[Added 4-20-2026 by Ord. No. 2026-06]
The Multi Family Inclusionary Zone-2 District shall be applied to Block 128, Lot 46, as shown on the Official Tax Map of the Borough. The Official Zoning Map of the Borough of Point Pleasant is hereby amended in accordance with the foregoing and is incorporated by reference. The Multi Family Inclusionary Zone-2 District shall be permitted to be developed with an inclusionary residential development with a mandatory minimum affordable set-aside of 20%. Any development shall include one low-income and one moderate- income affordable unit. For the purpose of permitting the development of an inclusionary development the provisions and requirements of the Multi Family Inclusionary Zone District shall supersede the provisions and restrictions of the underlying General Commercial (G-C) Zone District. In the event of a conflict between the provisions of this section and other sections of the Borough development regulations with respect to the development of affordable housing, the provisions of the MFIZ-2 District shall govern.