Current through Register Vol. 56, No. 24, December 18, 2024
Section 19:4-10.10 - Developer's agreement(a) The NJMC shall forward a copy of the Project Impact Assessment report, and any subsequent revisions, to the municipality in which the project is located.(b) The subject municipality shall have 30 days within which to review and provide comment(s) on the report. Such time period may be extended upon written consent of the property owner and/or applicant (hereafter, "the developer").(c) The developer of any project requiring an improvement pursuant to the results of the PIA where the total cost of required improvements is $ 50,000 or more, shall enter into a developer's agreement with the NJMC within 60 days of the issuance of a zoning certificate. An extension of this time period may be granted by the NJMC upon written request by the developer.(d) The developer shall agree to install the required improvements in accordance with the procedures required of a subdivider in N.J.A.C. 19:5-8.(e) Monetary contributions by the developer in lieu of construction of the required improvements shall be utilized by the recipient of the funds to mitigate the project's impacts in accordance with the approved mitigation plan pursuant to N.J.A.C. 19:4-10.4(a)15.N.J. Admin. Code § 19:4-10.10
Amended by R.2009 d.40, effective 1/20/2009.
See: 40 N.J.R. 4696(a), 41 N.J.R. 624(b).
In (a), substituted ", and any subsequent revisions," for "accepted and deemed complete by the NJMC"; in (b), inserted "/or"; in (c), substituted "with the NJMC" for a comma following "agreement", deleted "with the NJMC" following "certificate" and inserted the last sentence; and added (e).