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A Hoboken waterfront restaurant is expected to win city approval for five more years, but only after scaling down from a high-end eatery to a cafe-style establishmentafter being criticized as too pricey for a public park and running afoul of state regulations. The Hoboken City Council will vote Wednesday on approving a new lease agreement for Blue Eyes to operate at the Sinatra Park cafe building for five years, with the option to extend it for another five years. The restaurant initially moved into the building in 2015. Instead of its current menu where a pasta entree is upwards of $25 and a …