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 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.
Notes
See: 38 N.J.R. 4929(a), 39 N.J.R. 2483(a).
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