https://linebet-bangladesh.com/en/mobilehttps://partnerslinebet.com/

State, county and Colts Neck will purchase preservation easement

Date:

Share post:

The state, Monmouth County and Colts Neck are pooling their resources to purchase a farmland preservation easement on a property in Colts Neck.

During a recent meeting, the Monmouth County Board of Freeholders passed a resolution authorizing the release of the funding for the acquisition of the easement on a 25.7-acre parcel known as the George and Lillian Mosley property at 164 Laird Road, Colts Neck.

- Advertisement -

The acquisition of the easement will preclude the property from being developed.

According to the resolution, the Monmouth County Agriculture Development Board “deems it necessary and advisable to acquire and preserve a development easement for agricultural purposes.”

The freeholders accepted the board’s recommendation.

A formal offer of the purchase of a development easement in the total amount of $893,270 has been accepted, contingent upon satisfactory title of the property, and subject to adjustments for taxes and other closing costs, according to the resolution.

The state’s share of the cost will be 60% ($535,962), the county’s share of the cost will be 24% ($214,385) and Colts Neck’s share of the cost will be 16% ($142,923), according to the resolution.

Stay Connected

213FansLike
89FollowersFollow

Current Issue

Latest News

Related articles

New Jersey needs law to control invasive species

By Tom Gilbert What happens in Vegas may stay in Vegas, but what happens in New Jersey yards and...

Monmouth County News Briefs, Jan. 25

The Assembly Judiciary Committee on Jan. 19 cleared a bill sponsored by Assemblywoman Vicky Flynn (R-Monmouth) that would,...

News Transcript News Briefs, Jan. 25

The Manalapan Police Department has reported the following incidents which recently occurred in the community: On Jan. 4 at...

News Transcript On Campus, Jan. 25

Southern New Hampshire University, Manchester, N.H., has named the following students to the Fall 2022 president's list (minimum...