At the urging of the CHLP and certain Council members, in 2009 CHV created the Catherine H. Anderson Land Donation Fund. The money in this fund is primarily intended to foster and encourage the preservation of natural open space through financial assistance to residents interested in preserving Village natural areas but may also be used by the Council for other park-related purposes from time-to-time. The primary purpose of this fund is for the acquisition of open space, parks and trails. This fund will now receive revenue derived from fees paid by sub dividers of property at the time a subdivision plat is approved. In addition, the fund also receives cash-in-lieu dedications associated with subdivision applications and any other monetary donations received by the City, including recreation reimbursements or charitable donations.
The ending fund balance as of January 2011 was almost half a million dollars. To date, no applications for funds have been received by the city.
To review the City of Cherry Hill’s resolution in its entirety click here.