SAYREVILLE – The borough has purchased the development rights to Dieker’s Farm, preserving the future of the last farm in Sayreville.
Jim and Jeanne Dieker have been working since 2003 to make sure that the farm would be preserved. “It’s not only my livelihood, but my whole life. I just didn’t want to see it go away. My only regret is that my father was not around to see it happen,” Jim Dieker said.
The 16.755-acre farm, located between Bordentown Avenue and the Garden State Parkway, is still owned by the Diekers, but they no longer have the right to develop it. They could sell the farm, but any future owners would have to abide by a deed restriction preventing the land from being used for anything other than agriculture, officials said.
The development rights were purchased for about $3.5 million, with three quarters of the funding provided by a state agricultural development committee grant. The remaining money came from Middlesex County open space funds, officials said.
The family received $468,285 at closing, according to Sayreville business administrator Jeff Bertrand. Over the next 15 years, they will receive interest payments, with a final $3 million balloon payment due at the end of that time.
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