[HISTORY: Adopted by the Borough Council of the Borough of Florham Park 2-21-2006 by Ord. No. 2-06.[1] Amendments noted where applicable.]
[1]
Editor's Note: This ordinance superseded former Ch. 166, Open Space and Recreation Land Acquisition, adopted 8-21-2001 by Ord No. 16-01.
The purpose of this chapter is to establish a minimum annual appropriation for open space and recreation land acquisition and associated costs, i.e., legal, appraisal, survey and engineering, in order to provide a guaranteed source of funds to match Green Acres funding.
A minimum amount of 0.005 on the tax rate shall be reflected as a line item in the Borough's annual budgets.
The line item budget appropriation shall be maintained for a period of 10 years from the effective date of this chapter.