Developers have an additional six months to get government approvals for Meridia Lafayette Village and the timeline to begin construction on the 115-unit rental development has been changed to six months after approvals are received.
The city’s vacating of 13 feet of Dock Street will allow the developer to project Meridia Lafayette Village’s living space over an additional 10 parallel parking spaces on the street.
The City Council unanimously approved vacating a portion of Dock Street that will allow the developer to redesign portions of Meridia Lafayette Village.
Rahway can generate six million gallons of water per day but could come up two million gallons short, according to a recent study. The shortage doesn’t mean your faucets are in danger of running dry but it is likely to impact your wallet.
State environmental regulations are forcing some minor design changes for Meridia Lafayette Village while the developer also has requested more space to redesign the 115-unit project more favorably.
Mayor Rick Proctor focused his State of the City remarks last night on regional flood mitigation efforts and the city’s response to Hurricane Sandy while touching on some redevelopment topics. He also warned of a tough budget year, thanks to another water utility deficit that will raise water rates.
The City Council unanimously (8-0) approved a 15-year PILOT for Meridia Lafayette Village at its meeting Monday night that will nearly halve the developer’s overall property taxes while providing more revenue directly to the city than it might typically get once the project is built out.