Extension of Nonresidential Development Fee Moratorium On August 24, 2011 Acting New Jersey Governor Kim Guadagno signed into law legislation which extends the moratorium on requiring developers to pay a nonresidential development fee to those projects which obtain final approval prior to July 1, 2013 provided a construction permit is issued before January 1, 2015. As […]
AFFORDABLE HOUSING IN NEW JERSEY We are waiting for the New Jersey Assembly to act on the Senate Bill which will abolish the New Jersey Council on Affordable Housing (COAH). Perhaps one of the only silver linings that comes out of this recession and the slow down of residential development, is the fact that hardly […]
On May 7, 2009 the New Jersey Legislature signed the Site Remediation Reform Act (SRRA) which serves to dramatically change the manner in which parties remediate environmentally contaminated sites throughout the state. The legislation now places the responsibility of remediation squarely on private environmental consultants known as Licensed Site Remediation Professionals (LSRP). The intent […]
While Awaiting Congressional Reauthorization, Property Owners Located In Flood Prone Areas May Be Left Unprotected As Hurricane Season Approaches Insurance companies issue flood policies as part of the National Flood Insurance Program (NFIP) run by the Federal Emergency Management Agency (FEMA). The NFIP operates under authority from Congress that has to be renewed periodically. While […]
Time of Decision Or Not Time Of Decision? That Is The Question By: Stuart D. Liebman Members of the land use and development community here in New Jersey are waiting anxiously to see whether or not our new Governor, Chris Christie, signs the Bill that was recently sent to the Governor’s desk after being […]
On September 6, 2008 then Governor Corzine enacted The New Jersey Permit Extension Act (the “Act”) in an effort to combat the impact these trying times have had on real estate development throughout the state. The purpose of the Act is to prevent a permit from expiring before the economy provides a conducive environment for […]
Mahwah Considering “Opting In” to Highlands. At a recent meeting of the Mayor and Council, a straw poll vote indicated strong movement by the governing body toward “opting in” to the Highlands Preservation Zone mandates. Portions of Mahwah north and west of the Ramapo River are already in the Highlands Perseveration District. The remaining […]
Just last summer, the statewide Nonresidential Development Fee Act was enacted on July 17, 2008. The Act pre-empted any municipal affordable housing or “COAH” fee ordinance and mandated that any nonresidential development be assessed a fee equaling 2.5% of the equalized assessed value of the improvements and land of the new development (the “2.5% Fee”). […]