Binding Letter of Intent

(For Single Family Detached and Twin Homes on Separate Lots Only)

Location(Required)
Block
Lot
Street Address

Name of Company Representative(Required)
Mailing Address(Required)

Name of Buyer(Required)
Mailing Address(Required)

Choose One Option Only

Option 1 – Developer
I, (Developer Name) in the official capacity representing the developer of the above referenced property, do hereby agree to be responsible for the establishment of a permanent vegetative cover at the above referenced property, in accordance with the approved Soil Erosion and Sediment Control Plan. I (we) will also be responsible for the repair of any erosion, and the removal of any offsite sedimentation that may occur as a result of the lack of a permanent vegetative cover.
The permanent vegetative cover will be establishaed no later than :
Developer's Digital Signature
Required if choosing Option 1.
MM slash DD slash YYYY

Option 2 – Buyer
I, (Buyer Name), the buyer(s) of the above referenced property, do hereby agree to be responsible for the establishment of a permanent vegetative cover at the above referenced property, in accordance with the approved Soil Erosion and Sediment Control Plan. I (we) will also be responsible for the repair of any erosion, and the removal of any offsite sedimentation that may occur as a result of the lack of a permanent vegetative cover.
The permanent vegetative cover will be established no later than:
Buyer's Digital Signature
Required if choosing Option 2.
MM slash DD slash YYYY

The procedure provided for by this Binding Letter of Intent has been granted to us by the Cape-Atlantic Soil Conservation District in substitute for strict compliance with the District’s regulations as an accommodation to us. In the event we fail to comply with all conditions of this letter, we understand that a civil lawsuit may be filed against us with the New Jersey Superior Court under the provisions of N.J.S.A. 2A:58-1 et seq., the Penalty Enforcement Law. Under the terms of said law, we may be subject to fines for each and every day during which said violation continues, each day constituting an additional, separate and distinct offense. Also, we will be held responsible for associated cost for compliance with this letter including, but not limited to, staff time, court cost, and professional fees.
Your Digital Signature
MM slash DD slash YYYY