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Redevelopment Agreement Nj

April 11th, 2021 · No Comments

Forget also the zoning imperative on relations with the land and not with people. ML Plainsboro against. Plainsboro, 316 N.J. Super. 200, 205-206 (ca. Div. 1998). Instead, a city is free to choose a particular developer or group of developers as a designated developer for a domain – and such a choice can be made with or without request or with other competition procedures. Bryant, supra, 309 N.J. Super.

624. Thus, the possibility of remediation is made available to a specific contractor, not the land itself, or even its current owners. Acted for Hackensack University Medical Center in its joint venture with Seton Hall to create a new medical school as part of the rehabilitation of the Roche Pharmaceutical Campus in Nutley and Clifton, NJ. The project included important negotiations with two host municipalities on rehabilitation and piloting agreements, the use of rehabilitation zone bonds and the use of public incentives. Several other programs are worth considering in rehabilitation projects. These include the Urban Home Recovery Program (UHORP). UHORP promotes economic diversity by helping developers build projects that involve a mix of medium-sized, medium- and low-income units. The Downtown Living program aims to attract all income categories to cities as part of the urban revitalization strategy. The program offers reduced-rate loans to commercial and non-profit developers who wish to create commercial rents in centres.

The Special Authorization Rehabilitation Program is available to qualified municipalities and private landowners to study and clean up hazardous landfills. The objective of the programme is to return the wastelands to productive economic exploitation and return them to tax roles. Upstairs-Downtown is a small program that offers discounted loans to small entrepreneurs and investors to buy and repair small commercial properties in downtown with retailers on the first floor and up to four apartments on the upper floors. In addition to the specific themes described above, we have negotiated, on behalf of the above authorities, several recovery agreements, some of which are extremely complex.

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