N.J. Admin. Code § 5:100-4.1

Current through Register Vol. 57, No. 1, January 6, 2025

Section 5:100-4.1 - Easement on the historic property

(a) To assure the continued preservation of grant-assisted historic properties receiving construction grants in excess of $ 50,000 which are owned by nonprofits, and to assure that public benefit continues from the use of public funds after the expenditure of the grant moneys, the Trust will not make grant assistance available until an easement agreement between the Trust and the nonprofit grant recipient and all other parties having an ownership interest in the historic property is recorded. The easement agreement must include:

1. Provision for the continued preservation of the historic property;

2. Limitations on the right to change the use, alter, demolish or convey the property; and

3. Provisions for public access to the historic property.

(b) The period of the easement is to be 10 years from the date of the completion of the project.

(c) To help defray costs of monitoring easements which are held on properties assisted through this program, an easement monitoring fee of $ 250.00 for each year of the term of the easement on a historic site will be added to the recommended grant award for each project which is subject to the easement provisions.

N.J. Admin. Code § 5:100-4.1