[Added 9-9-2009 by Ord. No. 14-2009]
A.
The Supreme
Court of the United States, in the case of Kelo et al. v. the City
of New London et al., 545 U.S. 469 (2005), held that the taking of
private property for economic development is a legitimate public purpose
for the exercise by a municipality of the power of eminent domain.
B.
The Borough
views the private property rights of its residents in their homes
to be paramount to the use of eminent domain for the purpose of private
economic development.
C.
The Borough
desires that its residents be free of any concern, no matter how remote,
that their homes will be taken through the power of eminent domain
for transfer to another private party for economic development.
No legally occupied residential dwelling located within an “area
in need of redevelopment” designated in accordance with the
Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et seq., in
the Borough that conforms to all applicable Borough housing and maintenance
codes shall be taken by the Borough, or any of its agencies, boards
or commissions, by eminent domain for conveyance to another private
party for the purpose of economic development.
