[Amended 12-4-2006 by Ord. No. 16-06; 12-20-2018 by Ord. No. 10-18]
There is hereby established an Open Space Committee which shall consist of seven members plus two alternates appointed by the Mayor with the advice and consent of the Borough Council and pursuant to §
15-2A. The members' terms and powers are hereinafter set forth.
The Open Space Committee shall hold public meetings,
which public meetings shall be held in accordance with the Open Public
Meetings Act, and the Committee shall give appropriate notification
of said meetings.
The Open Space Committee shall select from among
its members a Chairman and a Vice Chairman to serve as the presiding
officer in the absence of the Chairman. The Committee shall also select
a Secretary whose function shall be to maintain minutes of the Committee's
meetings and records of the proceedings of the Committee.
The Open Space Committee shall hold its initial
organization meeting shortly after this chapter takes effect.
[Amended 4-12-2023 by Ord. No. 02-2023]
A. There is hereby established the "Open Space Trust
Fund" (hereinafter the "Trust Fund"). A separate bank account shall
be opened and maintained for this purpose. Funds from the Trust Fund
may, as directed by the Borough Council, be utilized to acquire vacant
land, as well as land which has improvements upon it at the time of
acquisition where the purpose of the acquisition is for recreation
and conservation purposes, for farmland preservation or for historic
preservation purposes. In the event that the Borough Council shall
find it appropriate to apportion the cost of acquisition between land
and improvements, it may do so and charge the Trust Fund for the approximate
value that it deems appropriate relative to land and the Borough's
capital account for the value that it determines shall be attributed
to improvements. The Trust Fund may also, as directed by the Borough
Council, be used for the development and/or maintenance of lands acquired
for recreation or conservation purposes, for the historic preservation
or acquisition of historic properties, structures, facilities, sites,
areas or objects and/or for the payment of debt service on indebtedness
issued or incurred by the Borough for any of the above purposes except
for the maintenance of lands acquired for recreation and conservation
purposes.
B. The Trust Fund shall be funded through the dedication
to the fund of an amount not to exceed $0.02 per $100 of assessed
valuation of each annual tax levy. The Trust Fund shall also be permitted
to accept donations and testamentary bequests. The funds accumulated
within the Trust Fund may be utilized for the acquisition of land
or development rights in land or as a down payment for the issuance
of bonds for the same purpose or for any other purpose established
herein at the discretion of the Borough Council. Any and all interest
accruing shall remain in the Trust Fund and may be utilized for the
above-described purposes.
No property acquired with funds from the Trust
Fund shall be leased or sold until the sale or lease of the same has
been authorized by binding public referendum and by an ordinance adopted
by the Borough Council and provided that the Borough Council shall
replace any land conveyed under this section with land of at least
equal fair market value and of reasonably equivalent usefulness, size,
quality and location to the land conveyed. Any monies derived from
the conveyance shall be deposited into the Trust Fund and used for
the purposes authorized by this section. Any such conveyance shall
be made in the manner prescribed by law.