It is the intent of this chapter to alleviate negative impacts from
development on essential services of the city and should not be construed
to replace existing zoning and planning laws of the city.
The moneys contained in said funds shall be expended by ordinance only
and used solely for meeting capital expenditures needed for additional fire
protection, public safety and recreation facilities in the City of Somers
Point as a direct result of new development in an effort to maintain present
rates.
Said negotiations shall be based on a per-unit price for each development
or as otherwise appropriately determined by the Council. Said fund shall be
paid to the city by the developer in addition to any other funds or municipal
improvements mandated by the Developmental Ordinance of the City of Somers
Point and deposited in the aforementioned trust funds.
The Mayor and Council shall have the final approval of such negotiations
before said negotiations shall be binding on the City of Somers Point. Said
approval shall not be capricious or otherwise arbitrary and shall be consistent
with other similar approvals.