條例 2493: PILOT協議對於西布曲明在洛神公園

條例 2493: PILOT Agreement For Meridia At Roselle Parkthumbnail
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發布時間: 六月 1, 2017 @ 5:00 美國東部時間下午

The legal requirement to allow PILOT, or Payment In Lieu Of Taxes, 在 “西布曲在洛神公園” 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, 洛神公園, LLC. This will be for the five (5) properties along West Westfield Avenue that include the former restaurant Domani’s, DJ的豪華轎車, and SESSCO.

在十二月 2015, the first step to having the properties developed on Route 28 (韋斯特菲爾德大道) was taken when the Municipal Land Use Board (MLUB) designated the lots as an Area In Need Of Redevelopment. 現在, 18 幾個月後, after being approved by both the MLUB and council to develop, Capodagli物業公司 (CPC) – the parent company of Meridiahas demolished the structures and is applying for PILOT.

PILOT是用作已廢棄的激勵為開發者在城市建設上特性的程序, 空的, 或閒置. 開發人員可以使用PILOT支付直轄市更少,如果賦稅繳納性能比其他支付. 市政當局可能會降低稅收,但市委,市政府按百分比的方式,因為得到更多的 95% 試點進入到一個小鎮,而不是讓 30% to 33% 稅收要自治市. 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, 蘇格蘭 & 鮑曼, 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.

As for PILOT, it will be based on the annual revenue of the development and will be for 30 歲月. 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%
或 20% of ordinary taxation
11-15
13%
或 40% of ordinary taxation
16 - 20
13%
或 60% of ordinary taxation
21 - 30
13%
或 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.

條例 2493 is set to have its second reading, 公開聽證會, and vote by the governing body at tonight’s Mayor & 理事會會議將在開始 7 比前收市價. 在市鎮廳.

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


下載RP條例 2493


Download Meridia on Westfield Urban Renewal PILOT Application