New Permit Extension Act Amendment Signed Into Law

Posted by on Sep 27, 2012 in Permit Extension Act

By: Michael J. Lipari, Esq.
On September 19, 2012, Governor Christie signed another amendment to the Permit Extension Act, which will further extend the life of development approvals and permits and provide relief to builders. The identical legislative bills known as A-1338 and S-743 extend the Permit Extension Act of 2008 (“PEA”) for an additional two years through 2014. This initiative was advanced because, as the legislation itself states: “the most recent national recession has caused one of the longest economic downturns since the Great Depression of the 1930’s and has drastically affected various segments of the New Jersey economy, but none as severely as the State’s banking, real estate and construction sectors.”

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Acting Governor Guadagno Signs Bill to Extend Moratorium on 2.5 Percent Non-Residential Development Fee

Posted by on Aug 24, 2011 in COAH and Affordable Housing Issues, General Information, Legislation, Permit Extension Act, Retail/Commercial

By: Michael J. Lipari, Esq.
Today, Acting Governor Kim Guadagno signed a bill into law that extends a prior moratorium on the 2.5 percent non-residential development fee. This law (Legislative Bill S-2974) extends the moratorium for an additional two years, which should provide relief to commercial real estate developers.

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Ex-Governor Corzine Acts (and Fails to Act) on Legislation in Final Full Day in Office

Posted by on Jan 19, 2010 in Distressed Housing Market, Legislation, Permit Extension Act

By Michael J. Lipari, Esq.
In his last full day in office, ex-Governor Jon Corzine signed legislative bill A-4347 that extends all permits and approvals that were subject to the Permit Extension Act of 2008 (“PEA”) through 2012. Corzine did not sign legislative bill A-4345 that would have extended the requirement of wastewater management planning agencies to establish or update wastewater management plans, and extended validity of sewer service areas and wastewater service areas, until April 7, 2011.

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Legislature Adopts Bill to extend the “Permit Extension Act of 2008”

Posted by on Jan 12, 2010 in Legislation, Permit Extension Act

By Michael J. Lipari, Esq.
As the economic recession continues, the New Jersey Legislature took another proactive and necessary measure to aid builders and developers struggling to save approvals for jobs that are not currently able to proceed. On January 11, 2010, both houses passed legislative bill A-4347 that extends certain permits and approvals that were subject to the Permit Extension Act of 2008 (“PEA”) through 2012.

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Development Coalition Seeks Overhaul of Land Use and Environmental Procedures

Posted by on Sep 29, 2009 in DEP Rules, General Information, Municipal Land Use Law, Permit Extension Act, Redevelopment, Site Remediation

By: Henry T. Chou, Esq.
For the past two years, a coalition of developers and business groups called the Smart Growth Economic Development Coalition has sought to effect significant changes in land use use and environmental regulatory laws aimed at keeping businesses in New Jersey and attacting new business. It now hopes to push through some of its legislation in the lame duck Legislative session after the gubernatorial election in November.

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Strategies for Modifying, Preserving and Extending Approvals to Deal With Changed Market Conditions

Posted by on Mar 12, 2009 in Distressed Housing Market, Permit Extension Act

By: Henry T. Chou, Esq.
In today’s depressed real estate market, certain products that were attractive as little as two years ago are no longer in demand. In most circumstances, economically rational builders who have approvals or zoning for such products cannot carry their undeveloped land indefinitely while hoping that the demand will improve some years down the line. In today’s climate of frequent regulatory changes, economic realities require builders to explore alternative strategies for turning a profit on their properties.

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