New Jersey § 13:17-17

§ 13:17-17.

(a) If portions of the master plan contain proposals for drainage rights-of-way, roads

or streets, schools, colleges, parks, playgrounds, or for any project as defined in

this act, before approving any subdivision or site plan, the commission may require

that such project sites be shown in locations and of sizes suitable to their intended

uses. The commission shall be permitted to reserve the location and extent of such project

sites shown on the master plan or any part thereof for a period of 1 year after the

approval of the subdivision or site plan or within such further time as agreed to

by the applying party. Unless during each 1 year period or extension thereof the commission shall have

entered into a contract to purchase or institute condemnation proceedings according

to law for said project site, the developer shall not be bound by the proposals for

such areas shown on the plan. This subsection shall not apply to streets and roads and drainage rights-of-way

required for approval of any subdivision or site plan and deemed essential to the

public welfare. (b) Whenever one or more parcels of land on which is located such a project site cannot

yield a reasonable return to the owner unless a building permit is granted or a subdivision

or site plan is approved, the commission may, in a specific case, by a majority vote,

grant a permit for a building on such project site, which will as little as practicable

diminish the area and use of the project site for its intended purposes, or may pay

over to the developer the amount of damages found by the commission to have been caused

by the delay in approval or acquisition.