UPDATE: Brief Public Session for Green Village Meeting Today

One of the borough's biggest planned projects in years will be the focus of a special joint meeting between the Madison Borough Council and members of the Madison , who will convene at 3 p.m. in the Trustees Room at .

The meeting will open in public session for a brief agenda review and then recess to closed session. According to BOE President Lisa Ellis, "the Council and the Board of Education formed a joint GVR Redevelopment Committee last fall with three representatives from each body. At the start of the new year, the borough's representation on the committee changed to four members, thus the meetings now require an official notice from the Borough Clerk because their participation represents a quorum but that is not the case for the Board. This is a legal/contractual matter thus handled in closed session.

"The Board will continue to share as much as allowed by law, as we have been doing, throughout the process at our meetings."

The joint meeting will discuss receipt of Requests for Qualifications (RFQ) for interested developers of the , the borough stated in a notice.

Green Village has been zoned as a mixed-use project, which could include as many as 125 high-end rental residential units, commercial space, and a   performing arts facility. Borough officials have pegged its total revenue potential as high as $40 million.

"GVRS is going to serve as a tremendous jumpstart for the borough," Mayor Robert Conley said earlier. "We can have a vibrant residential mixed-use development that will feed cultural centers and schools. [T]his could lead to a different look on Kings Road in the coming years."

The meeting notice stated that formal action may be taken.