I had originally understood…

I had originally understood that the DC "freeze" would become applicable from date of site plan application and would only become due and payable at the "frozen" amount upon occupancy. This has now seem to gone away and replaced with a time frame of two years from site plan approval. For larger buildings, reaching occupancy two years from site plan approval will be very difficult. If someone wanted to "defer" the DC's payable when they have reached the time limit for the freeze, does this mean the DC's now revert to the then current DC's payable? or is it the "frozen" amount that will be deferred? I think this needs to be spelled out clearly. Of course, the "frozen" amount should be "deferred" or else this amendment will be pointless.

Allowing municipalities to charge interest during the "freeze" and takes away much of the financial benefit of the freeze, especially if the interest rate is set by municipalities. There will be an incentive for municipalities to charge an unreasonable rate to "recoup" their "losses" during the freeze period.