The Environmental Commission may recommend to the Borough Council the acquisition of property, both real and personal, to the Borough of Florham Park, by gift, purchase, grant, bequest, devise or lease, for any of its purposes; and shall administer the same for such purposes, subject to the terms of the conveyance or gift. Such an acquisition may be to acquire the fee or any lesser interest, development right, easement (including conservation easement), covenant or other contractual right (including a conveyance on conditions or with limitations or reversions) as may be necessary to acquire, maintain, improve, protect, limit the future use of or otherwise conserve and properly utilize open spaces and other land and water areas in the Borough of Florham Park.