Successful tax appeals this year will cost the city a half-million dollars in refunds to more than 350 properties, dropping the city’s assessed value by $8 million. City Council at its November meeting approved the refunding of taxes due to tax appeal judgments by the county Board of Taxation.
Continue reading 2012 tax appeals cost city half-million dollars
The City Council unanimously (8-0) approved a 15-year PILOT for Meridia Lafayette Village at its meeting Monday night that will nearly halve the developer’s overall property taxes while providing more revenue directly to the city than it might typically get once the project is built out.
The City Council on Monday will consider a 15-year Payment In Lieu Of Taxes (PILOT) for Meridia Lafayette Village that would reduce its annual property tax bill by as much as 40 percent.
Continue reading PILOT would shave about $170k off annual taxes
The City Council will consider another 15-year Payment In Lieu of Taxes (PILOT), this time for the 115-unit Meridia Lafayette Village. The PILOT would call for an annual payment to the city of about $156,000, or about $1,356 per unit, based on 10 percent the project’s annual gross revenues, according to the ordinance (O-24-12).
Continue reading PILOT proposed for Meridia Lafayette Village
The relationship between the mayor and city administrator/redevelopment director doesn’t seem to be getting any better.
Continue reading Is it still cold in here? Pretty much…
A state program to buy out flood-prone homes will fund the acquisition and demolition of two West Grand Avenue properties near the Wheatena section of Rahway River Park.
Continue reading Flood-prone W. Grand properties to be acquired
The City Council unanimously approved an ordinance Monday night to regulate sidewalk cafes, including an annual $500 fee for a license.
Continue reading City Council approves sidewalk cafe ordinance
The city may consider reviewing and updating the nearly 15-year-old redevelopment plan that set the tone for the downtown construction over the past several years.
Continue reading City considers review of redevelopment plans