Joseph J. Maraziti, Jr., Esq., and Joanne Vos, Esq., appeared before the Township Committee of the Township of Neptune to present a Conditional Designation Agreement for the redevelopment of a portion of the West Lake Avenue Redevelopment Area. This Agreement is expected to foster the negotiation of a detailed Redevelopment Agreement for the construction of a mixed-use complex which would include residential units, parking, retail and a restaurant. This is the first redevelopment initiative that has been advanced by the Township in 11 years and is hoped to stimulate redevelopment projects within other areas of the Township.