New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 76 - STATE AGRICULTURE DEVELOPMENT COMMITTEE
Subchapter 17A - MUNICIPAL PLANNING INCENTIVE GRANTS
Section 2:76-17A.13 - Final municipal review
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The municipality shall approve or disapprove the acquisition of a development easement on an eligible farm based on total available funding and provide the following to the Committee:
(b) Nothing in this subchapter shall be construed to require that any eligible farm in a project area shall receive a price per acre that is the same as any other eligible farm in that project area or that any eligible farm must be purchased with installment payments because other eligible farms in the project area are so purchased.
(c) No development easement shall be purchased at a price greater than the higher of the two independent appraised values determined pursuant to N.J.S.A. 4:1C-31.h.
(d) In the event that there are insufficient county, municipal, or other non-SADC funds to acquire development easements on all of the eligible farms, the municipality shall establish a priority ranking of farms pursuant to its ranking criteria and N.J.A.C. 2:76-6.10(a)1i and shall forward to the Committee requests for final approval only for those farms for which there is a sufficient local funding commitment.
(e) Copies of the municipal governing body's resolution, county governing body's resolution and the board's resolution approving the funding proposal and the purchase of the development easement shall be submitted to the Committee.