The following terms, as used in this article, shall have the
following meanings:
AFFORDABLE HOUSING DEVELOPMENT
A development included in the Housing Element and Fair Share
Plan, and includes, but is not limited to, an inclusionary development,
a municipal construction project or a 100% affordable development.
DEVELOPER
The legal or beneficial owner or owners of a lot or of any
land proposed to be included in a proposed development, including
the holder of an option or contract to purchase, or other person having
an enforceable proprietary interest in such land.
EQUALIZED ASSESSED VALUE
The assessed value of a property divided by the current average
ratio of assessed-to-true value for the municipality in which the
property is situated, as determined in accordance with sections 1,
5, and 6 of P.L. 1973, c. 123 (N.J.S.A. 54:1-35a through 54:1-35c).
GREEN BUILDING STRATEGIES
Those strategies that minimize the impact of development
on the environment, and enhance the health, safety and well-being
of residents by producing durable, low-maintenance, resource-efficient
housing while making optimum use of existing infrastructure and community
services.
REDEVELOPER
Any person, firm, corporation or public body that shall enter
into or propose to enter into a contract with the Township or other
redevelopment entity for the redevelopment or rehabilitation of an
area in need of redevelopment, or an area in need of rehabilitation,
or any part thereof, under the provisions of this article, or for
any construction or other work forming part of a redevelopment or
rehabilitation project.
REDEVELOPMENT
Clearance, replanning, development and redevelopment; the
conservation and rehabilitation of any structure or improvement, the
construction and provision for construction of residential, commercial,
industrial, public or other structures and the grant or dedication
of spaces as may be appropriate or necessary in the interest of the
general welfare for streets, parks, playgrounds, or other public purposes,
including recreational and other facilities incidental or appurtenant
thereto, in accordance with a redevelopment plan.
REDEVELOPMENT PLAN
A plan adopted by the governing body of a municipality for
the redevelopment or rehabilitation of all or any part of a redevelopment
area, or an area in need of rehabilitation, which plan shall be sufficiently
complete to indicate its relationship to definite municipal objectives
as to appropriate land uses, public transportation and utilities,
recreational and municipal facilities, and other public improvements;
and to indicate proposed land uses and building requirements in the
redevelopment area or area in need of rehabilitation, or both.
REDEVELOPMENT PROJECT
Any work or undertaking pursuant to a redevelopment plan;
such undertaking may include any buildings, land, including demolition,
clearance or removal of buildings from land, equipment, facilities,
or other real or personal properties which are necessary, convenient,
or desirable appurtenances, such as but not limited to streets, sewers,
utilities, parks, site preparation, landscaping, and administrative,
community, health, recreational, educational, and welfare facilities.
Maple Shade Township shall complete all monitoring forms included
in monitoring requirements related to the collection of development
fees from residential and nonresidential developers, payments in lieu
of constructing affordable units on site, funds from the sale of units
with extinguished controls, barrier-free escrow funds, rental income,
repayments from affordable housing program loans, and any other funds
collected in connection with Maple Shade Township's housing program,
as well as to the expenditure of revenues and implementation of the
plan certified by the court.