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(b) Upon identification to the Committee of the fee simple value negotiated with a landowner that is a government entity pursuant to 2:76-8.9, the Committee shall ensure compliance with the provisions of this subchapter and if all requirements are satisfied, grant final approval of the fee simple purchase of the land and all of its improvements subject to the following: |
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1. Available funds; |
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2. The provisions at 2:76-8.11; and |
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3. Execution of an agreement between the local government entity owning the fee simple interest and Committee. |
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HISTORY: |
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Recodified from 2:76-8.7 and amended by R.2007 d.197, effective July 2, 2007. |
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See: 38 N.J.R. 4929(a), 39 N.J.R. 2483(a). |
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Rewrote the section. |
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