条例 2493: ローゼルパークでメリディアのパイロット協定

条例 2493: PILOT Agreement For Meridia At Roselle Parkthumbnail
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公表: 6月 1, 2017 @ 5:00 PM EST

The legal requirement to allow PILOT, or Payment In Lieu Of Taxes, に “ローゼルパークでメリディア” 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, ローゼル公園, LLC. This will be for the five (5) properties along West Westfield Avenue that include the former restaurant Domani’s, DJのリムジン, and SESSCO.

の12月に 2015, the first step to having the properties developed on Route 28 (ウェストフィールド・アベニュー) was taken when the Municipal Land Use Board (MLUB) designated the lots as an Area In Need Of Redevelopment. 今, 18 ヵ月後, after being approved by both the MLUB and council to develop, Capodagli不動産会社 (CPC) – the parent company of Meridiahas demolished the structures and is applying for PILOT.

PILOTは、開発者が放棄されている自治体でのプロパティに構築するためのインセンティブとして利用されているプログラムです。, 空いています, または未使用の. 開発者は、税がプロパティに支払われた場合にはそうでない場合は支払わされるよりも少ない自治体を支払うことPILOTを使用します. 自治体が税にあまりを受けるかもしれないが、市政府は以来割合によってより多くのを受け、 95% 持つとは対照的に、PILOTの町に行きます 30% to 33% 自治体に行く税の. 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, スコットランド & バウマン, 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.

PILOTについて, it will be based on the annual revenue of the development and will be for 30 年. 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:

YEARS
RATE
PHASE-OUT
1 - 5
10.5%
6 - 10
10.5%
または 20% of ordinary taxation
11-15
13%
または 40% of ordinary taxation
16 - 20
13%
または 60% of ordinary taxation
21 - 30
13%
または 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.

条例 2493 is set to have its second reading, 公聴会, and vote by the governing body at tonight’s Mayor & 開始します理事会 7 P.M. ローホール内.

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


ダウンロードRP条例 2493


Download Meridia on Westfield Urban Renewal PILOT Application