The WeekEnder Brief - a publication of NAIOP New Jersey
March 10, 2017
As seen in this issue, "On March 6, the Assembly State and
Local Government Committee favorably reported on legislation (A-1425,
Johnson) that represents a significant improvement for developers and
municipalities in managing projects under the Municipal Land Use Law (MLUL).
A-1425 modifies the requirements concerning performance bond escrowing under
the MLUL: it would require performance bond escrowing for only public
improvements, with some exceptions. In addition, the bill would establish a
safety and stabilization bond, and streamline the temporary certificate of
occupancy process. Furthermore, additional inspection fees requested would have
to be itemized and justified. Meryl Gonchar (Sills Cummis & Gross), who has
worked on this amendment for more than two years, testified on behalf of NAIOP.
Due to NAIOP’s successful negotiations with the Society of Municipal Engineers
and the League of Municipalities, there was no opposition to this needed
reform. The bill was second referenced to the Assembly Appropriations