[Added 10-27-2003 by Ord. No. 2003-25]
The Township Committee of the Township of Bordentown shall function as the redevelopment entity in the Township of Bordentown and have the ability to exercise all the powers set forth in N.J.S.A. 40A:12A-4c and N.J.S.A. 40A:12A-8.
[Ord. No. 2003-30, 12-30-2003; Ord. No. 2006-27, 11-13-2006; Ord. No. 2006-35, 12-20-2006]
Block 57, Lots 1.01, 1.02, and 6; Block 134.01, Lots 1-7, 9-11, 12.01, 12.02, and 13-15; Block 63, Lots 1, 2, 3, 4.01, 5.01, 5.02, and 6; Block 64, Lots 1-3; Block 1.01, Lots 3-9, and 20; Block 120, Lots 1-14; Block 121, Lots 1-5; Block 122, Lots 1, 2.01, 2.02, 3-10; Block 127, Lots 2 and 3; Block 128.01, Lots 1-12, 14-16, 29, 30.01, 30.02, 31, 32.01, 32.02, 35, 36, 37, 38; Block 140, Lots 3, 5, 6, 7, 10, 11, 12, 13, 14, 15, 16, 17, 18 and 19 and Block 141, Lot 4, are hereby designated as redevelopment zones within the Township of Bordentown.
These areas will be redeveloped in accordance with a redevelopment plan to be established by the Township Committee at a later time.
[Added 5-14-2007 by Ord. No. 2007-16]
A. 
The following fees shall be payable in connection with submittals to the Township Committee of the Township of Bordentown for all projects located within a duly designated redevelopment zone of the municipality. The fee shall be nonrefundable and shall be used solely for purposes of processing the application or review. It shall include all work done in connection with the application or review other than those fees charged for professional services.
B. 
The escrow fee charged for review shall be used exclusively for professional reviews by the architects, engineers, planners and/or attorneys employed by the municipality. The escrow fees shall be so segregated for each application so that the fee to be paid shall be utilized only for the particular project. In the event any of the escrow remains unused at the conclusion of the application, the amount that is not utilized shall be returned to the applicant upon written request. If the escrow fee charged is insufficient so as to cover the professional fees applicable to that particular project, then that applicant shall be required to pay all deficiencies within his individual account. When it has been determined that an escrow account has been depleted by 2/3 of the original fee, same shall be replenished by an additional 1/3 of the original escrow fee.
C. 
Application and escrow fees for applications located within a duly designated redevelopment area shall be determined in the same manner as an application which is not located within a redevelopment area. The schedule of fees located within § 500-901 shall apply.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
D. 
In addition, any escrow fees remaining on account after the conclusion of review by the Township's redevelopment entity may be utilized for purposes of escrow deposits for applications before the Township's Planning Board or returned to the applicant at the applicant's option. All such escrow fees shall be maintained in accordance with the provisions of the New Jersey Municipal Land Use Law, N.J.S.A. 40:55D-1 et seq.