(A) The Township Committee is authorized to use the Open Space Trust Fund to acquire all types of interests in real property including but not limited to fee simple acquisitions, easements, licenses, and/or development rights or any other lesser interest in real estate in the Township.
(B) The Township Committee shall determine the amount of funds to be used for each acquisition of rights or property. The Township Committee shall also determine what use may be made of any real property or property rights acquired by use of the Open Space Trust Fund.
(C) The Open Space Trust Fund may also be used to acquire real property that has improvements upon it at the time of acquisition, provided that the Township Committee determines the principal purpose of the acquisition is consistent with the goals expressed herein.
(Ord. 48-04, passed 5-10-04)