[HISTORY: Adopted by the Township Committee of the Township of Pennsauken 3-13-1978 by Ord. No. 78-3 as Ch. 68 of the 1977 Code. Amendments noted where applicable.]
Pursuant to the provisions of Chapter 306 of the Laws of New Jersey of 1949, as amended (N.J.S.A. 40:55C-1 et seq.), a body corporate and politic to be known as the "Township of Pennsauken Redevelopment Agency" is hereby created and established.
Editor's Note: The preamble read as follows:
“WHEREAS, there exist in the Township of Pennsauken, in the County of Camden and State of New Jersey, blighted areas or areas in the process of becoming blighted; such areas impair economic values in tax revenue; such areas cause an increase in and spread of disease and crime and constitute a menace to the health, safety, morals and welfare of the residents of this Township; these conditions necessitate excessive expenditures of public funds for crime prevention and punishment, public health and safety, fire and accident protection and other public services and facilities; and
“WHEREAS, these areas in the Township should be redeveloped for the improvement of the Township; and
“WHEREAS, it is in the public interest that work on projects for such purposes be commenced as soon as possible; and
“WHEREAS, the Township is authorized and permitted by Chapter 306 of the Laws of New Jersey of 1949, as amended (N.J.5.A. 40:55C-1 et seq.), to create by ordinance the Township of Pennsauken Redevelopment Agency as a body corporate and politic and an instrumentality of the Township to clear blighted areas and to prevent blight and to acquire real property and made it available for redevelopment by private enterprise or by public agencies, in accordance with approved redevelopment plans; and
“WHEREAS, this Township Committee, in order to promote the health, safety, morals and welfare of the people of the Township, deems it necessary and advisable to create the Township of Pennsauken Redevelopment Agency to undertake the aforesaid clearance of blighted areas and the redevelopment thereof;
“THEREFORE, BE IT ORDAINED...”
Editor's Note: Repealed by L. 1992, c. 79. See now N.J.S.A. 40A:12A-1 et seq.
Said Township of Pennsauken Redevelopment Agency shall be an instrumentality of the Township and shall have and shall exercise all of the powers provided in said Chapter 306 of the Laws of New Jersey of 1949, as amended, or contained in any other law or laws relating to redevelopment agencies, as defined in said Chapter 306 of the Laws of New Jersey of 1949, as amended.
The Township Clerk is hereby authorized and directed to file a certified copy of this chapter with the Commissioner of Conservation and Economic Development of the State of New Jersey.