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Council introduces ordinance to lease Port property for solar to CleanCapital DevCo
Summary
O.25.11 was introduced on first reading to authorize a private lease of parts of Block 1 lots at the Port to CleanCapital DevCo LLC for a solar project; public hearing is scheduled for May 13, 2025.
Council introduced O.25.11 authorizing the private lease of parts of Block 1, Lots 1, 19 and 20 to CleanCapital DevCo LLC for a solar installation on Port property. The ordinance cites N.J.S.A. 40A:12‑14 as the authority to lease municipal land and was adopted on introduction with a May 13 public hearing scheduled for second reading.
Council President Thomas moved and Councilman Singleton seconded introduction; the roll call vote was unanimous among those present, with Councilman Holloway absent. The ordinance language notes the lease would be private and that typical redevelopment or lease conditions will be negotiated as part of the review process.
Why it matters: leasing municipal port property for solar could bring renewable energy investment and long‑term revenue to the borough, but details such as lease terms, project size and community benefits were not presented at introduction and will be considered at the hearing.
