The Borough of Palisades Park shall not use the power of eminent domain
to take residential property under any circumstances unless it is absolutely
necessary to transfer the property for direct public purposes, such as the
need for the Borough to construct schools, roads, sewer, water, sidewalks
and other public easements which are necessary for the public good of the
Borough and where there is no other available land for the specific purpose
of making land available for that public use.
In no event, even under the most extraordinary circumstances, shall
the Borough attempt to take anyone's property, residential or otherwise,
without paying the owner reasonable value of that property.