40:67-12.3 - Compensation for private structure or building maintained within boundaries of street - New Jersey Statutes

40:67-12.3.  Compensation for private structure or building maintained within boundaries of street
    Whenever a structure or building has been erected or maintained as private property within the limits or boundaries of a public street or highway for such  a long period of time that the seizure, removal or abatement of the same by the  municipality having jurisdiction and control of such street or highway, without  compensation to the owner, would work a great hardship, the governing body of  such municipality shall have full power and authority, in its discretion, to  award compensation to the owner of such structure or building, in such manner  and upon such terms as it may, by resolution, determine.  The power and  authority hereby granted shall include the right to defray the cost of  removing, abating, vacating, repairing or rebuilding such structures or  buildings.