[HISTORY: Adopted by the Mayor and Council of the Borough
of Red Bank 4-13-2009 by Ord. No. 2009-12. Amendments noted
where applicable.]
GENERAL REFERENCES
Planning and development regulations — See Ch. 490.
It is the purpose and intent of the Borough of Red Bank to restrict
the use of its authority pursuant to the Local Redevelopment and Housing
Law, N.J.S.A. 40A:12A-1 et seq., as that law may be amended and supplemented,
to exercise the power of eminent domain in order to transfer any privately
owned properties to a private developer.
The Mayor and Council shall not exercise the power of eminent
domain pursuant to the Local Redevelopment and Housing Law to acquire
any privately owned property within any redevelopment area created
within the Borough for the purpose of selling or transferring such
property to a developer or other private entity in furtherance of
any redevelopment project.
