Establishment. There is hereby permitted and created a Downtown Redevelopment Overlay District as shown on the Official Zoning Map of the Borough of Caldwell, County of Essex, State of New Jersey. The Downtown Redevelopment Overlay District shall apply to the properties as identified in the Borough of Caldwell Downtown Redevelopment Plan.

Implementation. For purposes of implementing the Downtown Redevelopment Plan, the Mayor and Council of the Borough shall serve as the redevelopment entity for all matters related to the Plan.

Redevelopment Plan. The Downtown Redevelopment Plan is on file in the Borough offices.