The Borough
of Wanaque
The Midvale and Haskell
Area
Redevelopment Investigation
Report
A Study to Assist the
Wanaque Planning Board in Investigating Whether Certain Properties Located
within the Borough of Wanaque, generally located along
Prepared for:
The Borough of Wanaque Planning
Board
October 6, 2008
Prepared by:
Benecke Economics
Robert L. Benecke
Henry Coleman, PhD
Fred F. Suljic, PP
TABLE OF CONTENTS
1. Introduction 3
2. The Properties under Study (Investigation) 5
3. The Statutory Criteria and the Parameters of the Study 7
4. The
5. Specific Criteria Analysis: Growing lack of Proper
Utilization, Criteria e 14
6. The Wanaque Master Plan 20
7. Specific Criteria: h 22
8. Final Recommendations 25
Attachment 1 Photographs of Properties
Attachment 2 Maps
1-Introduction
The
Borough of Wanaque is conducting a preliminary investigation to determine if
certain properties located along Ringwood Avenue located primarily in the
Midvale section of the Borough and the US Aluminum factory, located along
Fourth Avenue, qualify as an area in need of redevelopment. The properties in
the Midvale section of Wanaque are located to the north of
The
Borough of Wanaque,
On July 14, 2008 the Borough Council of the
Borough of Wanaque adopted Resolution #11-0-06 authorizing and directing the
Wanaque Planning Board to undertake a preliminary investigation to determine
whether the properties in the proposed redevelopment area qualify under the
criteria of NJSA 40A:12A-5 as an area in need of redevelopment. The Council
identified the twenty five (25) properties included in this Report to be investigated
as a potential area in need of redevelopment.
Additional properties included in the
aforesaid Council Resolution, located in the
This Redevelopment Investigation Report has
been prepared and is written to assist
the Wanaque Planning Board in meeting its obligations of Section 6 of the Local
Redevelopment and Housing Law, NJSA 40A:12A-6a, which requires, in part, the
following:
“No area of a municipality
shall be determined a redevelopment area unless the governing body of the
municipality shall, by resolution, authorize the Planning Board to undertake a
preliminary investigation to determine whether the proposed area is a
redevelopment area according to the criteria set forth in Section 5 of P.L.
1992. C.79 (C.40A:12A-5)…. The governing body of a municipality shall assign
the conduct of the investigation and hearing to the Planning Board of a
municipality.”
Over
the past several months evidence has been gathered as to the condition of the
potential redevelopment area through several site visits to the properties
including on August 18 and September 15, 2008, taking photographs of the
exteriors of the properties, reviewing tax assessment and property maintenance
records and informally speaking to property owners. We have also researched the
zoning ordinance of the Borough of Wanaque and the Wanaque Town Center Plan and
State of
Photographs
of the properties included in the redevelopment study area will be provided to
the Planning Board at their hearing. These photographs are part of the body of
evidence presented in our study to support the opinion that certain of the
parcels are in need of redevelopment.
The
July 2008 Council Resolution divided the Redevelopment Study Area into four
parts: Midvale,
#1-Proposed, Potential Redevelopment
Area-Midvale-1. This area has seven (7) properties under study. It includes
as its’ centerpiece the former public school at Block 231,
#2-Proposed, Potential Redevelopment
Area-Midvale-2. This area has five (5) properties under study. It includes
as its’ centerpiece the municipally owned properties at Block 232, Lots 6 and
8. The municipal facility is deteriorating, see the July 199 report prepared by
Tri-State Architects outlining its’ deteriorating conditions. A larger parcel
of property is required for new municipal facilities, such as may be available
at Block 231 in project area #1 above. (Two (+) acres.)
#3-Proposed, Potential Redevelopment
Area-Midvale-3. This area has three (3) properties under study. It includes
a vacant corner lot on the corner of
#4-Proposed, Potential Redevelopment
Area-US Aluminum Site. This area has two (2) properties under study. It
includes a closed factory. According to the Borough’s Administration the goal
of redeveloping this property is to eradicate an environmentally challenged
site and potential blighting influence on the
#5-Proposed, Potential Redevelopment
Area-Haskell 2008. This area has five properties, including merged lots 13
and 14 in Block 435. According to the Borough’s Administration the goal of
redeveloping this area is to qualify for financing, such as federal and state
grants to improve the property conditions. (.75 acres.)
