[HISTORY: Adopted by the Township Committee of the Township of Washington 2-20-2018 by Ord. No. 2018-01. Amendments noted where applicable.]
Editor's Note: This ordinance also superseded former Ch. 26, Open Space Trust Fund, adopted 2-21-2017 by Ord. No. 2017-01.
There is hereby created a Washington Township Open Space Trust Fund, whose purposes are set forth below.
The purposes of the Washington Township Open Space Trust Fund are as follows:
To acquire/develop lands/properties within the Township for recreation (active and/or passive) and conservation purposes;
To assist in the preservation of farmland within the Township wherein there is a funding necessity, either through matching grants for farmland preservation/acquisition or through funding for the reservation of farming privileges and/or the acquisition of development rights as established by state law or the Warren County Board of Chosen Freeholders or their designees;
To preserve historic properties, either through direct acquisition or providing matching funding for grants and/or loans; and
The funding source for the Township Open Space Trust Fund shall be the establishment of a separate Township tax line item at an annual rate not to exceed $0.02 per $100 of ratables for each and every taxable property located within the Township. The rate shall be set every year by the Township Committee, by resolution, during the existence of the Township Open Space Trust Fund, no later than the meeting at which Township budget shall be introduced. The Township Chief Financial Officer, the Township Auditor, the Tax Collector and the Township Tax Assessor shall assist the Township Committee in the annual creation and collection of this open space tax.
The determination of how the Township Open Space Trust Fund shall be expended at anytime shall be at the sole discretion of the Township Committee and they shall be the final determiners of the allocation(s) of the Trust Fund during its existence.
The provisions for taxation to create and fund Open Space Trust Fund and the existence of the Township Open Space Trust Fund shall cease to exist at the close of business on December 31, 2019 unless the Township Committee extends the duration of this chapter by the close of business on December 31, 2018.