[Amended 11-13-2003]
The purpose of this zone district is to provide
certain development bonuses in order to create a realistic opportunity
for the construction of lower-income housing in satisfaction of Allendale’s
affordable housing obligation under N.J.S.A. 52:27D-301 et seq. and
N.J.A.C. 5:93.
Any use other than those listed in §
270-120 is prohibited.
Prior to the issuance of any construction permit,
the Planning Board shall review and approve a site plan for the entire
project in accordance with the provisions of the Land Subdivision
and Site Plan Ordinance of the Borough of Allendale.
[Added 1-7-1998]
In lieu of constructing certain lower income
units, which would otherwise have been required in this zoning district,
the Borough and a developer may agree to a contribution to the Borough's
Affordable Housing Trust Fund. Such agreement shall be:
A. Subject to the Borough's discretion;
B. Consistent with the Borough's fair share obligation
and substantive certification; and
C. Subject to review and approval of the New Jersey Council
on Affordable Housing (COAH) and its regulations.