With the goal of enhancing planning, redevelopment and economic
development activities within the Township of Irvington and the intent
that such activities further the interests of sustaining and promoting
growth and development in the Township, the administration and the
Department of Economic Development and Grants Oversight is establishing
escrow accounts for fees to defray costs for redevelopment projects
and in rem foreclosure proceedings.
Pursuant to N.J.S.A. 40A:12A-8(f) of the Local Redevelopment
and Housing Law, potential redevelopers with the Township of Irvington
("Township") shall be required to enter into a redevelopment escrow
funding agreement ("funding agreement") to cover the Township's
administrative expenses, evaluations, negotiation and approval of
agreements, and other costs associated with the implementation and
administration of redevelopment projects (collectively "redevelopment
project costs and expenses") with the Township.
This chapter shall not confer upon the Township of Irvington
any power not otherwise provided by law to determine the legality
of any collective bargaining agreement or to regulate any collective
bargaining process.