[Amended by Ord. No. 07-25]
There is established an account in the general capital fund
which should be noted and designated as the reserve for open space
funds. Subject to approval by the Township Committee, funds from the
reserve for open space funds may be utilized to acquire any type of
interests in real property, including, not by way of limitation, fee
simple acquisitions, easements, development acquisition and preservation,
and such other purposes as set forth in N.J.S.A. 40:12-15.7a(1)(a)
to (f), as may be amended from time to time. The acquisition of land
shall mean undeveloped land as well as land containing improvements
at the time of acquisition, provided the principal purpose of the
acquisition is to preserve open space. The Township Committee shall
have the option of either paying for land acquisitions with improvements
upon them solely through the reserve for open space funds or by apportioning
the cost thereof by charging the reserve for open space funds for
the land portions and the capital account for the improvement portion.
Acquisition may also occur via gift, purchase or by eminent domain
proceedings pursuant to N.J.S.A. 20:3-1 et seq.
[Amended by Ord. No. 08-7; Ord. No. 2016-25; 12-17-2019 by Ord. No.
19-36]
A. In 1997,
a special tax rate shall be added to the total Township tax rate in
the amount of $0.02 per $100 of the 1997 assessed valuation and each
succeeding year's valuation with the funds raised therefrom to be
deposited in the reserve for open space funds. The special tax rate
shall remain the applicable tax rate to be applied for the reserve
for open space funds in succeeding years. Effective in the year 2008,
the Township amended the special tax rate to $0.015 of said assessed
valuation. Effective in the year 2017 through 2022, the Township amended
the special tax rate to between $0.015 and $0.008 of said assessed
valuation. Effective in the year 2022, the Township amended the special
tax rate to $0.01 per $100 of said assessed valuation. Effective in
the year 2024 and each succeeding year thereafter, the special tax
rate shall be $0.02 per $100 of said assessed valuation.
[Amended 12-21-2021 by Ord. No. 21-24; 3-19-2024 by Ord. No. 24-5]
B. The special
tax rate shall remain the applicable tax rate to be applied for the
reserve for open space funds in succeeding years. The Chief Financial
Officer of the Township shall report annually as to the fund's status,
balances and transactions.
C. The reserve for open space funds shall also be permitted to accept donations and testamentary bequests. The funds accumulated within the reserve for open space funds shall be utilized for the acquisition of real estate and interests in real estate as more fully delineated in §
106-1. In connection with such acquisition, the funds may also be utilized for appraisals and other items of expense permitted by law in connection with the acquisition or as a down payment for the issuance of bonds or for debt service for the same purpose at the discretion of the Township Committee. Any and all interest accruing on the funds shall remain in the reserve for open space funds and may be utilized for the above-described purposes. In no eventuality shall the Township pay more than fair market value for the land to be acquired. The Township shall obtain a minimum of two appraisals from certified appraisers plus the evaluation of the Township Tax Assessor as a guide to the fair market value.
The land acquired through the reserve for open space funds shall
be utilized for all categories of open space, including parks, passive
and active recreational areas, greenways, wildlife habitats, and preservation
of farm land, with the concept of preserving open space.
No real property or the interest therein acquired with funds
from the reserve for open space funds shall be sold, conveyed, leased
or otherwise alienated unless it is needed for another public use
or otherwise furthers the purposes of the trust. If such a sale, lease
or conveyance is authorized by the Township Committee, the moneys
received shall be placed into the reserve for open space funds for
use in replacing the open space with another property or similar interest
in real estate. The deed of any property acquired with funds from
the reserve for open space funds shall contain a specific notation
reflecting that the property was acquired with funds from the reserve
for open space funds.
[Amended by Ord. No. 01-42; Ord. No. 06-32; Ord. No. 11-22; Ord. No. 2016-25; 12-21-2021 by Ord.
No. 21-24; 3-19-2024 by Ord. No. 24-5]
This chapter shall be effective for a limited period to and
until December 31, 2026, at which time this chapter shall terminate
and be repealed, unless prior thereto the Township Committee conducts
a public review of the open space acquisition and funding program
and the Township Committee amends this chapter to extend its lifespan.