Page 10 of 35
WHEREAS, in 2001, the voters of the Township of Jackson approved the creation and funding of a Jackson Open Space Trust Fund pursuant to N.J.S.A. 40:12-15.7, etseq., and authorized a collection rate of up to 1.5 cents per 100.00 of equalized valuation; and
WHEREAS, in 2004, the registered voters of the Township of Jackson voted to approve an increase in the open space tax to provide for an additional 1.5 cents per $100.00 of assessed valuation for a total of 3 cents per $100.00 of assessed property valuation to be dedicated to the Township’s Open Space Trust Fund; and
WHEREAS,thereafter, pursuant to Ordinance 03-10, the Township of Jackson reduced the amount of the open space tax to 2.0 cents per $100.00 of assessed valuation, which is the rate at which the Open Space Trust Fund is currently funded; and
WHEREAS, the Township Council seeks to determine if the voters wish to reauthorize the open space tax at a rate of 3.0 cents per $100.00 of assessed valuation, and to permit said funds to be utilized for the following purposes or any combination thereof:
“Should the Jackson Township Open Space Tax be reestablished at the rate of 3 cents per $100.00 of equalized valuation pursuant to N.J.S.A.40:12-15.7, etseq., and such Open Space Trust Fund be utilized for the acquisition, development and maintenance of lands for recreation and conservation purposes, the acquisition of farmland for farmland preservation purposes, the historic preservation of historic properties, structures, facilities, sites, areas or objects, and the acquisition of such properties, structures, facilities, sites, areas or objects for historic preservation purposes, and for payment of debt service on indebtedness issued or incurred by the Township for the purposes set forth herein?”