Township of Washington, NJ
Gloucester County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Township Council of the Township of Washington as indicated in article histories. Amendments noted where applicable.]
GENERAL REFERENCES
Open Space Advisory Committee — See Ch. 51, Art. I.
[Adopted 3-25-1997 by Ord. No. 4-1997]
Pursuant to N.J.S.A. 40A:10-6, an Insurance Fund is hereby established for all purposes permitted by said statute.
Pursuant to N.J.S.A. 40A:10-8 there is hereby established an Insurance Fund Commission and the Mayor is hereby authorized and directed to appoint three officials of the local unit to serve as Insurance Commissioners and a person to serve as secretary to the Insurance Fund Commission.
[Adopted 2-15-2001 by Ord. No. 3-2001]
There is hereby established an account which shall be known and designated as the "Open Space Dedicated Trust Fund" which shall be maintained in accordance with N.J.S.A. 40A:4-1 et seq. and N.J.S.A. 40A:5-1 et seq.
A. 
Effective January 1, 2011, the Open Space Trust Fund shall be funded through the dedication to the fund of an amount of $0 per $100 of assessed valuation of the annual tax levy. Effective January 1, 2012, and every year thereafter, the Open Space Trust Fund shall be funded through the dedication to the fund of an amount of $0.02 per $100 of assessed valuation of the annual tax levy. The fund shall also be permitted to accept donations and testamentary bequests. Effective January 1, 2013, and every year thereafter, the Open Space Trust Fund shall be funded through the dedication to the fund of an amount of $0.01165 per $100 of assessed tax levy or the amount of debt service for the year, whichever is less. Effective January 1, 2018, and every year thereafter, the Open Space Trust Fund shall be funded through the dedication to the fund in the amount of $0.01 per $100 of the assessed tax levy.
[Amended 4-26-2011 by Ord. No. 8-2011; 5-22-2013 by Ord. No. 15-2013; 10-25-2017 by Ord. No. 29-2017]
B. 
The funds accumulated within the trust fund may be utilized for conservation purposes and for the acquisition of land or development rights in land for active and passive recreation including appraisals and other items of expense permitted by law in connection with the acquisition and maintenance of the property or as down payment for the issuance of bonds for the same purpose or as payment for the debt service on said bonds at the discretion of the Township Council. The Township Council is to determine the properties or development rights to be acquired by gift, purchase or eminent domain proceedings pursuant to N.J.S.A. 20:3-1 et seq. within the financial constraints it establishes.
No property acquired with these funds from the Open Space Trust Fund shall be leased or sold until the sale or lease of the same has been authorized by the Township Council subsequent to approval by referendum or as in the manner prescribed by law.