelopment by | No Comments Friday, December 5, 2014

Public Notice:


TOWNSHIP OF WOODBRIDGE NOTICE is hereby given that at a Regular Meeting of the Municipal Council of the Township of Woodbridge held on November 25, 2014 The following Ordinance was introduced and read and passed on First Reading: ORDINANCE OF THE MUNICIPAL COUNCIL OF THE TOWNSHIP OF WOODBRIDGE, COUNTY OF MIDDLESEX, NEW JERSEY ADOPTING THE ‘HESS WOODBRIDGE REDEVELOPMENT PLAN,’ PURSUANT TO THE LOCAL REDEVELOPMENT AND HOUSING LAW, N.J.S.A. 40A:12A-1 et seq. 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 parcels of land in the municipality constitute “areas in need of redevelopment”; and WHEREAS, pursuant to N.J.S.A. 40A:l2A-4, the Municipal Council (the “Municipal Council”) of the Township of Woodbridge (the “Township”) has designated the Woodbridge Redevelopment Agency (the “Agency”) to act as its “redevelopment entity” (as such term is defined at N.J.S.A. 40A:12A-3) and authorized the Agency to exercise the powers contained in the Redevelopment Law to facilitate the development of redevelopment projects throughout the Township; and WHEREAS, on October 7, 2014 the Municipal Council adopted a resolution in accordance with N.J.S.A. 40A:12A-6 authorizing and directing the Planning Board of the Township (the “Planning Board”) to conduct an investigation to determine whether that certain area of the Township commonly known as Block 196.01, Lot 10.01; Block 196.02, Lot 10; Block 235, Lot 4.034; Block 235.01, Lot 1.01; Block 237, Lot 2.03; Block 238, Lots 1 and 3.04 on the tax maps of the Township (the “Study Area”) satisfies the criteria to be designated as an “area in need of redevelopment”; and WHEREAS, the resolution adopted October 7, 2014 stated that the redevelopment area determination would authorize the Township to use all those powers provided by the Redevelopment Law for use in a redevelopment area, other than the power of eminent domain; and WHEREAS, on November 5, 2014, the Planning Board held a public hearing in accordance with N.J.S.A. 40A:12A-6 at which it reviewed the findings of a report prepared by Marta E. Lefsky, AICP, PP, Eric Griffith, AICP, PP and Chris Kesici, AICP, PP of the Township of Woodbridge Department of Planning and Development (collectively, the “Township Planner”) entitled “Preliminary Analysis and Investigation of Hess Woodbridge as ‘An Area in Need of Redevelopment’ ” dated October, 2014 (the “Redevelopment Study”) which determined that the Study Area met the criteria for designation as an “area in need of redevelopment” under the Redevelopment Law, and adopted a resolution which endorsed the findings of the Redevelopment Study and recommended to the Municipal Council, pursuant to N.J.S.A. 40A:12A-6, that the Study Area be designated as an “area in need of redevelopment”; and WHEREAS, on November 10, 2014, in accord with the recommendation of the Planning Board, the Municipal Council designated the Study Area as an “area in need of redevelopment” pursuant to N.J.S.A. 40A:12A-5 (“Redevelopment Area”); and WHEREAS, the Township Planner has prepared a redevelopment plan for the Redevelopment Area entitled the “Hess Woodbridge Redevelopment Plan” dated November 2014 (“Redevelopment Plan,” attached hereto as Exhibit A); and WHEREAS, on November 25, 2014 the Municipal Council adopted a resolution referring the Redevelopment Plan to the Planning Board for its review and recommendation, pursuant to N.J.S.A. 40A:12A-7(e); and WHEREAS, on December 3, 2014, the Planning Board reviewed the Redevelopment Plan and adopted a resolution recommending its adoption; and WHEREAS, upon review of the Planning Board’s recommendation of the Redevelopment Plan, the Municipal Council has determined to adopt the Redevelopment Plan to ensure the success of redevelopment within the Redevelopment Area in conformity with the Township’s redevelopment objectives. NOW THEREFORE, BE IT ORDAINED by the Municipal Council of the Township of Woodbridge, County of Middlesex, New Jersey that: 1. The aforementioned recitals are incorporated herein as though fully set forth at length. 2. The Redevelopment Plan, attached hereto as Exhibit A, is hereby adopted pursuant to the terms of N.J.S.A. 40A:12A-7. 3. The zoning district map included in the zoning ordinance of the Township is hereby amended to include the Redevelopment Area per the boundaries described in the Redevelopment Plan. All of the provisions of the Redevelopment Plan shall supersede the applicable development regulations of the Township’s municipal code, as and where indicated. 4. A copy of this Ordinance and the Redevelopment Plan shall be available for public inspection at the office of the Township Clerk during regular business hours. 5. This Ordinance shall take effect in accordance with all applicable laws. Said Ordinance remains on file in the office of the Municipal Clerk for Inspection and on line at www.twp.woodbridge.nj.us Notice is further given that said Ordinance will be further considered for Final Passage by said Municipal Council at a Regular Meeting of that body, to be held at the Memorial Municipal Building, 1 Main Street, Woodbridge, N.J. on December 9, 2014 at 7:00 pm in the evening, at which time and place all persons interested therein will be given an opportunity to be heard concerning the same. John M. Mitch, RMC,CMC,CMR Municipal Clerk ($95.04)
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Jersey City’s Mixed Use Machine Keeps Humming Along

