What is the minimum amount a municipality can reduce an improvement's performance guarantee when a partial approval is granted?

The correct response is based on the regulations governing performance guarantees in municipal planning. When a partial approval is granted for improvements, municipalities are generally allowed to reduce the performance guarantee associated with those improvements. In New Jersey, the minimum amount a municipality can reduce the performance guarantee under such circumstances is specified as 30%.

This percentage reflects a balance between ensuring that sufficient financial assurance remains in place for the completion of the project while also recognizing the completion of components that have already been approved. The 30% reduction serves as a guideline to protect the municipality's interests while allowing for progress to be acknowledged. Thus, understanding the legal framework and specific regulations is essential for planners working within the state’s municipal planning context.