New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 76 - STATE AGRICULTURE DEVELOPMENT COMMITTEE
Subchapter 11 - COMMITTEE ACQUISITION OF FARMLAND DEVELOPMENT EASEMENTS
Section 2:76-11.9 - Negotiation of offer
Universal Citation: NJ Admin Code 2:76-11.9
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The Committee shall authorize staff to negotiate the purchase of a development easement with the owner not to exceed the certified market value of the development easement certified by the Committee pursuant to 2:76-11.8.
1. A landowner may voluntarily accept a
development easement value that is less than the lowest market value of the
development easement as determined pursuant to
2:76-11.8.
2. In the event that the development easement is
owned by a governmental entity, the Committee's offer for the purchase of the
development easement shall not exceed the Committee's cost share determined pursuant
to 2:76-6.1 1(d).
(b) Upon the owner's acceptance of a development easement value, the Committee shall conduct a final review pursuant to 2:76-11.1 0.
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