17-18 Designating Executive Green as Area In Need of Redevelopment.pdf

2 statement setting forth the basis for its investigation in accordance with N.J.S.A. 40A:12A- 6(b)(1); and WHEREAS, a public hearing was conducted by the Planning Board on November 1, 2017 and December 6, 2017, with notice having been properly given pursuant to N.J.S.A. 40A:12A-6(b)(3); and WHEREAS, after completing its investigation and public hearing on this matter, the Planning Board concluded that there was sufficient credible evidence to support findings that satisfy the criteria set forth in the Redevelopment Law, particularly at N.J.S.A. 40A:12A-5 et seq., for designating the Study Area as a Non-Condemnation Area in Need of Redevelopment and said designation is necessary for the effective redevelopment of the area comprising the Study Area; and WHEREAS, in accordance with the Redevelopment Law and as approved by vote on December 6, 2017 and memorialized by Resolution 18-1, dated January 3, 2018, annexed hereto as Exhibit “A,” the Planning Board recommended to the Council that Block 155, Lots 40.02, 40.03, 41.02, 42.01, and 42.02 and Block 155.21, Lot 40 be designated as a Non- Condemnation Area in Need of Redevelopment; and WHEREAS, the Council considered the Planning Board's recommendation at its regularly scheduled public meeting and held a public hearing with public comment; and WHEREAS, on September 19, 2017, the Council adopted Resolution 213-17 which authorized the retention of PPG to prepare a Redevelopment Plan in the event that the Planning Board would conclude that there was sufficient credible evidence to support findings that satisfy the criteria set forth in the Redevelopment Law, particularly at N.J.S.A. 40A:12A-5 et seq., for designating the Study Area as a Non-Condemnation Area in Need of Redevelopment; and WHEREAS, a Redevelopment Plan to be presented to the Planning Board and the Council is required to effectuate the designation of the Study Area as a Non-Condemnation Area in Need of Redevelopment.