N.J. Admin. Code § 2:76-11.9 - Negotiation of offer
(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
N.J.A.C. 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
N.J.A.C. 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 N.J.A.C. 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
N.J.A.C. 2:76-11.1 0.
Notes
See: 38 N.J.R. 4929(a), 39 N.J.R. 2483(a).
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.