N.J. Admin. Code § 7:70-4.1

Current through Register Vol. 56, No. 23, December 2, 2024

Section 7:70-4.1 - Application contents and completeness reviews

(a) An application for the Highlands Development Credit Purchase Program shall include the following:

1. Owner's name and address;

2. Tax block(s) and lot(s);

3. Street address;

4. Completed and signed HDC certificate application with relevant attachments which include the following information:

i. The applicant's name and mailing address;

ii. The property owner's name and address, if different from the applicant's, and a signed consent to the filing of the application;

iii. A copy of the deed to the property to which highlands development credits are allocated;

iv. The municipal tax block and lot number and a copy of the municipal tax map sheet(s) showing the property to which highlands development credits are allocated;

v. An HDC allocation letter from the Highlands Council attesting to the number of highlands development credits allocated to the property;

vi. A title search, by a duly licensed title insurance producer, of the property to which highlands development credits are allocated which covers at least the 60 years preceding the date of application;

vii. A certification from the property owner that he or she has marketable title to the property to which highlands development credits are allocated and is legally empowered to restrict the use of this property;

viii. A copy of a draft conservation restriction on the deed to the property agreed to by the applicant that is in accordance with the conservation restriction adopted by the Highlands Council; and

ix. Such other information as the Executive Director may determine is necessary in order to issue a highlands development credit certificate.

(b) Completeness reviews of applications shall be performed as follows:

1. The Executive Director shall conduct a completeness review for each application and shall deem it complete upon receipt of all information required in (a) above. The Executive Director shall provide written notice to the applicant when an application is deemed complete.

2. If the application is not deemed complete, the Executive Director shall provide written notice to the applicant, who shall have 60 days after notification of an incomplete application to provide any missing information to complete the application.

3. The Executive Director may provide an additional 60-day extension to provide the necessary information where deemed appropriate by the specific conditions of the application.

N.J. Admin. Code § 7:70-4.1

Adopted by 48 N.J.R. 631(a), effective 4/18/2016