[Amended 8-1-2022 by Ord. No. 2022-05]
All terms used in Chapter
95 shall have the meanings set forth in §
203-91 of the Township Code.
Woolwich Township shall complete and return
to COAH all monitoring forms included in monitoring requirements related
to the collection of development fees from residential and nonresidential
developers, payments in lieu of constructing affordable units on site,
funds from the sale of units with extinguished controls, barrier-free
escrow funds, rental income, repayments from affordable housing program
loans, and any other funds collected in connection with Woolwich Township's
housing program, as well as to the expenditure of revenues and implementation
of the plan certified by COAH or approved by the court. All monitoring
reports shall be completed on forms designed by COAH.
The ability for Woolwich Township to impose,
collect and expend development fees shall expire with its judgment
of compliance unless Woolwich Township has filed an adopted Housing
Element and Fair Share Plan with COAH, has petitioned for substantive
certification, and has received COAH's approval of its development
fee ordinance. If Woolwich Township fails to renew its ability to
impose and collect development fees prior to the expiration of the
judgment of compliance, it may be subject to forfeiture of any or
all funds remaining within its municipal trust fund. Any funds so
forfeited shall be deposited into the New Jersey Affordable Housing
Trust Fund established pursuant to Section 20 of P.L. 1985, c.222
(N.J.S.A. 52:27D-320). Woolwich Township shall not impose a residential
development fee on a development that receives preliminary or final
site plan approval after the expiration of its judgment of compliance,
nor shall Woolwich Township retroactively impose a development fee
on such a development. Woolwich Township shall not expend development
fees after the expiration of its judgment of compliance.