City Council unanimously approved a 2016 municipal budget of $53 million that projects a $39 tax increase for the average home.
Monthly Archives: June 2016
Zoning Board considers Wawa application
The Zoning Board of Adjustment is scheduled to hear an application tonight seeking to convert a former St. Georges Avenue fitness center into a Wawa. UPDATE: The application was postponed to a later date.
City Council approves Gramercy 20-year PILOT
Without comment from the public or its members, City Council on Monday night unanimously adopted a 20-year Payment In Lieu Of Taxes (PILOT) for The Gramercy.
Continue reading City Council approves Gramercy 20-year PILOT
Gramercy PILOT would shave $100k off tax bill
A proposed PILOT for The Gramercy would stipulate an annual fee of $78,000, about twice as much as the properties currently generate in taxes but about $100,000 less than what the completed project might pay.
Continue reading Gramercy PILOT would shave $100k off tax bill
A closer look at 2016 municipal budget
Three new Payments In Lieu Of Taxes (PILOT) to the city and higher foreclosure registry fees should boost city revenues by some $652,000 in the 2016 budget.
Meridia Water’s Edge sells for $29.3 million
Meridia Water’s Edge, a 108-unit rental building that began leasing two years ago, has sold for$29.328 million, or about $271,556 per unit.
Continue reading Meridia Water’s Edge sells for $29.3 million
Council endorses green building practices
City Council last month approved a resolution endorsing the adoption of green building practices for civic, commercial and residential buildings.