All funds collected as contribution in lieu of replanting trees shall
be made out to the "Borough of Spotswood - Tree Fund" and deposited
into an escrow account clearly designated as the "Spotswood Tree Fund."
Funds so deposited shall be used solely for the following purposes:
Park improvements, including landscape improvements, tree protection
elements including mulch, retaining walls, tree and landscape irrigation
systems, tree observation benches, tree protection guardrails, landscape
lighting, site lighting (excluding sport event lighting) pathways;
provided, however, that at no time shall more than 30% of the outstanding
account balance on an annual basis be utilized for such park improvements.
The Spotswood Tree Fund shall be administered by the Business Administrator,
Director of Public Works and Chief Financial Officer. The Chief Financial
Officer shall report (listing by date for the report period) to the
Borough Council, the Planning Board, and the Business Administrator,
on an annual basis, the amount in the Fund, the amount deposited by
each development application or other contribution, and all amounts
dedicated from the Fund for use for the purposes described above for
that year. Such reports for any period shall be filed with the Borough
Clerk and made available as a public record to residents who request
them in writing pursuant to the Open Public Records Act.
Any and all appropriations from the Spotswood Tree Fund shall be
made by the Borough Council of the Borough of Spotswood, upon the
request of the Business Administrator.
In accordance with § 120-603, Section G, the fee for contribution in lieu of replanting trees associated with a development application shall be $150 per tree. This fee may be adjusted by resolution of the Borough Council. Said fee shall be cross referenced in Chapter 91, Fees, adding Article VIII, Tree Fund.