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Council adopts lease-extension ordinance for Fisherman's Market property at second reading
Summary
Lambertville's council adopted Ordinance 01-2025 on second reading to extend the lease with Fisherman's Market for city-owned property at 260 North Main Street and opened the item to public comment before adopting by voice vote.
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The Lambertville City Council approved an extension of the lease between the city and Fisherman's Market for the Porcelainville property at 260 North Main Street.
The mayor opened second reading of Ordinance 01-2025 and invited public comment. Remote commenter Judy Gleason asked whether the planner's work and site alternatives had been considered; the mayor noted the public-comment period and said the council would give a chance to speak on related items later in the meeting. After public input, the council voted by voice to adopt the ordinance on second reading.
Context: City staff said Fisherman's Market has been paying utilities for the property and has set up escrow to pay for surveying and associated costs related to a possible sale or redevelopment. The administration said survey and subdivision work are underway and that Fisherman's Market has agreed to pay more than appraised value and to fund survey costs via escrow, which staff said will help advance redevelopment paperwork.
What passed: Ordinance 01-2025 (second reading) — extension of lease with Fisherman's Market for use of city property at 260 North Main Street — was adopted by voice vote. The council scheduled no further action on that item at the meeting beyond adoption; staff will continue to work on survey, escrow, and sale paperwork.
Next steps: Staff expects surveys to occur within approximately two weeks, followed by the developer's plan overlay and subsequent legal and planning steps toward sale or redevelopment.

