HOLMDEL – Four entities are combining their resources to purchase a development easement on an 11-acre property at 153 Everett Road, Holmdel.
The parcel is known as the Callan property, according to a resolution that was passed by the Monmouth County Board of Freeholders in July.
In the resolution, the freeholders confirmed their commitment to pay $208,884 toward the purchase price of $688,187 for the development easement on the property.
When the easement has been acquired, no development will be permitted on the parcel and it will be preserved for agricultural purposes.
The other entities joining Monmouth County in the acquisition of the development easement are the state, which will pay $300,000; Holmdel, which will pay $158,096; and the Friends of Holmdel Open Space, which will pay $21,206, according to the resolution.