Posted in: Area in Need Determination, Hudson County NJ, Infill, Mixed-Use, Redevelopment, Site Plan - Subdivision by | No Comments Friday, November 14, 2014

Public Notice:

LEGAL NOTICE PLEASE TAKE NOTICE that Coles Jersey Development Co., LLC (the “Applicant”) has submitted an application to the City of Jersey City Planning Board for Preliminary and Final Major Subdivision and Preliminary and Final Site Plan approval with respect to property located at Block 6003, Lots 2, 3 and 4; Block 6004, Lots 1 and 2; and Block 6005, Lot 13 and a portion of Lot 7 as shown on the Tax Map of the City of Jersey City. The project is generally bounded over a three (3) block area between Jersey Avenue, 16th Street, 17th Street, 18th Street, Coles Street and Monmouth Street. The application calls for the development of approximately 873 residential units and approximately 23,950 square feet of commercial space, along with parking, open space, and other infrastructure improvements. The proposed uses are permitted under the Jersey Avenue Park Redevelopment Plan. The application is as of right and does not seek any variance relief. In addition, the Applicant requests that the application be deemed amended to include any additional approvals, design waivers, deviations, variances or exceptions which are determined to be necessary in the review and processing of this application, whether requested by the Planning Board or otherwise. A public hearing on this application will be held on Tuesday, November 18, 2014 at 5:30 p.m. in the City Council Chambers, 280 Grove Street, Jersey City, New Jersey where members of the public can be heard and ask questions concerning the contents of the application. Copies of the Applicant’s application and supporting plans and reports will be available for review in the office of the Department of Economic Development at 30 Montgomery Street, Suite 1400, Jersey City, NJ at least ten (10) days prior to the hearing date, during normal business hours. Patrick J. McNamara, Esq. Scarinci Hollenbeck 802 West Park Avenue, Suite 222 Ocean, New Jersey 07712-8526 11/08/14 $85.00
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Perth Amboy Puts Out RFP on Downtown Gateway Redevelopment Project

Posted in: Area in Need Determination, Middlesex County NJ, Redevelopment by | No Comments Wednesday, October 8, 2014

Public Notice:

      CITY OF PERTH AMBOY  PERTH AMBOY  REDEVELOPMENT AGENCY REQUESTS FOR PROPOSALS   NOTICE IS HEREBY GIVEN that sealed proposals will be received by the Redevelopment Agency for the City of Perth Amboy, County of Middlesex, State of New Jersey until November 18, 2014 by 4:00 pm prevailing time in the Office of Redevelopment , City Hall, 260 High Street, Perth Amboy, New Jersey, for:   RFP AND PRESENTATION OF QUALIFICATIONS TO SERVE AS DESIGNATED DEVELOPER FOR THE DOWNTOWN GATEWAY REDEVELOPMENT PROJECT AREA  Requests for Proposals may be obtained at the Redevelopment Office, 260 High Street, 2nd Floor, Perth Amboy, NJ 08861 during regular business hours 9:00 am – 5:00 pm. Requests for Proposals can also be downloaded from the City’s Web Site: www.ci.perthamboy.nj.us Proposals are required to comply with the requirements of P.L. 1975, c.127 (N.J.A.C. 17:27 et seq. City of Perth Amboy Annie Hindenlang  Executive Director ($18.92) 64936
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Woodbridge Works Through PILOT Agreement with Avenel Train Station Redeveloper

