अध्यादेश 2493: PILOT Agreement For Meridia At Roselle Park

अध्यादेश 2493: PILOT Agreement For Meridia At Roselle Parkthumbnail
Published: जून 1, 2017 @ 5:00 प्रधानमंत्री ईएसटी

The legal requirement to allow PILOT, or Payment In Lieu Of Taxes, पर “Roselle पार्क में Meridia” development on West Westfield Avenue for their 213-unit residential development is in the form of Ordinance 2493. This directive will authorize Roselle Park’s governing body to enter into a PILOT agreementon behalf of the borough’s residentswith Meridia on Westfield Urban Renewal, रोज़ैल पार्क, LLC. This will be for the five (5) properties along West Westfield Avenue that include the former restaurant Domani’s, डीजे की कार, and SESSCO.

के दिसंबर में 2015, the first step to having the properties developed on Route 28 (वेस्टफील्ड एवेन्यू) was taken when the Municipal Land Use Board (MLUB) designated the lots as an Area In Need Of Redevelopment. अब, 18 महीनों बाद, after being approved by both the MLUB and council to develop, Capodagli संपत्ति कंपनी (सीपीसी) – the parent company of Meridiahas demolished the structures and is applying for PILOT.

पायलट एक प्रोग्राम है जो एक प्रोत्साहन डेवलपर्स नगर पालिकाओं में संपत्तियों पर निर्माण करने के लिए के लिए कि छोड़ दिया गया है के रूप में उपयोग किया जाता है है, रिक्त, या अप्रयुक्त. डेवलपर्स पायलट का उपयोग एक नगर पालिका कम भुगतान करना है, तो करों गुणों पर भुगतान किया गया से अन्यथा भुगतान किया जाएगा. नगर पालिकाओं करों में कम प्राप्त हो सकता है, लेकिन नगरपालिका सरकार के बाद से प्रतिशत के माध्यम से अधिक प्राप्त करता है 95% के रूप में होने के लिए विरोध के पायलट एक शहर को जाता है 30% to 33% करों एक नगर पालिका में जाने का. In a PILOT scenario, a school district does not get any of the PILOT payments. Criticism of the program is that for an apartment or residential development, school children might attend local public schools but the developer would not pay for any increase in student population through school taxes. At a presentation for PILOT held in April, Michael Hanley of NW Financial Group stated that school districts do get taxes from the land portion of property taxes. It is only the improvement partwhich is covered by PILOTthat does not go to schools.

Joseph Baumann from the law firm of McManimon, स्कॉटलैंड & Baumann, LLC – the special council appointed by the governing body to assist with the logistics of the project and PILOTconfirmed that the land portion of property taxes are still paid and only the improvement portion has PILOT applied to it. It is this portion that will not have any taxes going to schools but, according to the presentation, between 50% and 55% of the land portion taxes will still go to schools. PILOT will apply any taxes paid by the municipality from the land portion as a credit to the PILOT payments.

पायलट के रूप में, it will be based on the annual revenue of the development and will be for 30 साल. The complex is scheduled to be completed by July of 2019. The project is designated as mix-use with the first floor of the development being for as yet unnamed commercial use.

Below is a breakdown of the percentage to be paid as PILOT for the span of the agreement:

1 - 5
6 - 10
या 20% of ordinary taxation
या 40% of ordinary taxation
16 - 20
या 60% of ordinary taxation
21 - 30
या 80% of ordinary taxation

The phase-out alternative method means that the developer will pay either a percentage of the revenue of a percentage of taxes – whichever is greater.

अध्यादेश 2493 is set to have its second reading, सार्वजनिक सुनवाई, and vote by the governing body at tonight’s Mayor & परिषद की बैठक है, जिस पर शुरू कर देंगे 7 बजे. बरो हॉल में.

A copy of the ordinance along with the 99-page application for PILOT are included below. के अतिरिक्त, a video of the April 19, 2017 PILOT presentation is available below the documents.

डाउनलोड आरपी अध्यादेश 2493

Download Meridia on Westfield Urban Renewal PILOT Application