[HISTORY: Adopted by the Township Council of the Township of Franklin 9-14-1999 by Ord. No. 3073 (Ch. 50 of the 1990 Code). Amendments noted where applicable.]
Pursuant to the Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1 et. seq., the Township hereby creates a body corporate and politic to be known as the "Franklin Township Redevelopment Agency" which shall constitute a redevelopment agency contemplated and provided for in N.J.S.A. 40A:12A-11, as an agency or instrumentality of the Township of Franklin. The Redevelopment Agency shall have all the powers vested in redevelopment agencies in the Local Redevelopment and Housing Law, N.J.S.A. 40A-12A-1 et. seq., with regards to redevelopment projects assigned to the Redevelopment Agency from time to time by the Township Council.
Pursuant to the N.J.S.A. 40A:12A-11, there shall be seven Commissioners of the Redevelopment Agency to be appointed by the Township Council, two of whom shall be members of the Township Council. The terms of the Commissioners shall be five years, except that the terms of the initial members shall be staggered in accordance with N.J.S.A. 40A:12A-11. The term of any Commissioner who is also a member of the Township Council shall be one year.
[Amended 12-11-2012 by Ord. No. 3997]
The Executive Director of the Redevelopment Agency shall be the Township Manager of the Township of Franklin or his/her designee.
Copies of this chapter, certified by the Township Clerk, shall be filed in the office of the Division of Local Government Services in the Department of Community Affairs of the State of New Jersey after the effective date of this chapter.