The short title by which this chapter shall be known shall be the "Off-Tract
Improvement Ordinance of the Borough of Eatontown."
Where the Planning Board determines that off-tract improvements are
necessary for the proper development and utilization of the proposed site
or subdivision and the surrounding area, it may require either that such off-tract
improvements be installed or that the developer contribute to the installation
of such off-tract improvements. Where the Planning Board has determined that
off-tract improvements are required, it shall be a condition of the granting
of final approval that such improvements be constructed or that the developer
shall make payments toward the ultimate installation of off-tract gutters,
sidewalks, water mains, sanitary sewers, storm sewers, culverts, retention
basins, monuments and streetlights, all in accordance with the specifications
governing on-tract improvements.
Nothing in this section of the chapter shall preclude the municipality
from assessing any property benefiting from installation of any off-tract
improvements, as provided in this section, pursuant to the provisions of the
Revised Statutes of New Jersey, an allowance being made to the respective
parcels of realty for payments herein.
Before any developer effectively assigns any of his interest in any
preliminary or final approval he must notify the Administrative Secretary
and supply detailed information with regard to the name, address, principals,
type of organization, competency, experience and past performance of the assignee,
transferee or agent. Notice of such assignment or transfer shall be given
no later than 10 days after its effective date. The assignee must be made
acquainted with all the conditions of approval and the developer shall so
certify.