[Adopted by Ord. No. 17-81; amended by Ord. No.
1990-17 (Sec. 12-3 of the 1987 Revised General Ordinances)]
The Rent Leveling Board of the Borough of Red Bank has been
authorized and instructed to administer the provisions of the Senior
Citizens and Disabled Protected Tenancy Act, Chapter 226 of the Laws
of New Jersey 1981.[1] The Rent Leveling Board of the Borough of Red Bank has
been instructed to report to the Mayor and Council within 30 days,
its recommendations as to the fees which should be charged to owners
seeking to convert properties to condominiums or cooperatives as provided
in Section 16 of the Act.[2] Until such time as the Rent Leveling Board has submitted
its recommendations and the Mayor and Council have had an opportunity
to act thereon, it is necessary to establish interim fees for the
processing of notices and applications and to otherwise administer
the provisions of the Senior Citizens and Disabled Protected Tenancy
Act.
The following fee structure is provided to cover the costs of
the services to be provided by the Borough under the provisions of
the Senior Citizens and Disabled Protected Tenancy Act and are to
be paid by the owners of the properties sought to be converted to
condominiums or cooperatives at the time such owners take steps to
invoke the services of the Borough under the Senior Citizens and Disabled
Protected Tenancy Act:
