[Added 2-8-2022 by Ord.
No. 2022-02]
Pursuant to the provisions of N.J.S.A. 40:12-15.7, there is
hereby authorized and established a specific and dedicated tax to
be assessed and paid on all taxable property in the Township. The
monies collected pursuant to such specific and dedicated tax will
be used specifically and solely for those purposes set forth herein.
[Added 2-8-2022 by Ord.
No. 2022-02]
There is hereby created the Holmdel Open Space, Recreation,
Floodplain Protection, Farmland, and Historic Preservation Trust Fund
(hereafter "Trust Fund"), to be administered by the Chief Financial
Officer of the Township of Holmdel, subject to the provisions of the
within chapter, which Trust Fund shall have deposited in it the special
assessment of $0.035 per $100 of assessed property valuation.
[Added 2-8-2022 by Ord.
No. 2022-02]
In accordance with N.J.S.A. 40:12-15.7(a), the funds accumulated
within the Trust Fund shall be expended for any or all of the following
purposes, or any combination thereof, as determined by the governing
body:
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.
Acquisition of farmland for farmland preservation purposes;
e.
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;
g.
Blue Acres projects.
[Added 2-8-2022 by Ord.
No. 2022-02]
The Township Chief Financial Officer shall establish the Trust
Fund in a manner perpetually to keep separate and apart from all other
Township budgeted items all costs in connection therewith and all
funds collected pursuant hereto.
[Added 2-8-2022 by Ord.
No. 2022-02]
The Chief Financial Officer, together with the Tax Assessor
and Tax Collector, shall cooperate as necessary and convenient for
the administration of the Trust Fund, including, but not limited to,
creation of a separate line item on the municipal tax bills forwarded
to all taxpayers, identifying the Trust Fund as follows: "Holmdel
Open Space, Recreation, Floodplain Protection, Farmland and Historic
Preservation Trust Fund Tax" and inserting opposite such separate
line item the amount to be collected for such fund as calculated pursuant
to the said $0.035 per $100 of assessed valuation, as most recently
approved by the voters at referendum conducted on November 2, 2021.
[Added 2-8-2022 by Ord.
No. 2022-02]
In the event the Township of Holmdel shall become the beneficiary,
by way of gift, federal or state grant or other funding sources of
any lands or unrestricted funds, such lands and/or funds may, at the
discretion of the Township Committee, be deposited in the Trust Fund,
in the case of monies, or placed upon the Trust Fund's register
or open lands, as the case may be.
[Added 2-8-2022 by Ord.
No. 2022-02]
It is the intention of this article to comply with all applicable
state and federal programs governing the acquisition of lands for
active or passive recreational and like purposes.
[Added 2-8-2022 by Ord.
No. 2022-02]
All lands acquired through the program herein authorized shall
be set aside and dedicated for such corresponding purposes and all
deeds and other applicable documents shall so indicate.
[Added 2-8-2022 by Ord.
No. 2022-02]
All decisions respecting the acquisition and payment of such
lands shall be the determination of the Township Committee, subject
to applicable state and federal regulations.
[Added 2-8-2022 by Ord.
No. 2022-02]
The Chief Financial Officer, Tax Assessor, and Tax Collector
are hereby authorized and directed to take any and all steps necessary
to implement the provisions of this article.