The
2-The Properties under Study (Investigation)
The
specific properties being studied in this Report, pursuant to the
aforementioned Borough Council Resolution follows:
Chart 1
The Borough of Wanaque
Identification of Properties under
Investigation by the
Wanaque Planning Board
#1-Proposed, Potential Redevelopment
Area-Midvale-1
|
Property ID (Block/Lot) |
Address |
Owner |
Approximate |
|
231 |
|
Realty Associates
Redevelopment |
1.1 Acres |
|
231 |
|
Post, Harry (In
estate of William Post) |
1.6 Acres |
|
231 |
|
King, Brendan and
Nancy |
8,500 |
|
231 |
|
King, B & A |
13,000 |
|
231 |
|
King Enterprises |
10,000 |
|
231 |
|
McCartney &
Jordan |
23,000 |
|
231 |
|
Wiley and Struble |
13,000 |
#2-Proposed, Potential Redevelopment
Area-Midvale-2
|
Property ID (Block/Lot) |
Address |
Owner |
Approximate |
|
232 Lots 6 and 8 |
|
Borough of
Wanaque |
1.2 Acres |
|
232
Lot 9* |
|
Birkenbush, Alan
& Sharon |
6,000 |
|
232 Lot 10* |
|
Amar, Alan &
Myrna |
6,500 |
|
232 Lot 11 |
|
Maiello, Grace |
7,500 |
|
232 Lot 13* |
|
Smerklo, Robert
& Theresa |
6,500 |
|
232 Lot 14 |
|
|
6,500 |
#3-Proposed, Potential Redevelopment
Area-Midvale-3
|
Property ID (Block/Lot) |
Address |
Owner |
Approximate |
|
220 Lot 3* |
|
Rancier Mayerling |
10,000 |
|
220
|
|
Katz, Stuart |
13,500 |
|
220 |
|
KBM Management |
27,500 |
#4-Proposed, Potential Redevelopment Area-US
Aluminum
|
Property ID (Block/Lot) |
Address |
Owner |
Approximate |
|
435 |
|
US Aluminum Inc |
5 Acres |
|
435 |
|
Rita Futterman |
24,000 |
#5-Proposed, Potential Redevelopment
Area-Haskell 2008
|
Property ID (Block/Lot) |
Address |
Owner |
Approximate |
|
435 |
3 |
Biggio, George
& Jeanette |
2,575 |
|
435 |
|
Duhame, Richard
& Ann |
3,500 |
|
435 |
|
Kressaty, Fred |
5,040 |
|
435 |
|
Gentile, Edward
& Regolizi |
8,200 |
|
435 |
|
|
5,400 |
In some development or redevelopment
scenarios the important location of the property may be sufficient to warrant
the property’s inclusion in the area in need of redevelopment; although the
property by itself may not be detrimental to the public, see NJSA 40A12A-3.
However, we believe more substantial evidence is needed to find that four
residential properties in the study area satisfy the statutory criteria.
Accordingly, we find, and it is our opinion, that the five properties marked
with an asterisk in the above Chart do not qualify to be included in an
area in need of redevelopment, without the specific consent of the property
owner.
Based on the foregoing analysis while twenty
five properties (25) are being studied in this Report, only twenty (20) may be
designated as an area in need of redevelopment by the Borough of Wanaque. The
remaining five (5) properties may only be designated with the property owner’s
consent.
3-The Statutory Criteria and the Parameters
of the Study
Section
5 of the LRHL, NJSA 40A:12A-5 specifies that an area may be determined to be in
need of redevelopment if, after investigation, notice, and hearing as provided
in Section 6 of NJSA 40A:12A, the area satisfies one or more of the following
statutory criteria:
a. The generality of buildings are substandard,
unsafe, unsanitary, dilapidated or obsolescent, or possess any of such
characteristics or are so lacking in light, air or space, as to be conducive to
unwholesome living or working conditions.
b. The discontinuance of the use of buildings
previously used for commercial, manufacturing or industrial purposes; the
abandonment of such buildings or the same being allowed to fall into so great a
state of disrepair as to be untenantable.
c. Land that is owned by the municipality, the
County, a local housing authority, redevelopment agency or redevelopment
entity, or unimproved vacant land that has remained so for a period of ten
years prior to the adoption of the resolution, and that by reason of its
location, remoteness, lack of means of access to developed sections or portions
of such municipality, topography or nature of the soil, is not likely to be
developed through the instrumentality of private capital.
d. Areas with buildings or improvements which,
by reason of dilapidation, obsolescence, overcrowding, faulty arrangement or
design, lack of ventilation, light and sanitary facilities, excessive land
coverage, deleterious land use or obsolete layout, or any combination of these
or other factors, are detrimental to the safety, health, morals or welfare of
the community.
e. A growing lack or total lack of proper
utilization of areas caused by the condition of the title, diverse ownership of
real property therein or other conditions, resulting in a stagnant and a not
fully productive condition of land potentially useful and valuable for
contributing to and serving the public health, safety and welfare.
f.
Areas,
in excess of five contiguous acres, whereon buildings or improvements have been
destroyed, consumed by fire, demolished or altered by action of storm, fire,
cyclone, tornado, earthquake or other casualty in such a way that the aggregate
assessed value of the area has been materially depreciated.
g. In any municipality in which an enterprise
zone has been designated pursuant to the “New Jersey Urban Enterprise Zones
Act,” P.L.1983, c.303 (C.52:27H-60 et seq.) the execution of the actions
prescribed in that act for the adoption by the municipality and approval by the
New Jersey Urban Enterprise Zone Authority of the zone development plan for the
area of the enterprise zone shall be considered sufficient for the
determination that the area is in need of redevelopment pursuant to Sections 5
and 6 of P.L.1992, c.79 (C.40A:12A-5 and 40A:12A-6) for the purpose of granting
tax exemptions within the enterprise zone district pursuant to the provisions
of P.L.1991, c.431 (C.40A:20-1 et seq.) or the adoption of a tax abatement and
exemption ordinance pursuant to the provisions of P.L.1991.
h. The designation of the delineated area is
consistent with smart growth planning principles adopted pursuant to law or
regulation.
Furthermore,
the LRHL permits the inclusion of parcels that do not meet the statutory
criteria if they are necessary for effective redevelopment of the proposed
redevelopment area:
“A redevelopment area may
include land, buildings or improvements which of themselves are not detrimental
to the public health, safety or welfare, but the inclusion of which is found
necessary with or without change in their condition, for the effective
redevelopment of the area of which they are a part.” (NJSA 40A:12A-3.)
This
report focuses on the substantial evidence supporting the determination that
the area under study, twenty five (25) properties with the noted five
exceptions, are in need of redevelopment. This Report does not present a
Redevelopment Plan for this area. A specific Redevelopment Plan may be prepared
and subsequently adopted by the Borough Council pursuant to the procedures
established within the LRHL and after considering community input. As an
example of a successful Redevelopment Plan we point to the
The
findings and opinions expressed by the authors of this Report, Benecke
Economics, Robert L. Benecke and Henry Coleman, PhD as well as Fred Suljic,
P.P., regarding the area in need of redevelopment are being provided to the
Wanaque Planning Board for their exclusive use and review. The Borough Council
may also consider this Report as part of their deliberations and potential
determination that the properties qualify (meet the statutory criteria) as an
area in need of redevelopment, pursuant to the provisions of NJSA 40A12A-5. The
opinions of Mr. Suljic are provided pursuant to the regulations governing professional
planning in the State of New Jersey NJSA 45:14-1 et seq. The Wanaque Planning
Board may or may not rely on these findings and opinions; keeping in mind that
the determination of whether these properties do qualify as an area in need of
redevelopment is the sole responsibility of the governmental entity after
considering all of the evidence and opinions; including those opinions of the
property owners and the public.
4-The
The
area under study and investigation in this Report is strategically located
along
Seven
(7) of the properties under study are located in the
Although
not a formally designated Town Center the possibility of creating such a center
in Midvale was referred to in Wanaque’s October 2002 Town Center Report.
Accordingly, the study area is part of the area of the Borough of Wanaque generally
recognized as the “center of town”.
The
recently completed Redevelopment Project located on the north side of
It
is a successful mixed use (retail-office) Redevelopment Project redeveloped
pursuant Borough of Wanaque Ordinance #2-06, as amended by Ordinance #19-06,
establishing a Redevelopment Plan, including a Service Business District (SBD)
zone for the area. In this Redevelopment Plan, for Ringwood Avenue Redevelopment
Area I, the Borough Council stated in part:
“in furtherance of the continuing efforts to
enhance and revitalize the Borough of Wanaque and to stimulate the proper
growth of jobs, retail, and other economic opportunities in Wanaque the Borough
Council finds that it would promote the public health, safety, morals, and
welfare to redevelop the premises along
The properties studied in this Report are also generally
situated along the
We
have researched, in detail, the condition of each property identified by the
Borough Council to be potentially included in the
need of redevelopment. All of these
documents and other evidence have been reviewed by the authors of this Report.
In addition, this Report includes a discussion and analysis supporting the
designation of each of the properties in the area under criterion e, lack of
proper utilization, and criterion h, that being that such a designation is
consistent with smart growth principles.
As
part of our research we took note of the Borough of Wanaque Town Center Report,
dated March 2000 and updated in October 2002. This Report, prepared by the
Borough, notes:
“The main focus of the
These
conditions are the same as those found in our review of the area, including
Midvale.
The
chart depicted below indicates that each of the twenty five (25) properties
located in the study area have conditions that are consistent with, and satisfy
the statutory criteria specified in Section 5 of the LRHL, NJSA 40A:12A-5, and
therefore may be found in need of redevelopment, with the aforementioned five
residential properties being identified by an asterisk and requiring the
property owners consent to be so included in the redevelopment area. Further,
based on the substantial evidence these properties, when considered as one
area, may be designated as an area in need of redevelopment by the Borough
Council. This being done after considering all other pertinent testimony and
evidence, and upon a finding by the governing body that the public health and
welfare will best be served by such a designation.
Chart 2
The Borough of Wanaque
Identification of Properties under
Investigation by the
Wanaque Planning Board
Proposed, Potential Redevelopment
Area-Midvale-1
|
Property ID (Block/Lot) |
Property Description |
Applicable Statutory
Criteria Per The LRHL |
|
231 |
A vacant parcel,
formerly a public school. |
b, c, e, h |
|
231 |
A residential
property on a large parcel of property. An improvement to land ratio of .71.
(May be sub divided, keeping the residential structure and better utilizing
the land.) |
e, h |
|
231 |
Paved parking
area. |
c, d, e, h |
|
231 |
A two story
structure with difficult means of access and limited on site parking.
Commercial first floor and residences above (four bedrooms). Exterior needs
maintenance. |
d, e, h |
|
231 |
A two story
structure with difficult means of access. Two apartments above a marginal
restaurant use. Two small free standing “houses” on parcel. |
a, d, e, h |
|
231 |
A two story
structure with retail uses (tanning) on first floor and two apartments
above. An improvement to land ratio of
.54 |
d, e, h |
|
231 |
A residential
structure (rental). Exterior maintenance issues. An improvement to land ratio
of .69. |
d, e, h (elements
of a are apparent as well) |
Proposed, Potential Redevelopment
Area-Midvale #2
|
Property ID (Block/Lot) |
Property Description |
Applicable Statutory
Criteria Per The LRHL |
|
232 Lots 6 and 8 |
A municipal
building and vacant municipal lot. |
c, d, e, h |
|
232
Lot 9* |
A residential
property. |
h,
NJSA 40A:12A-3 |
|
232 Lot 10* |
A residential
property with a 1.1 improvement to land ratio. |
h, NJSA 40A:12A-3 |
|
232 Lot 11 |
A two story
structure with two apartments. Difficult access and limited parking. An
improvement to land ratio of .58. |
d, e, h |
|
232 Lot 13* |
A residential
property. |
h,
NJSA 40A:12A-3 |
|
232 Lot 14 |
Two story retail
on first floor and apartment above. An improvement to land ratio of .75. |
d, e, h |
Proposed, Potential Redevelopment
Area-Midvale #3
|
Property ID (Block/Lot) |
Property Description |
Applicable Statutory
Criteria Per The LRHL |
|
220 Lot 3* |
A residential
property requiring maintenance. |
h,
NJSA 40A:12A-3 |
|
220
|
Vacant, fenced
off property. |
c, d, e, h |
|
220 |
A three story
commercial building with three apartments above, a 1900 converted Dutch
Colonial. An improvement to land ratio of 1.48. |
d, e, h |
Proposed, Potential Redevelopment Area-US
Aluminum
|
Property ID (Block/Lot) |
Property Description |
Applicable Statutory
Criteria Per The LRHL |
|
435 |
A vacant factory
with environmental issues. An improvement to land ratio of .64. |
a, b, e, h |
|
435 |
A vacant parcel
adjacent to factory site in foreclosure proceedings. |
c, e, h |
Proposed, Potential Redevelopment
Area-Haskell 2008
|
Property ID (Block/Lot) |
Property Description |
Applicable Statutory
Criteria Per The LRHL |
|
435 |
Residential
structure adjacent to commercial use. Exterior maintenance needed.
Improvement to land ratio of 1.0. |
e, h |
|
435 |
Two story
commercial structure with two apartments. Exterior maintenance needed. |
e, h |
|
435 |
Two story
commercial structure with three apartments. Exterior maintenance needed. An
improvement to land value of .85. |
e, h |
|
435 |
Two story
commercial structure with apartment. Exterior maintenance needed. An
improvement to land value of .65. |
e, h |
|
435 |
Two story
commercial structure with apartment(s). |
e, h |
|
These properties
are beginning to show signs of deterioration which may give rise in the
future to other applicable criteria if not addressed. |
||
5-Relationship to the Wanaque Master Plan
The
revised Master Plan, dated June, 1992 as adopted by the Wanaque Planning Board,
identified the
In
our experience such a significant planning effort can not be accomplished by
one property owner or the individual actions of any combination of the property
owners within these areas. What is required is a comprehensive and coordinated
approach undertaken as part of the redevelopment planning process. Under such
an approach, the property within the study area can be redeveloped in a
coordinated and planned manner to implement the comprehensive plans of the
Borough of Wanaque and more effectively contributing to the general health and
welfare of both the Borough and region.
The
potential area in need of redevelopment under study, and the subject of this
Report, lies at the center of the redevelopment efforts noted in the 1992
Revised Master Plan.
6-Specific Criteria-Growing Lack of Proper
Utilization-Criterion e
The statutory e criterion is applicable in
circumstances where an identifiable underutilization or lack of proper
utilization of properties in a redevelopment study area exists. The condition
of lack of proper utilization may be the result of property ownership and title
problems, property configuration, or other conditions that limit the economic
viability and marketability of the properties in a study area and depress
property values. An example is Block 435,
Properties that meet criterion e may include
parcels with limited improvements (buildings) not meeting their full market
potential, properties that exhibit poor design and arrangement consistent with
criteria d, or properties in an area not developed in a manner consistent with
the objectives of a municipality’s zoning and master plan. We have noted in the
foregoing Charts several properties that have improvement (building) values
less than the value of the land. This is an indication that the property is
underutilized and we have noted other property issues leading to this
condition: for example, difficult means of access due to the property lay out.
Here we turn to the streetscape along
The US Aluminum factory site is in an
industrial zone. The property has been vacant for over one year and is subject
to environmental clean up protocols. This property clearly satisfies the
statutory criteria and is not in any way a productive condition of the land and
is not serving the public health, safety and welfare in its’ current condition.
So as to quantify the premise of the growing
lack of proper utilization we have researched the tax assessment data for the
Borough of Wanaque as a whole. We find that the 2007 total assessed value of
land to be $228.3 million and the 2007 total assessed value of improvements to
be $334.6 million. The total 2007 assessed value is $562.9. This is an
improvement to land ratio of 1.47. Based on these assessed value numbers, the
percent of 2007 total assessed value that is produced from land value is 41%,
with improvements (buildings) representing 59% of the total 2007 assessed value
in the Borough of Wanaque. In other words the investment upon the land in the
Borough of Wanaque in the form of improvements (building) is greater than the
investment in the land itself.
When
we compare the potential proposed area in need of redevelopment with the
Borough of Wanaque as a whole we find that improvement value is significantly
less than the land value in many properties, including the US Aluminum
property.
This
disparity in property investment is further signified by the fact that the properties
under study, as an area in need of redevelopment, are in the Business District
of the Borough; the
Because
the properties have poor lot configurations, evidenced by difficult means of
access or have being vacant, they are as a whole under-productive and stagnant
and not contributing to the public health, safety and welfare. When this analysis is considered along with
the general poor condition of majority of the properties it apparent that these
properties can be much better utilized.
The
preceding analysis provides substantial evidence that the properties in the
area under study are stagnant and underutilized and a growing lack of
utilization is evident. These properties meet the statutory tests under
criterion e. Further, the public safety, health and welfare is being harmed by
having the
7 Specific Criteria-Smart Growth
Consistency-Criterion h
Smart
growth is an approach to planning that directs new growth to locations where
infrastructure and services are available, limits sprawl development, protects
the environment, and enhances and rebuilds existing communities. The New Jersey
Office of Smart Growth (OSG) defines smart growth as “well-planned,
well-managed growth that adds new homes and creates new jobs, while preserving
open space, farmland, and environmental resources. Smart growth supports
livable neighborhoods with a variety of housing types, price ranges and
multi-modal forms of transportation.” When applied as recommended by OSG, smart
growth is epitomized by compact, transit accessible, pedestrian-oriented,
mixed-use development and land uses.
OSG lists the following principles of smart
growth
Mixed
land uses
Compact,
clustered community design
Walkable
neighborhoods
Distinctive,
attractive communities offering a ‘sense of place’
Open
space, farmland, and scenic resource preservation
Future
development strengthened and directed to existing communities using existing
infrastructure
Transportation
option variety
Community
and stakeholder collaboration in development decision-making
Predictable,
fair, and cost-effective development decisions
Range
of housing choice and opportunity
The
State of
As noted in the 2001 SDRP:
“To accommodate an
appropriate level of growth, Rural Planning Areas need strong Centers. These
Centers should attract private investment that otherwise might not occur.
Second, the Plan recognizes the growing need to retain, expand or locate
certain farm services and businesses (for example, farm suppliers, processors
and marketing services) in Rural Planning Areas to promote a viable
agricultural industry in
The SDRP also recommends a center-based
planning approach:
“New development should be
guided into Centers to preserve open space, farmland and natural resources and
to preserve or improve community character, increase opportunities for
reasonably priced housing and strengthen beneficial economic development
opportunities. Directing development from the Environs to Centers will ensure
that the Environs remain in recreational, cultural or resource-extraction uses
or left undisturbed. The appropriate
provision and scaling of public facilities and services should maintain the
integrity and function of the ecological systems in this area. Strategic
planning and investing also can accommodate beneficial development and
redevelopment in Centers, both efficiently and equitably.” (SDRP, p. 217)
As previously indicated, and consistent with
the “smart growth” center-based land use planning approach advocated in the
SDRP, the Borough of Wanaque has received approval and endorsement from the
State Planning Commission for the creation of a mixed-use
As recommended in the SDRP, redevelopment
can be an effective implementation strategy to strengthen existing and create
new centers. The SDRP policies include:
“Encourage appropriate
redevelopment in existing centers and existing developed areas that have the
potential to become centers, or in ways to support center-based development to
accommodate growth that would otherwise occur in Environs. Redevelop with
intensities sufficient to support transit, a broad range of uses, efficient use
of infrastructure, and design that enhance public safety, encourage pedestrian
activity, reduce dependency on the automobile and maintain the rural character
of the centers.” (SDRP, p. 210)
Redevelopment is also recognized as a
legitimate planning tool within centers a stated goal of the SDRP is to:
“Encourage environmentally
appropriate redevelopment in existing Centers and existing developed areas that
have the potential to become Centers or in ways that support Center-based
development to accommodate growth that would otherwise occur in the Environs.
Redevelop with intensities sufficient to support transit, a range of uses broad
enough to encourage activity beyond the traditional workday, efficient use of
infrastructure, and physical design features that enhance public safety,
encourage pedestrian activity and reduce dependency on the automobile to
attract growth otherwise planned for the Environs.” (SDRP, p. 219)
By redeveloping the Ringwood Avenue area of
Wanaque, and the US Aluminum site, consistent with the land use planning goals
stated in the Borough’s 1992 revised Master Plan, Town Center Reports, and the
SDRP, the Borough can achieve a sense of place and center-based “smart growth”
community development favored by the State Planning Commission and enumerated
in the SDRP.
The
properties identified in this study area are a critical component to the future
health and vitality of the
It follows that a redevelopment designation
of these properties is consistent with criterion h and will promote the healthy
and vital development of the
8-Final Recommendation
As
expressly set forth in this report the aforementioned twenty (20) properties,
as specifically identified in Charts, 1 and 2, qualify as an “Area in Need of
Redevelopment” in accordance with N.J.S.A. 40:12A-5. An additional five (5)
properties may be included in the redevelopment area with the consent of the
property owner. Upon hearing testimony from the affected property owners and
the public, and after visiting the properties in the area under investigation
(study), the Wanaque Planning Board should consider recommending to the Borough
Council that the properties identified in the Charts be designated in need of
redevelopment.
Further,
the Wanaque Planning Board should consider recommending to the Borough Council
that a Redevelopment Plan be prepared and adopted by the Council, with
appropriate review and comment by the Planning Board, in accordance with the
requirements of the Local Redevelopment and Housing Law.
Prepared by:
Benecke
Economics
Robert
L. Benecke
Henry
Coleman, PhD
Fred
Suljic, P.P.
October
6, 2008