West Orange Township_Fourth Round HEFSP_Final Draft

ESESX L 004697-15 08/03/2020 Pg 4 of 9 Trans ID; LCV20201360647 20 evidence during the Fairness Hearing; and the Court being satisfied that the parties are entitled to the relief sought; and good cause having been shown; ITISonthis 3RD day of July, 2020; ORDERED as follows; 1. The Court finds and determines, pursuant lo the judicial standards prescribed by the Appellate Division in East/West Venture v. Boro. of Fost Lee, 281 N.J. Super. 311 (App. Div. 1996); and through analysis of the FSHC Settlement Agreement (Exhibit WO-i), the WEHI Settlement Agreement (Exhibit WO-2) and the Special Master’s report (Exhibit WO-6), and on the basis of the statements of counsel and the testimony taken during a Fairness Hearing conducted on July 10, 2020; and based on the Court’s ruling on the record that same day, which is incorporated herein by reference; that the settlement between FSHC, the Township and Redwood and the settlement between the Township, WEHI and the Condominium Association are fair, reasonable and adequately protect the interest of low and moderate income households; and the Court hereby approves the FSHC Settlement Agreement (Exhibit WO-1} and the WEHI Settlement Agreement (Exhibit WO-2). 2. Within 120 days of the date of ihe Fairness Hearing, the Township and its Planning Board shall (a) prepare, adopt and endorse a Housing Element and Fair Share Plan, which shall include a Spending Plan, and shall reflect all of the terms and conditions of the FSHC and WEHI Settlement Agreements (Exhibils WO-1 and WO-2), and wiil also salisfy the conditions listed in the Special Master’s July 6, 2020 report (Exhibit WO-6); and shail (b) submit the adopted and endorsed Housing Element and Fair Share Plan, with ali required supplementary documentation and adopted ordinances and resolutions needed to implement the plan, to the Court, the Special Master, and FSHC and counsel for WEHI and the Condominium Association A824-7593-1333, v.74