Source: https://ecode360.com/14154562
Timestamp: 2019-10-18 01:59:18
Document Index: 286797477

Matched Legal Cases: ['§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24', '§ 24']

Township of Liberty, NJ Open Space, Recreation and Farmland and Historic Preservation Trust Fund
§ 24A-1 Annual levy.
§ 24A-2 Creation of account.
§ 24A-3 Interest and earned income.
§ 24A-4 Separate funds.
§ 24A-5 Amendments.
§ 24A-6 Decisions responsibility of Township Committee.
§ 24A-7 Rights and powers.
Chapter 24A Open Space, Recreation and Farmland and Historic Preservation Trust Fund
[HISTORY: Adopted by the Township Committee of the Township of Liberty 4-1-2004 by Ord. No. 04-02. Amendments noted where applicable.]
Open Space Advisory Committee — See Ch. 24.
An annual levy not to exceed $0.02 per $100 shall be assessed against all real property within the Township of Liberty.
A separate account will be created to be known as the Liberty Township "Open Space, Recreation and Farmland and Historic Preservation Trust Fund" for deposit of revenues to be expended for each of the purposes specified in the proposition, namely:
Acquiring land for preservation as open space.
To provide for outdoor recreation.
To preserve farmland.
To assist in the acquisition of the same.
Any interest or income earned on monies deposited in the Liberty Township Open Space, Recreation and Farmland and Historic Preservation Trust Fund shall be credited to the fund to be used for the same purposes as the principal.
Separate funds may be created for each purpose.
This chapter may be amended as provided by N.J.S.A. 40:12-15.7(d) or pursuant to N.J.S.A. 40:12-15.7(e) upon petition to the governing body signed by voters of the Township of Liberty equal to at least 15% of the votes cast therein in the last preceding general election, to be filed with the governing body at least 90 days before a general or special election.
All decisions concerning the purchase and management of real estate or an interest therein shall be solely the responsibility of the Township Committee. The Township Committee may, at its discretion, appoint an advisory panel to assist them in making these decisions. However, all decisions relative to the Open Space, Recreation Farmland and Historic Preservation Trust Fund shall be solely that of the Township Committee.
The Township Committee shall have all the rights and powers granted by N.J.S.A. 40:12-15.9, as it exists today and as it may be amended, to deal with lands acquired and held in trust and dealing with the use, conveyance and deposits of any proceeds of any conveyance.