[HISTORY: Adopted by the City Council of the City of Rahway 1-25-2001 by Ord. No. O-1-01. Amendments noted where applicable.]
Pursuant to the Local Redevelopment and Housing Law, the City hereby creates a body corporate and politic to be known as the "Rahway Redevelopment Agency" which shall constitute a redevelopment entity contemplated and provided for in the aforesaid Local Redevelopment and Housing Law as an agency or instrumentality of the City of Rahway.
Editor's Note: See N.J.S.A. 40A:12A-1 et seq.
Pursuant to the Local Redevelopment and Housing Law, there shall be seven Commissioners of the Agency to be appointed by the Mayor, with the consent of the City Council, of which no more than two Commissioners shall be officers or employees of the city.
In addition to all such powers as are specifically granted to the Agency pursuant to N.J.S.A. 40A:12A-1 et seq., and as may otherwise be generally allowed pursuant to other applicable statutes, the Agency shall also have the power to:
Inquire into, survey and publicize the extent, advantages and utility of vacant land and other dormant and underutilized properties of the city.
Classify such land and properties according to its adaptability for the establishment and development thereon of various types of economic activities.
Study and analyze business trends, requirements and developments to ascertain the opportunities for economic expansion in the city.
Advertise the business advantages and opportunities and the availability of suitable sites and facilities in the city and otherwise initiate and pursue appropriate efforts to encourage and accomplish economic development and expansion within the city.
Cooperate with other city departments, agencies, committees and local civic organizations to promote, encourage and assist economic development within the city.
Arrange for the sale or lease of the city's vacant lands to businesses whose location thereon is best calculated, in the judgment of the Agency, to advance the interests of the city and of its citizens.
Exercise such other powers as may be reasonably necessary and appropriate to accomplish its purposes and goals in accordance with applicable laws and regulations.
Copies of this chapter, certified by the City Clerk, shall be filed in the office of the Division of Local Government Services of the Department of Community Affairs of the State of New Jersey, after the effective date of this chapter.