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REQUEST FOR LETTERS OF INTEREST FROM REDEVELOPERS

Township of Plumsted
Ocean County, New Jersey
New Egypt Redevelopment Plan


Proposals are to be received by the Municipal Clerk
by end of business on July 23, 2004.


The Township of Plumsted is seeking Letters of Interest from qualified redevelopers to enter into public-private partnerships with the Township to undertake one or more rehabilitation or redevelopment projects of various sizes within the C-4 Downtown Redevelopment Area or Town Center Rehabilitation Area as part of the New Egypt Redevelopment Plan. Additionally, development opportunities are available within the Commercial (C-2), Light Industrial, PRRC and Professional Zones of the Township. The Township has a Town Center designated by the State Planning Commission that has also been designated as an Area in Need of Rehabilitation by the Township Committee pursuant to the Local Redevelopment and Housing Law. At the core of the Town Center is the C-4 Zoning District, which represents the Downtown New Egypt Business District. The C-4 Zoning District has been designated as an Area in Need of Redevelopment pursuant to the Local Redevelopment and Housing Law.

Respondents should submit a written Letter of Interest with a brief summary of qualifications; examples of representative projects; and the dollar value for which financing capacity would be committed for projects in Plumsted (e.g., a $500,000 project $10 million project, $50 million project, etc.).

The Township will review all Letters of Interest and select one or more potential redevelopers to interview. Ability to demonstrate control of property, including proposals of, or joint ventures with, existing property owners to rehabilitate or redevelop their own property, will be considered in the selection process. Successful respondents will be expected to enter into a redeveloper agreement

All respondents should obtain and review the New Egypt Redevelopment Plan, dated March of 2004, and any applicable Land Use Ordinances. Copies of the plan and ordinances can be obtained during normal business hours at the office of the Municipal Clerk by contacting:


Dorothy J. Hendrickson, RMC
Municipal Clerk
121 Evergreen Road
New Egypt, NJ 08533
609-758-2241 ext. 101




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