Brokers and Brokerage

Business Brokerage The Mount Olive planning board acted unreasonably when it told the developer of a proposed 415-unit housing project that it was out of time to start construction, a judge ruled Friday.

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Forex Broker Toll Bros., one of the largest developers in New Jersey, sued in July after the township denied it further time extensions to gather necessary permits from the state and start construction on the first phase of what ultimately is expected to be a mix of single-family homes and townhouses on 162 acres.

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Online Brokerage Planning board attorney Edward Buzak told Superior Court Assignment Judge B. Theodore Bozonelis that Toll Bros. has been dragging its feet after already receiving several time extensions, but the judge disagreed, finding that the developer has acted diligently.

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Real Estate Broker Bozonelis said that Toll Bros. is entitled to at least another year's extension and can ask the planning board for additional time if necessary.

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Agency Brokerage Spark In its suit, Toll Bros. had claimed it spent millions on improvements to the intersections of Flanders-Drakestown Road and Flanders-Netcong Road that would be affected by the project. Toll Bros. also agreed this year to make a $350,000 contribution for the development of Turkey Brook Park, attorney Joel Kobert told the judge.

Those talks, brokered by Ms. Norton and Ann M. Veneman, the agriculture secretary, year plan for the thinning of forest lands considered a particularly high fire risk, priority projects.

Business Broker The project dates back to 1989 when ARD Mount Olive Associates obtained preliminary approval to build but could not immediately begin construction.

Brokerage Account Toll Bros. took over the project, and over the years has been dealing with complex issues of wetlands on the tract and the availability and purity of water for the homes.

Stock Broker The judge found that Toll Bros. has "laid out significant monies" to develop its project and demonstrated a commitment to see it through.

Brokerage Online Stock Trading He noted that the act of applying to the state Department of Environmental Protection for permits is not a simple matter of filling out a one-page application and getting a response in a few weeks.

Broker Justin Ticket "We have to look at the reality. We're dealing with the DEP, which is inundated with applications," the judge said.

Real Estate Brokerage "Here it's clear the developer pursued those permits diligently," he said.

Commodity Broker By Peggy Wright
Daily Record - 11/13/2004

Topic: Highlands

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