There is hereby established an Open Space Trust Fund, which
fund shall be administered by the Township Council.
The Township Council is authorized by a majority vote to acquire
lands, easements and/or development rights for open space, which lands
may be used for active or passive recreation. The Township Council
shall determine the amount of funds that shall be made available for
each acquisition. In addition, the Council shall have the right to
use the funds as established in this chapter, in addition for the
acquisition of lands, easements and/or development rights, to develop
any lands either acquired pursuant to this chapter or already owned
and maintained by the Township, for parks, recreational development,
redevelopment and improvement as may directed by the Township Council.
This shall include the development, redevelopment and improvement
of active and passive recreation areas owned by the Township.
The Township Council is hereby authorized by a majority vote
in accordance with N.J.S.A. 20:3-1 et seq., to acquire by eminent
domain properties purchased using funds from the Open Space Trust
Fund.
No property or interest in land acquired with funds from the
Open Space Trust Fund shall be leased, sold or otherwise disposed
of by the Township until the disposition has been authorized and approved
by the Township Council, after and in accordance with a binding public
referendum.
A plan should be prepared to identify facilities and sites to
be developed and redeveloped and/or improved as active or passive
recreation, which plan shall be periodically updated at the discretion
of the Mayor and Township Council.