[Ord. No. 12-1343]
Whenever the developer within the Borough of Tinton Falls is
required by ordinance, statute or stipulation of the Planning Board
or Zoning Board of Adjustment to install sidewalks, the applicable
board may waive said sidewalk requirement at the request of the developer,
or on its own initiative.
[Ord. No. 12-1343]
Upon the granting of such a waiver, the developer shall be required
to pay to the Borough of Tinton Falls an amount equal to the reasonable
cost of installing said sidewalks, said amount to be determined by
the Borough Engineer upon submission and consideration of various
estimates and other documentation from the developer, other interested
parties and the office of the Borough Engineer itself, taking into
account factors such as the application of prevailing wage requirements
added to the Borough's construction costs.
[Ord. No. 12-1343]
All funds collected by the Borough of Tinton Falls from developers
as set forth above shall be maintained in a Sidewalk Capital Construction
Fund account which is hereby authorized and created, the proceeds
of which shall be made available to install sidewalks throughout the
Borough of Tinton Falls where properly authorized by the Mayor and
Council.
[Ord. No. 12-1343]
Nothing contained herein shall affect the right of the Borough
of Tinton Falls to enact ordinances requiring assessments for sidewalks
from property owners as authorized under N.J.S.A. 40:65-2, or other
statutory rights granted to municipalities.
