There is hereby established an Open Space Advisory Committee
of the Borough of Barnegat Light.
The Open Space Advisory Committee shall:
A. Study and determine the existence of open space properties within
the Borough;
B. Make recommendations to the Borough Council as to those properties
which it has determined meet the criteria for possible acquisition,
whether in fee, by easement, by means of development rights, or by
other means;
C. Prepare an open space plan which shall be submitted to the Borough
Council on an annual basis; the plan shall contain an updated inventory
of open space properties and shall include recommendations for the
acquisition or preservation of certain lands within the Borough;
D. Perform such other advisory duties as are requested by the Mayor
and Borough Council.
There is hereby established a reserve in the Borough's
general capital fund which shall be known and designated as the "Open
Space Conservation Trust Fund."
The Open Space Conservation Trust Fund shall be funded through
the collection of local property taxes in the amount of an additional
one cent per hundred dollars of assessed value on the annual local
property tax levy, as approved by voter referendum in the November
2008 general election. Donations and testamentary bequests made for
the purposes enumerated in N.J.S.A. 40:12-15.7 shall also be deposited
in this fund.
Funds from the Open Space Conservation Trust Fund account may
be used, as directed by the Mayor and Borough Council, solely for
the purchase, including all costs and expenses associated therewith,
of property rights within the Borough of Barnegat Light, including
but not by way of limitation, fee simple acquisitions, easements,
development rights, or any other lesser interest in real estate which
will further the goals of:
A. Acquisition of lands for recreation and conservation purposes;
B. Development of lands acquired for recreation and conservation purposes;
C. Maintenance of lands acquired for recreation and conservation purposes;
D. Historic preservation of historic properties, structures, facilities,
sites, areas, or objects, and the acquisition of such properties,
structures, facilities, sites, areas, or objects for historic preservation
purposes; and
E. Payment of debt service on indebtedness issued or incurred by a municipality
for any of the purposes set forth in this section.
Any property rights acquired through or with the use of the
Open Space Conservation Trust Fund shall not be sold or conveyed by
the Borough unless or until authorized by subsequent public referendum
of the voters of the Borough of Barnegat Light, as provided by law.