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North Haledon council advances amendment and financial agreement for Belmont Avenue redevelopment
Summary
The council introduced a financial-agreement ordinance and approved a first amendment to the TFJ North Haledon redevelopment agreement, updating the Belmont Avenue project to 90 rental units (84 market-rate, 6 affordable), two group homes for disabled individuals, a self-storage building and a retail pad, plus a community benefit up to $250,000.
The Borough of North Haledon Mayor and Council on April 15 introduced an ordinance authorizing execution of a financial agreement with TFJ North Haledon Urban Renewal LLC to implement the Belmont Avenue Redevelopment Project and approved a resolution authorizing the first amendment to the redevelopment agreement.
The ordinance and amendment revise earlier project plans and describe a mixed-use development consisting of a Residential Phase with 90 on-site rental units — 84 market-rate units and six designated affordable units — two group-home buildings for Hope Christian Services at 1270 Belmont Avenue (each containing five units for disabled individuals), a roughly 74,715-square-foot self-storage facility and an approximately 4,378-square-foot retail pad with a drive-thru, together with parking, stormwater management and related site improvements. The council’s resolution also records a Community Benefit Contribution by the redeveloper of up to $250,000 to be paid in installments as specified in the amended agreement.
Mayor Randy George and council members cited the statutory bases for the action in the ordinance texts, including the Local Redevelopment and Housing Law (N.J.S.A. 40A:12A-1 et seq.) and the Long Term Tax Exemption Law (N.J.S.A. 40A:20-1 et seq.), and authorized the Mayor to execute the financial agreement and related documents in substantially the form attached to the ordinance and resolution, subject to counsel review. Council Member George Pomianek moved the ordinance and related actions on first reading; Council Member Rocco Luisi seconded. Upon roll call, all members present voted in the affirmative and the motions carried.
The materials in the meeting record recount prior redevelopment steps, including Planning Board findings and earlier Borough Council actions dating back to 2012 and formal designation of TFJ as redeveloper in March 2023. The resolution approved on April 15 formalizes the amended project description and the process for final execution of the financial agreement and amended redevelopment documents.
Next steps noted in the ordinance and resolution include final review and execution by the Mayor and filing requirements with the appropriate state officials for ordinances adopting or authorizing tax-exemption agreements. The ordinance was advanced on first reading and scheduled for final consideration at the May 20, 2026 regular meeting.
