On January 15, during his last day in office, Gov. Chris Christie signed into law Assembly Bill 1425/Senate Bill 3233, which implements major reforms to the requirements for the posting of performance and maintenance guarantees under the Municipal Land Use Law (MLUL), N.J.S.A. 40:55D-1 et seq. The new law is effective immediately. Municipalities are now constrained from requiring performance and maintenance guarantees for private improvements in a development.
Following a full trial on the issues, an NJ Administrative Law Judge recently ruled in favor of NPD Partner Eric Goldstein, upholding the results of an extensive investigation by the Hamilton Township (Atlantic County) School District that resulted in the complete protection of a student who had been intimidated by another child.
The recently adopted federal tax reform legislation should cause owners of investment real estate to reevaluate the use of limited liability companies (LLCs) as they and other "pass through" entities may be able to take advantage of certain new tax provisions under the new legislation.
On November 21, 2017, the Board for the Casino Reinvestment Development Authority ("CRDA") adopted new land use regulations for the Atlantic City Tourism District that complement the newly adopted Master Plan for the District.
In a decision published on October 26, 2017, the Appellate Division affirmed the grant of summary judgment in favor of a commercial tenant against a realtor who claimed that the tenant, who had a right of first refusal under its lease to purchase the premises, was obligated to pay the realtor's commission arising from a separate contract with another prospective purchaser of the leased premises.
NPD Partner Eric Goldstein recently obtained local site plan & variance approvals for Dunkin’ Donuts for the construction of a new freestanding location with a drive thru lane in the City of Ventnor.
Keith Davis moderated a talented panel concerning economic development incentives.
Michael Peacock, Esq. speaks at the monthly meeting of the New Jersey Association of Recovery Residences ("NJARR") at the Enlightened Café in Ventnor on September 13, 2017.
The Courts now have competing affordable housing obligation numbers for Atlantic, Cape May, Cumberland and Salem Counties (“Region 6”). It will be up to the Court to decide next year but the potential requirements will have a tremendous impact on virtually every municipality.
The Summer/Fall 2017 NPD Newsletter is Here!