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.
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:
A. Inquire into, survey and publicize the extent, advantages
and utility of vacant land and other dormant and underutilized properties
of the city.
B. Classify such land and properties according to its adaptability
for the establishment and development thereon of various types of economic
activities.
C. Study and analyze business trends, requirements and developments
to ascertain the opportunities for economic expansion in the city.
D. 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.
E. Cooperate with other city departments, agencies, committees
and local civic organizations to promote, encourage and assist economic development
within the city.
F. 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.
G. 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.