The Borough shall not employ the power of eminent domain so as to deprive owner-occupiers of residential real properties and commercial properties of such ownership rights in the absence of a specified purpose (a) to transfer the property to public ownership for the creation of a public use, including but not limited to a road, hospital, military base, public housing, sewer, water line, sidewalk, right-of-way, flood control, park, open space, erosion control mechanism and the like; or (b) to transfer the property to private owners for the specific purpose of making the same available for the public use.