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Mount Laurel Adds To Land List
Bank Of America Investment In its race against developers, the township has pursued more than a dozen properties on its Recreation and Open Space Plan list since 1998. With the support of voters, the Township Council has secured almost 400 acres slated for development. Currently, the council is in various stages of trying to acquire another 140 acres.
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Investment Opportunity Last week, the council added several properties to its list of potential preservation sites. Some of the additions, approved by resolution after a public hearing, were properties that developers have expressed interest in already.
In the past few years, Mount Laurel has bought about 335 acres of its land to be protected from development forever. As good as that news is, The township plans to continue buying land to preserve as open space. This is what the people in the community want, and this is what they will get, according to township officials.
Banc Of America Investment Others, said Township Manager Patricia Halbe, are commercial recreation properties. No one at the hearing opposed the amendments.
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Banking Investment Halbe said the commercial sites include International Sports Centre on Ark Road, Larchmont Swim Club on Larchmont Boulevard and the Mount Laurel Skating Rink, which is under construction on Fostertown Road.
The Township Council has authorized an engineering company to design a comprehensive network of trails through land now preserved as open space. In a unanimous vote, members of the council agreed to pay Schoor DePalma of Brick, Monmouth County, no more than $11, 500 to create a trail map that would span 10 preserved properties totaling several hundred acres. acre Trotter's Crossing tract on Walton Avenue, Mount Laurel Road, acre piece of land.
Investment Solution Strategic Halbe said the township is not looking to immediately buy any of those properties, but township officials felt it was important to have them listed in the plan.
Ramapo River Reserve, voted by the Sierra Club as the worst example of sprawl in New Jersey, was approved because local politicians claimed that they had to meet their obligations under the Mount Laurel law. However, not one of the hundreds of homes in Ramapo River Reserve is designated as affordable housing. The developer paid Oakland a certain amount to meet its Mount Laurel obligation, and Oakland shifted that money to another, more urban, town.
Investment Banking Services For example, the township might target the swim club, which is zoned residential, if the owners ever decided to sell to developers, or one of the other commercial sites if it should go out of business.
Bank Investment "In that case, we would want to protect ourselves so that we don't have a vacant site," Halbe said. "We are always looking to enhance recreation."
Alternative Investment In order to be eligible for county and state preservation grants, sites must be listed on a municipal open-space plan. Because the properties are recreation sites, they are eligible for grants, Halbe said.
Online Investment Services "If we ever wanted to pursue any of those properties in the future, they need to be on the plan," Halbe said. "We cannot apply for funding through the state or county if they are not there. We want to maximize our dollars, and we can do that through grants."
Accompany Essential Investment The township's dedicated open-space tax helps to fund land acquisitions.
Investment Company Voters supported the creation of the special tax in 1998 and have since overwhelmingly voted on two occasions to increase the tax to finance more preservation.
Investment Management Solution The current tax rate is 8 cents per $100 of assessed value, or $108 a year for the owner of a home assessed at the township average of $136,300.
Investment Management Services The Recreation and Open Space Plan also was amended to include properties previously targeted by developers, including land along Hartford Road, Halbe said.
Guide Investment Stock In some cases, property owners have requested that the township consider their land for preservation because they did not want to sell to developers, she said.
Investment Manual Solution By Danielle Delfin
Burlington County Times - 12/10/2002
Topic: Less Sprawl
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