The Borough shall not employ the power of eminent domain so as to deprive owner-occupiers of residential real properties of such ownership rights in the absence of a specified purpose:
A.
To transfer the property to public ownership for the creation of a public use including, but not limited to, a road, hospital, military base, sewer, water line, sidewalk, right-of-way, flood control, park, open space, erosion control mechanism and the like; or
B.
To transfer the property to private owners for the specific purpose of making the same available for public use.