Draft_October 2025_West Orange_HEFSP_with Appendices

April 6, 2020 Page 5 * The Township has agreed to place a mixed-use overlay zone for commercial/retail on the first floor and up to three stories of residential above. The residential density for this site shall permit up to 16 du/a and require a 20% set-aside. b) Mayfair Farms Site * Block 152.01 Lot 1445.01 * 481 Eagle Rock Avenue * Current Owner: Mayfair Farms Holding Corp. Lot Area: 11.07 acres Zone: B-2 Business * The Township has agreed to place a mixed-use overlay zone for commercial/retail on the first floor and up to three stories of residential above. The residential density for this site shall permit up to 16 du/a and require a 20% set-aside. c) Redwood ¢ Block 151 Lot 33 200 Pleasant Valley Way « Current Owner: Redwood LLC, c/o Pagano Real Estate Lot Area: 5.91 acres +/- * Zone: R-2 Single-Family Residential * The Township has agreed to place overlay zoning on this site permitting non age-restricted residential development up to 24 du/a and requiring a 20% affordable housing set-aside. The parties agree that this zoning yield shall be permitted to be rounded up to 142 total units, which if developed to that maximum would require an affordable housing set-aside of either a) 28 on-site affordable housing units and a payment in lieu of $59,473.20, or b) 29 on-site affordable housing units. d) The Township shall adopt an ordinance requiring a mandatory affordable housing set aside for all new multifamily residential developments of five (5) units or more. The set aside for rental and for sale developments shall be twenty percent (20%). The provisions of the ordinance shall not apply to residential expansions, additions, renovations, replacement, or any other type of residential development that does not result in a net increase in the number of dwellings of five or more. The form of the Ordinance shall be finalized prior to final judgment being issued in this matter through collaboration between FSHC, the Special Master, and representatives of the Township. 11. In addition to the Unmet Need mechanisms identified in Paragraph 10 the Township has identified the following areas where affordable housing may be produced in the future: a) 10 Rooney Circle Block 155 Lot 41.02 e Address — 10 Rooney Circle « Current Owner: West Orange Office Executive Park Lot Area: 5.2 acres * Zone: Site is in Essex Green Redevelopment Area « The

) 10 Rooney Circle Block 155 Lot 41.02 e Address — 10 Rooney Circle « Current Owner: West Orange Office Executive Park Lot Area: 5.2 acres * Zone: Site is in Essex Green Redevelopment Area « The Township is currently in negotiations with the landowner concerning the future use of this site. Within 18 months of the court's approval of this agreement the Township shall inform the special master and FSHC as to the future use. In the event that the future use will be residential the