Source: https://ecode360.com/11264781
Timestamp: 2020-02-16 19:15:02
Document Index: 665517022

Matched Legal Cases: ['§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80', '§ 80']

Borough of North Arlington, NJ AFFORDABLE HOUSING
Ch 80 Art I Development Fees
§ 80-2 Use of fees.
§ 80-4 Residential development fees.
§ 80-5 Nonresidential development fees.
§ 80-6 Eligible exactions, ineligible exactions and exemptions.
§ 80-7 Collection of fees.
§ 80-8 Contested fees.
§ 80-9 Affordable Housing Trust Fund.
§ 80-10 Use of funds.
§ 80-11 Monitoring.
§ 80-12 Ongoing collection of fees.
Development Fees (§ 80-1 — § 80-12)
[Adopted 4-19-2006 by Ord. No. 1958]
The Borough of North Arlington shall not spend development fees until COAH has approved a plan for spending such fees and has received third-round substantive certification from COAH or a judgment of compliance.
When an increase in residential density pursuant to N.J.S.A. 40:55D-70d(5) (known as a "d" variance) has been permitted, developers may be required to pay a development fee of 6% of the equalized assessed value for each additional unit that may be realized. However, if the zoning on a site has changed during the two-year period preceding the filing of such a variance application, the density for the purposes of calculating the bonus development fee shall be the highest density permitted by right during the two-year period preceding the filing of the variance application.
Affordable housing developments shall be exempt from development fees. All other forms of new construction shall be subject to development fees, except as provided below.
Developers of retail, office or single-family lots shall be exempt from paying a development fee.
Fifty percent of the development fee will be collected at the time of issuance of the building permit. The remaining portion will be collected at the issuance of the certificate of occupancy. The developer shall be responsible for paying the difference between the fee calculated at the time of issuance of a building permit and that determined at issuance of the certificate of occupancy.
Imposed and collected development fees that are challenged shall be placed in an interest-bearing escrow account by the Borough of North Arlington. If all or a portion of the contested fees are returned to the developer, the accrued interest on the returned amount shall also be returned.
Within seven days from the opening of the trust fund account, the Borough of North Arlington shall provide COAH with written authorization, in the form of a three-party escrow agreement between the municipality, the official depository, and COAH, to permit COAH to direct the disbursement of the funds as provided in N.J.A.C. 5:94-6.16(b).
Funds shall not be expended to reimburse the Borough of North Arlington for past housing activities.
After subtracting development fees collected to finance an RCA, a rehabilitation program or a new construction project that are necessary to address the Borough of North Arlington affordable housing obligation, at least 30% of the balance remaining shall be used to provide affordability assistance to low- and moderate-income households in affordable units included in the municipal Fair Share Plan. One-third of the affordability assistance portion of development fees collected shall be used to provide affordability assistance to those households earning 30% or less of median income by region.
Affordability assistance to households earning 30% or less of median income may include buying down the cost of low- or moderate-income units in the third-round municipal Fair Share Plan to make them affordable to households earning 30% or less of median income. The use of development fees in this manner shall entitle the Borough of North Arlington to bonus credits pursuant to N.J.A.C. 5:94-4.22.
The Borough of North Arlington may contract with a private or public entity to administer any part of its Housing Element and Fair Share Plan, including the requirement for affordability assistance, in accordance with N.J.A.C. 5:94-7.
The Borough of North Arlington shall complete and return to COAH all monitoring forms included in the annual monitoring report related to the collection of development fees from residential and nonresidential developers, payments in lieu of constructing affordable units on site, and funds from the sale of units with extinguished controls, and the expenditure of revenues and implementation of the plan certified by COAH. All monitoring reports shall be completed on forms designed by COAH.
The ability of the Borough of North Arlington to impose, collect and expend development fees shall expire with its substantive certification or judgment of compliance unless the Borough of North Arlington has filed an adopted Housing Element and Fair Share Plan with COAH, has petitioned for substantive certification, and has received COAH's approval of its development fee ordinance. If the Borough of North Arlington fails to renew its ability to impose and collect development fees prior to the date of expiration of substantive certification or judgment of compliance, it may resume the imposition and collection of development fees only by complying with the requirements of N.J.A.C. 5:94-6. The Borough of North Arlington shall not impose a development fee on a development that receives preliminary or final approval after the expiration of its substantive certification or judgment of compliance, nor will the Borough of North Arlington retroactively impose a development fee on such a development. The Borough of North Arlington will not expend development fees after the expiration of its substantive certification or judgment of compliance.