As expected, the Township Committee introduced an ordinance on November 10 to dissolve the township’s Affordable Housing Agency.
The township has been contracting out affordable housing services with Frank Piazza of Piazza & Associates and state law no longer requires towns to establish affordable housing agencies.
A public hearing on the ordinance is scheduled for Wednesday, December 8.
In other business during the meeting, Township Committee introduced an $8 million bond ordinance to fund a the park on the site of the new University Medical Center of Princeton at Plainsboro, off Route 1. A public hearing on that ordinance is also scheduled for Wednesday, December 8.
The burden of funding the improvements to the park will not affect taxpayers because the bond ordinance is simply a requirement under the state’s redevelopment law. It will be paid back by the hospital after the project is completed, officials said.
The redevelopment law requires the township to assist in financing the public improvement part of the redevelopment project, which is the park the hospital is providing to the community. The bond ordinance covers the costs associated with demolition of buildings on the site that were used by the FMC Corporation as well as the grading and other landscaping work.
Principle costs and interest will be paid back to the township by the hospital, officials said.
Located on 50 acres of a 160-acre site off Route 1, the new hospital will consist of 636,000 square feet of interior space, including 237 single patient rooms, operating rooms, treatment areas, and an emergency department, double the size of the current one.
