5 Nutting Rd, Morris Plains, NJ 07950

Affordable Housing District No. 2

The purpose of the Affordable Housing Zone Districts is to establish suitable locations within the Township for the development of housing which is affordable to low- and moderate-income households as part of an inclusionary development in accordance with the policies promulgated in the Amended Housing Element and Fair Share Housing Plan and Mediation Agreement which is a part thereof, which has received substantive certification by the New Jersey Council on Affordable Housing.; The purpose of this Zoning Ordinance amendment is to establish alternate zoning in the AHD No. 1 and AHD No. 2 Districts to provide additional development options in accordance with a Mediation Agreement between the Township of Parsippany-Troy Hills and Lake Lenore Estates, dated June 28, 1996 the agreement, by the terms of which the affected properties shall generate the development set forth in.; Notwithstanding Lake Lenore's engaging in COAH mediation and the execution of the Mediation Agreement, the Township expressly ratifies, confirms and acknowledges that the 1990 Agreements and Substantive Certification are valid, binding and enforceable on the Township. Notwithstanding anything to the contrary herein contained, and such action as Lake Lenore may undertake pursuant to this agreement, Lake Lenore has and continues to reserve its rights under the 1990 Agreements and the 1991/1992 Substantive Certification.