Example: Based on a Ten-Acre Tract
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1.
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Permitted floor area on a ten-acre tract in
the CC Community Commercial Zone WITHOUT development credits = 52,272
square feet.
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One acre = 43,560 square feet. 10 acres = 435,600
square feet.
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Maximum permitted floor area ratio (FAR) in
Community Commercial Zone without development credits = .12
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.12 x 435,600 sq. ft. = 52,272 square feet.
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2.
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Permitted floor area on a ten-acre tract in
the CC Community Commercial Zone WITH development credits = 78,408
square feet.
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One acre = 43,560 square feet. 10 acres = 435,600
square feet.
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Maximum permitted floor area ratio (FAR) in
Community Commercial Zone with development credits =. 18
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.18 x 435,600 sq. ft. = 78,408 square feet.
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3.
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Permitted floor area on a ten-acre tract in
the CC Community Commercial Zone with THREE DEVELOPMENT CREDITS =
74,772 square feet.
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One development credit = 7,500 square feet
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Three development credits = 22,500 square feet
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Permitted floor area on a ten-acre tract in
the CC Community Commercial Zone WITHOUT development credits = 52,272
square feet.
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52,272 sq. ft. + 22,500 sq. ft. = 74,772 square
feet
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4.
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Permitted floor area on a ten-acre tract in
the CC Community Commercial Zone with ONE DEVELOPMENT CREDIT = 59,772
square feet.
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One development credit = 7,500 square feet
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Permitted floor area on a ten-acre tract in
the CC Community Commercial Zone - WITHOUT development credits = 52,272
square feet.
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52,272 sq. ft. + 7,500 sq. ft. = 59,772 square
feet
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5.
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Floor area on a ten-acre tract in the CC Community
Commercial Zone with FOUR DEVELOPMENT CREDITS = 82,272 square feet.
REQUIRES USE VARIANCE. See N.J.S.A. 40:55D-70d(4).
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One development credit = 7,500 square feet
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Four development credits = 30,000 square feet
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Permitted floor area on a ten-acre tract in
the CC Community Commercial Zone WITHOUT development credits = 52,272
square feet.
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52,272 sq. ft. + 30,000 sq. ft. = 82,272 square
feet
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Maximum permitted floor area in Community Commercial
Zone with development credits = 78,408 square feet.
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82,272 square feet is greater than 78,408 square
feet. USE VARIANCE REQUIRED per N.J.S.A. 40:55D-70d(4).
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6.
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Development credits shall not be transferred
until:
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a.
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The Land Development Board determines the number
of development credits attributable to the portion of the lot that
lies within the five-hundred-foot Route No. 206 Viewshed Corridor.
Applications to determine such number shall be deemed applications
for minor subdivision approval.
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b.
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Only those lands not previously restricted from
development may transfer development potential.
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c.
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Land whose development potential is being transferred
shall be deed restricted either to those uses permitted by the state’s
farmland preservation program or deeded to a land trust or other suitable
entity for conservation.
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d.
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Deed restrictions and transaction instruments
must be reviewed and approved by the Township and Land Development
Board Solicitor prior to recording.
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e.
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The development potential transfer shall occur
at the time the approved instruments are recorded.
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