New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTION
Chapter 36 - GREEN ACRES PROGRAM
Subchapter 24 - NONPROFIT DEVELOPMENT PROJECT: PROJECT AGREEMENT, BID PROCEDURES, SUPPLEMENTAL FUNDING, CONSTRUCTION REQUIREMENTS, SITE INSPECTIONS, DISBURSEMENT OF MATCHING GRANT, PROJECT CLOSEOUT, ACCOUNTING AND RECORDKEEPING
Section 7:36-24.1 - Project agreement
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Each Green Acres development project shall have a project agreement, which shall be executed by the nonprofit and the Department. The project agreement shall set out the rights and responsibilities of the nonprofit and the Department in regards to the development project and shall contain all information identified in (c) below.
(b) Green Acres shall send the project agreement to the nonprofit for approval and signature after the funding award made under 7:36-23.3(b) has received legislative appropriation. The nonprofit shall ensure that the project agreement is approved and signed by the nonprofit's attorney, and executed by the person authorized under the resolution described at 7:36-22.4(a)2 or an updated resolution submitted by the nonprofit.
(c) The project agreement shall contain:
(d) The nonprofit shall return the signed project agreement to Green Acres.
(e) Upon receipt of the project agreement executed in accordance with (b) above, the Department shall establish an account from which Green Acres shall disburse the matching grant.
(f) After the project agreement has been fully executed by the State, Green Acres shall send to the nonprofit a copy of the fully executed project agreement and a Development Payment Request form that the nonprofit shall use to request a disbursement of funds under 7:36-24.5.
(g) The nonprofit shall record and return to Green Acres the conservation restriction or historic preservation restriction, as applicable, contained in the project agreement as required under 7:36-24.5(e).
(h) Green Acres may extend the project period established in the project agreement upon request, if the nonprofit demonstrates that it is making a good faith effort to complete the project in an expeditious manner.
(i) The Department and the nonprofit shall execute an amendment to the project agreement to reflect any supplemental funding provided under 7:36-24.3.
(j) In addition to any other rights or remedies available to the Department under law, if the nonprofit does not comply with any of the requirements of the project agreement; the conservation restriction and/or historic preservation restriction, as applicable, required under (c)4iii above; this chapter; or the Green Acres laws, or if the nonprofit makes any material misrepresentation in the project application and/or the documentation submitted in support of the application, the Department may take any of the following actions:
(k) If the nonprofit fails to comply with any of the terms of the project agreement; the conservation restriction and/or historic preservation restriction, as applicable, required under (c)4iii above; this chapter; or the Green Acres laws, the Department may initiate suit for injunctive relief or to seek specific enforcement, without posting bond, it being acknowledged that any actual or threatened failure to comply will cause irreparable harm to the State and that money damages will not provide an adequate remedy.
(l) If the Department incurs legal or other expenses, including its own personnel expenses, for the collection of payments due or in the enforcement or performance of any of the nonprofit's obligations under the project agreement; the conservation restriction and/or historic preservation restriction, as applicable, required under (c)4iii above; this chapter; or the Green Acres laws, the nonprofit shall pay these expenses on demand by the Department.
(m) The Department is not required to mitigate any damages to the nonprofit resulting from the nonprofit's noncompliance with the terms of the project agreement; the conservation restriction and/or historic preservation restriction, as applicable, required under (c)4iii above; this chapter; or the Green Acres laws.