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Bond In Investing Savings With green fields stretching as far as the eye can see from just about any roadside, Springfield, a rural Burlington County township of 3,400 residents has more preserved farm acres than people.

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Bond Investment Toledo Toledo That ratio is no accident. More than a decade ago, the township began aggressively buying up the development rights to local farms. It adopted 3-acre zoning soon after and has avoided bringing in sewer service.

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James Bond Trading Card The largest developments here have fewer than 30 homes, and none that size has been built since the early 1990s, local officials say.

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Bond In Investing Stock To further protect the bucolic landscape, Springfield recently prohibited commercial development within 500 feet of either of the major arteries through town, Routes 206 and 68.

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Municipal Bonds Investment "I don't know of any farm that was recently sold to a developer, because most of them want something other than 3-acre zoning," said Mayor Bill Pettit, one of the first farmers here to sell the development rights to his land.

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Bond Terms Trading Like many towns in central New Jersey, however, Springfield is defending its development-averse zoning in court as it tries to fend off a developer's proposal to build 215 houses on a 53-acre tract now in wheat production.

Bond Debt High In Inside In a lawsuit filed a year and a half ago, a local developer charged the township with neglecting its obligation to provide low- and moderate-income housing under the state's Fair Housing Act and promised to include 43 moderately priced units in its proposed development. The township is required to provide 68 such units under current state rules.

Bond Greenville Greenville The developers are trying to persuade the courts to take the case out of the hands of the state Council on Affordable Housing (COAH), which they accuse of failing to enforce the act.

Trading Stock And Bonds The case comes at a time when Gov. James E. McGreevey is scrambling to remake the rules that determine how much affordable housing towns and cities must provide. His administration has vowed to come up with what housing officials call a more reasonable formula by the end of this summer.

Bond Investing Municipal "It is clear COAH is doing the bidding of municipalities, and low- and moderate-income housing is being short-shrifted," said Henry Kent-Smith, an attorney for the developer, Flynn-Tucker of Clark.

Basis Bond Finance Hill He described the township's affordable housing plan, which COAH defends in the court case, as "not worth the paper it was written on."

Bond Explained Terms Trading McGreevey administration officials say they will "aggressively defend" the state's right to resolve the Springfield matter and dismiss allegations that the housing agency is taking too long to do it.

Bond Business Investing Stock "To encourage litigation rather than using COAH is contrary to the law and common sense and helps lawyers and builders and doesn't provide affordable housing," said Susan Bass Levin, commissioner of the state Department of Community Affairs. "COAH attempts to balance the needs of affordable housing and sound planning - and that takes time.

Bond Houston Houston "The lawyer has a client who wants to build a large number of homes with a small percentage of affordable housing," she added. "He has a profit motive."

Stock Bonds Day Trading While a Superior Court judge in Burlington County granted the developer what is called a "builder's remedy" to provide the new housing, COAH has appealed the decision, and the matter now is before a state appeals court in Trenton. The court will decide whether the housing agency or the courts should determine the fate of the township's zoning.-- -- -- Springfield officials say the development would change the character of the town and probably require them to build another elementary school.

Bond Corporate Investing While neighboring Wrightstown has agreed to supply water to any new development in that section of Springfield and would see its own utility rates decline as a result, it doesn't care to get involved.

Investment Bond Uk "Springco (the original developer) and Springfield have tried to drag us into the suit, but we said we were going to try to stay neutral," said Wrightstown Mayor Thomas Harper.

Bond Trading Strategy "Long after this thing is over, we're still going to be neighbors with Springfield," Harper said, adding that there were advantages to having rural towns in the region.

Bond Fixed In Income Investing "Wrightstown is almost built out. We're a center. We want them to be a farming community and come to us with their business," he said.

Bond Dayton Dayton Investment Other towns in central New Jersey have been embroiled in similar battles with developers in recent days.

Bond Management Market Risk Roosevelt recently claimed a victory in a similar suit in which a builder dropped plans to build a 266-unit development that would have nearly doubled the borough's population.

Bond In Investing Municipal Indeed, Roosevelt officials said they were eager to export their defiance to other towns facing down what they called a plan by a developer to build a slew of new housing under the pretext of bringing the borough needed affordable housing.

Bond Investment Las Las North Roosevelt had credits for all but eight units of its share of affordable housing at the time the developer there filed suit. Like Springfield, it was working with COAH to make sure its plan was certified.

Future Bond Trading System Levin has said the new COAH rules will be out by August and that they will balance the needs of people seeking affordable homes and sound planning.

Bond In Investing Junk "We have been working with a task force to develop a fair formula," she said.

Bond Investment Orlando By Tracey L. Regan
Trenton Times - 5/25/2003

Topic: Sprawl

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