Off-Tract Contributions: A Cautionary Tale
In Victor Street, the Appellate Division invalidated all approvals granted to Raymond Plaza for the construction of multistory residential buildings on the basis that the applicant agreed to a $400,000 contribution for off-tract improvements related to sewer and stormwater improvements in violation of N.J.S.A. 40:55D-42.
This opinion follows the long-standing principles first...
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