Posted in: Apartments, Area in Need Determination, Commerical, Middlesex County NJ, Mixed-Use, Redevelopment, Site Plan - Subdivision, TOD by | No Comments Monday, August 25, 2014

Public Notice:

TOWNSHIP OF WOODBRIDGE   NOTICE is hereby given that at a Regular Meeting of the Municipal Council of the Township of Woodbridge held on August 19, 2014 The following Ordinance was introduced and read and passed on First Reading: ORDINANCE OF THE TOWNSHIP OF WOODBRIDGE, COUNTY OF MIDDLESEX, NEW JERSEY APPROVING THE APPLICATION FOR A LONG TERM TAX EXEMPTION AND AUTHORIZING THE EXECUTION OF A FINANCIAL AGREEMENT WITH STATION VILLAGE AT AVENEL URBAN RENEWAL, L.L.C., WHEREAS, the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq., as amended from time to time (the “Redevelopment Law”), provides a process for municipalities to participate in the redevelopment and improvement of areas in need of redevelopment; and WHEREAS, pursuant to the Redevelopment Law, Block 859-A, Lot 1.01 and Block 867, Lot 1.081, as identified on the tax maps of the Township of Woodbridge (the “Project Site”) have been designated by the Township of Woodbridge (the “Township”) as an “area in need of redevelopment”; and WHEREAS, the Mayor and Township Council have adopted a redevelopment plan for the revitalization and redevelopment of the Project Site, a copy of which redevelopment plan is on file with the Township Clerk (the “Redevelopment Plan”); and WHEREAS, pursuant to the Redevelopment Law, specifically N.J.S.A. 40A:12A-6, the Township designated the Woodbridge Redevelopment Agency as the “Redevelopment Entity”, as such term is defined at N.J.S.A. 40A:12A-3, for the Project Site, with full authority to exercise the powers contained in the Redevelopment Law to facilitate and implement the development of the Project Site; and WHEREAS, the Station Village at Avenel Urban Renewal, L.L.C. (the “Entity”) is in negotiations to become the contract purchaser of the Project Site, or will acquire the Project Site pursuant to the Redevelopment Agreement (as defined herein); and  WHEREAS, on the Project Site, an approximately 27.255 acre property adjacent to the existing Avenel train station, the Entity will construct or cause to be constructed 500 residential units with a supporting retail component of 25,000 square feet, an arts center of 10,000 square feet, a village green of 30,000 square feet, and a vest pocket park of 20,000 square feet (the “Project Improvements”) with the required infrastructure and site improvements (collectively, the “Project”) pursuant to the terms and conditions set forth in an agreement between the Agency and the Entity pursuant to the Redevelopment Plan (the “Redevelopment Agreement”); and  WHEREAS, the Project will conform to all applicable municipal zoning ordinances as amended by the Redevelopment Plan and will be in conformance with the master plan of the Township; and WHEREAS, the Entity filed the application attached hereto as Exhibit A (the “Application”) seeking approval of an urban renewal project and a form of a Financial Agreement (the “Financial Agreement”) pursuant to the Long Term Tax Exemption Law of 1992, as amended and supplemented, N.J.S.A. 40A:20-1 et seq. (the “LTTE Law”); and WHEREAS, the Township has made the following findings: 1. The Project Site is currently not developed to its maximum potential. The annual real estate taxes currently generated by the undeveloped Project Site are approximately $377,000.00. In contrast, the estimated Annual Service Charge (as defined in the Financial Agreement), to be generated by the Project over the term of the Financial Agreement is estimated to be more than $1,000,000.00. Upon expiration of the exemption, the Project will be fully assessed and conventionally taxed; 2. The Project will accelerate the redevelopment of the Project Site by providing new residential housing units, retail space, an arts center and a park. Further, the Project will generate jobs, increase tax ratables and provide public improvements. When compared to the costs, if any, associated with the tax exemption, the Township finds that the benefits outweigh the costs, recognizing that the Township will retain ninety-five percent (95%) of the amount of the PILOT, and this transit-oriented project is not anticipated to generate many public school children based on the experience of other municipalities with transit-oriented projects; 3. Given the scale of the Project, and in light of market conditions and other factors currently impacting investment