[HISTORY: Adopted by the Mayor and Council of the Borough of Riverton 8-9-2001 by Ord. No. 8-01. Amendments noted where applicable.]
Acting pursuant to Chapter 79 of the laws of the State of New Jersey 1992, N.J.S.A. 40A:12A-1 to 40A:12A-49, inclusive, and the acts amendatory thereto, there is hereby created a public body corporate to be known as the "Borough of Riverton Redevelopment Agency." Such agency will constitute a redevelopment agency as contemplated and provided for in said Act and shall have the power and authority as provided by said Act and the Acts amendatory thereof and supplemental thereto.
There shall be seven Commissioners of the Borough of Riverton Redevelopment Agency consisting of the Mayor and the six members of the Borough Council.
Each Commissioner shall hold office for the term of their respective elective office as either Mayor or Council members and until his/her successor shall have been elected and qualified.
There is hereby transferred and assigned to the Borough of Riverton Redevelopment Agency all of the property, books, papers and records relating to the functions of the Borough of Riverton Redevelopment Agency, except such books, papers and records as are now required by law or the ordinances of the Borough of Riverton to be kept in the office of some other officer or department of municipal government.
The following 59 tax lots located within the Borough of Riverton and designated for redevelopment and rehabilitation by the Mayor and Council of the Borough of Riverton by Res. No. 2001-55 adopted on May 10, 2001, are hereby designated as areas in need of redevelopment and rehabilitation: