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Council Introduces Ordinances to Facilitate Thomas Place Redevelopment Property Transfers for Senior Housing
Summary
The council introduced ordinances authorizing acquisition and developer-funded transfers of property connected to the Thomas Place redevelopment plan; officials emphasized that the township will not expend general fund dollars for the purchases and that properties would be transferred to a redeveloper under existing agreements.
The Edison Township Council introduced ordinances to authorize property acquisitions related to the Thomas Place redevelopment plan and said the purchases would be funded from developer-contributed funds rather than from the municipal general fund.
Council members grouped two proposed ordinances (identified in the agenda as 2258 and 2259) that would allow the township to acquire certain properties identified in the redevelopment plan and then transfer them to a redeveloper under previously negotiated developer agreements. Staff said the acquisitions are tied to the John Street/Thomas Place redevelopment plan and that the…
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