The NRPC Option may be permitted in the R-40 District alone, the A District alone or the A and RR3 and RR5 combination districts, provided that the requirements set forth below are met:
A. The tract shall be under one ownership or controlled by the applicant for purposes of obtaining all required development approvals and committing the tract to the regulations of the NRPC District.
B. All contiguous or noncontiguous tracts shall have an aggregate area of not less than 40 acres, which acreage may be reduced to 10 acres if the resulting preservation area will adjoin another preservation area or land of similar nature that has been protected in a similar manner.
C. At least 40% of the tract shall be a preservation area.
(1) The preservation area shall contain two or more of the following natural resource features:
(a) Heavily wooded and forested areas, hedgerows, significant stands of trees or individual trees of significant size;
(b) Natural wildlife habitats;
(c) Streams, stream corridors, headwaters of streams, wetlands, flood hazard areas, ponds or lakes;
(d) Rock outcroppings, including the bluffs or cliffs along the Delaware & Raritan Canal;
(e) Frontage along the Delaware & Raritan State Park and Canal Road;
(f) Historic structures, sites, villages or districts;
(g) Frontage along any existing or proposed reservoir and all reservoir owned acreage;
(h) Farmland and recently cultivated farm fields, including typical farm field features such as hedgerows and tree stands.
(2) It may also include a dedication of land as identified in the Master Plan for public use.
D. Dwelling units within the cluster development may be serviced by individual wells and septic systems, provided the minimum lot size is equal to or greater than two acres.
E. Dwelling units within the cluster development may also be serviced by public sewer and public water utilities.
F. The applicant shall submit with its application a yield map demonstrating that under the lot size requirements particular to the zone, the applicant at issue, would otherwise be entitled to approval for the number of units sought for the cluster development without resort to variances or other waivers or design modifications such as wetland buffer averaging. In applications for development of noncontiguous tracts, individual tracts may include more housing units than allowed by zone density, within allowable overall density for the total development, solely at the discretion of the Planning Board for the purpose of preservation and a coordinated plan of development.
G. The applicant shall submit a commitment in the form of a letter of intent to create a financial endowment to the Township for the preservation area under a formula determined by the Township for the costs of upkeep and maintenance by the Township of that specific on-tract open space.