risk, including the historical contamination of the Project Site, it is not financially feasible to undertake the development of the Project in the absence of the tax exemption provided by this Agreement; 4. The Project will result in the creation of 150 construction jobs and, upon completion and full operation, approximately 24 permanent jobs; and 5. The Project is consistent with the Redevelopment Plan, will further its objectives, and will contribute to the economic growth of the Township. WHEREAS, in order to enhance the economic viability of and opportunity for a successful project, the Township will enter into the Financial Agreement in the form attached hereto as Exhibit B with the Entity governing the terms of the tax exemption and the Annual Service Charge paid to the Township; and WHEREAS, the Council has determined that the Project represents an undertaking permitted by the LTTE Law, and has further determined that the Project is an improvement made for the purposes of clearance, replanning, development, or redevelopment of an area in need of redevelopment within the Township, as authorized by the LTTE Law; and  WHEREAS, the Mayor has submitted the Application and Financial Agreement to the Council with his recommendation for approval (the “Mayor’s Recommendation”), a copy of which recommendation is on file with the Township Clerk; and NOW, THEREFORE, BE IT ORDAINED BY THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF WOODBRIDGE, NEW JERSEY AS FOLLOWS: 1. An exemption from taxation as set forth in the Application is hereby granted to the Entity, with respect to the Project on the Project Site for the term set forth in the Financial Agreement; provided that, as provided for in N.J.S.A. 40A:20-12, in no event shall the tax exemption exceed the earlier of (i) thirty-five (35) years from the date of execution of the Financial Agreement or (ii) thirty (30) years from the completion of the Project, or part thereof for which the Entity has received a Certificate of Occupancy; and the exemption shall remain in effect only so long as the Entity remains subject to and complies with the Financial Agreement and the LTTE Law and the obligation to complete construction of the improvements required by the Redevelopment Plan and the Redevelopment Agreement; and provided, further that, as required by NJSA 40A:20-12 (b), in no event shall the Annual Service Charge be less than the amount of the total taxes levied against all real property in the area covered by the project in the last full tax year in which the area was subject to taxation. 2. The Mayor and/or Township Administrator, in consultation with Special Counsel to the Township, are hereby authorized to execute and/or amend, modify or make such necessary changes to the Application, the Mayor’s Recommendation, the Financial Agreement and any other agreements or documents necessary to effectuate this ordinance and the Financial Agreement.  3. The executed copy of the Financial Agreement and this ordinance shall be certified by the Township Clerk and filed with the Tax Assessor for the Township and filed with the Director of the Division of Local Government Services. 4. The Project shall conform with all federal and state law and ordinances and regulations of the Township relating to its construction and use, including the Redevelopment Plan. 5. The Entity shall, from the time the Annual Service Charge becomes effective, pay the Annual Service Charge as set forth in the Financial Agreement.  6. The Project will result in the redevelopment of the Township by providing a new mixed-use development including residential units, retail space, an arts center and a park.  7. The Financial Agreement with the Entity is a necessary inducement to the undertaking of the Project.  This Ordinance shall take effect 20 days after adoption and publication according to law.  Said Ordinance remains on file in the office of the Municipal Clerk for Inspection and on line at www.twp.woodbridge.nj.us  Notice is further given that said Ordinance will be further considered for Final Passage by said Municipal Council at a Regular Meeting of that body, to be held at the Memorial Municipal Building, 1 Main Street, Woodbridge, N.J. on September 2, 2014 at 7:00 pm in the evening, at which time and place all persons interested therein will be given an opportunity to be heard concerning the same.  John M. Mitch, RMC,CMC,CMR  Municipal Clerk ($139.34) 66677 

 

Public Notice ID: 21666884.HTM
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