Development Fees Ordinance 18-22

Ordinance 18-22 amends and supplements the zoning and land development regulations of Ocean City, NJ, specifically regarding development fees. The ordinance replaces the existing development fee ordinance and establishes rules, regulations, and standards governing the zoning of land, setting forth a development fee to be applied by the Planning Board, Zoning Board, and the Governing Body. It mandates that developers contribute fees to the City's affordable housing trust fund for certain new construction projects, and ensures these funds are used exclusively for low- and moderate-income housing.