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[quote="news"]Ordinances allow purchases The Township Committee adopted two ordinances Monday that will allow it to buy land needed to build affordable housing units. The ordinances allow the township to buy 3.81 acres along the southbound side of Route 130, north of Half Acre Road — an area known as the Route 130 D site — for $1 million. The township plans to build between 20 and 40 affordable housing units on the lot to fulfill its third round of affordable housing obligations. The land, currently owned by Ravi LLC, will be purchased with the help of $835,000 from the Affordable Housing Trust Fund and the township is bonding for another $200,000. Extra money will be used to cover closing fees, including a survey of the land and other miscellaneous costs. Construction is not expected to begin until 2008. ... ([url=http://www.zwire.com/site/news.cfm?newsid=17538513&BRD=1091&PAG=461&dept_id=425419&rfi=6]more[/url])[/quote]
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<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Author</th> <th class="thCornerR">Message</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>news</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Fri, Dec 1 2006, 11:29 pm EST<span class="gen"> </span> Post subject: Town to buy Rt. 130 land</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Ordinances allow purchases <br /> <br /> The Township Committee adopted two ordinances Monday that will allow it to buy land needed to build affordable housing units. <br /> <br /> The ordinances allow the township to buy 3.81 acres along the southbound side of Route 130, north of Half Acre Road — an area known as the Route 130 D site — for $1 million. The township plans to build between 20 and 40 affordable housing units on the lot to fulfill its third round of affordable housing obligations. <br /> <br /> The land, currently owned by Ravi LLC, will be purchased with the help of $835,000 from the Affordable Housing Trust Fund and the township is bonding for another $200,000. Extra money will be used to cover closing fees, including a survey of the land and other miscellaneous costs. <br /> <br /> Construction is not expected to begin until 2008. <br /> <br />... <br /> <br />(<a href="http://www.zwire.com/site/news.cfm?newsid=17538513&BRD=1091&PAG=461&dept_id=425419&rfi=6" target="_blank" class="postlink">more</a>)</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
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