I have the ordinance. I've scanned it and am trying to figure out how to get Adobe to make it into a pdf that I can post on the site. Any advice?
In a message dated 12/3/2004 10:53:56 PM Eastern Standard Time, [EMAIL PROTECTED] writes:
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There are 6 messages in this issue.
Topics in this digest:
1. etc
From: "dfsavgny" <[EMAIL PROTECTED]>
2. RE: etc
From: "Tyler, Mark" <[EMAIL PROTECTED]>
3. Re: Digest Number 1071
From: [EMAIL PROTECTED]
4. Re: [AsburyParkGLH] Where your tax dollar goes?
From: [EMAIL PROTECTED]
5. Re: Re:Parking lot Joke Price
From: [EMAIL PROTECTED]
6. Re: Spending your tax dollars?
From: [EMAIL PROTECTED]
________________________________________________________________________
________________________________________________________________________
Message: 1
Date: Fri, 03 Dec 2004 16:11:20 -0000
From: "dfsavgny" <[EMAIL PROTECTED]>
Subject: etc
Mark, thanks for clearing up your two identities. But I am still
unclear about this and other sales to APartners. I assume they part
of the agreement? Does the agreement say that it is based on the
market value when the transaction is done or was the price set
before?
As to someone's comment about condemned owners getting market value,
well, that's the struggle and what I do. It also got me thinking
about how I would handle it. The appraisal of the beachfront several
years ago would have been a problem when there was no action and
everything was unsure. However, I think one needs to think outside
the box, which was a lot of appraisers (if they even had one) do not
do. While we're all supposed to be unbiased, one can always find one
to reach the client's perspective. That is not all bad because there
is a range and working in litigation I always tell my clients that
it is my job to tell them when I reach the end of the plank they try
to make me walk. An unsupportable appraisal is no good to anyone. I
imagine that valuing the land in AP several years ago would be like
my experience in Times Square during the first takings in 1990. The
area was blighted. But as I maintained there, and as I see in AP,
while the blight may have emanated originally from sources other
than potential condemnation, for many years the specific market were
not permitted to revive under normal thriving market forces because
of the potential condemnation that arose and hung like a sword over
the areas for many years. In fact, there are a great many parallels
in my view between Times Square and AP. It is my understanding that
the original plan many years ago also included some condemnation? At
least I understand that the waterfront was cleared and the rights
given to a developer who failed and ultimately the rights well held
up in court for over a decade. No prudent investor would try to make
a deal under these circumstances. People do not buy into
condemnation or litigation, except at extremely discounted prices.
Thus, if appraisals were done, the appraiser should have seen this
and lookd to other areas with similar attributes (beach, etc.) but
that were not adversely affected. To many this would seem a stretch
to go out of a community, but in AP's case, at least years ago, that
is what would need to be done to give a fair valuation. Hey make
some noise, I'll be the valuation expert for the group, I shoot
bigger birds than these everyday.
________________________________________________________________________
________________________________________________________________________
Message: 2
Date: Fri, 3 Dec 2004 11:25:14 -0500
From: "Tyler, Mark" <[EMAIL PROTECTED]>
Subject: RE: etc
Dan: It's hard to follow. Some of the issues the present council had came
with the Carabetta agreement which was more or less purchased by APartners.
I don't think that has any bearing on the subsequent transfers, however. I
believe that among the many failings of the Council is the failure to give
us information to allow us to judge their performance. However, there can
be no excuse for not appraising the properties before the transfer. It is a
bargaining chip as values are rising. I have heard of no instance, not one,
where the Council has placed any demand or bargained for anything. It
borders on the absurd.
-----Original Message-----
From: dfsavgny [mailto:[EMAIL PROTECTED]
Sent: Friday, December 03, 2004 11:11 AM
To: [EMAIL PROTECTED]
Subject: [AsburyPark] etc
Mark, thanks for clearing up your two identities. But I am still
unclear about this and other sales to APartners. I assume they part
of the agreement? Does the agreement say that it is based on the
market value when the transaction is done or was the price set
before?
As to someone's comment about condemned owners getting market value,
well, that's the struggle and what I do. It also got me thinking
about how I would handle it. The appraisal of the beachfront several
years ago would have been a problem when there was no action and
everything was unsure. However, I think one needs to think outside
the box, which was a lot of appraisers (if they even had one) do not
do. While we're all supposed to be unbiased, one can always find one
to reach the client's perspective. That is not all bad because there
is a range and working in litigation I always tell my clients that
it is my job to tell them when I reach the end of the plank they try
to make me walk. An unsupportable appraisal is no good to anyone. I
imagine that valuing the land in AP several years ago would be like
my experience in Times Square during the first takings in 1990. The
area was blighted. But as I maintained there, and as I see in AP,
while the blight may have emanated originally from sources other
than potential condemnation, for many years the specific market were
not permitted to revive under normal thriving market forces because
of the potential condemnation that arose and hung like a sword over
the areas for many years. In fact, there are a great many parallels
in my view between Times Square and AP. It is my understanding that
the original plan many years ago also included some condemnation? At
least I understand that the waterfront was cleared and the rights
given to a developer who failed and ultimately the rights well held
up in court for over a decade. No prudent investor would try to make
a deal under these circumstances. People do not buy into
condemnation or litigation, except at extremely discounted prices.
Thus, if appraisals were done, the appraiser should have seen this
and lookd to other areas with similar attributes (beach, etc.) but
that were not adversely affected. To many this would seem a stretch
to go out of a community, but in AP's case, at least years ago, that
is what would need to be done to give a fair valuation. Hey make
some noise, I'll be the valuation expert for the group, I shoot
bigger birds than these everyday.
Yahoo! Groups Links
[This message contained attachments]
________________________________________________________________________
________________________________________________________________________
Message: 3
Date: Fri, 3 Dec 2004 16:35:46 EST
From: [EMAIL PROTECTED]
Subject: Re: Digest Number 1071
In a message dated 11/29/2004 8:03:37 PM Eastern Standard Time,
[EMAIL PROTECTED] writes:
Date: Mon, 29 Nov 2004 13:23:19 -0500
From: Joe D'Andrea <[EMAIL PROTECTED]>
Subject: Re: Digest Number 1070
At 11:08 AM -0500 11/29/04, [EMAIL PROTECTED] wrote:
>Joe -
>Please feel free to tell these new shopowners to call into the show and tell
people who and where they are.
>Best,
>Maureen
I don't have a show.
Very funny!!
Speak up - It's America!!
Maureen Nevin
Restore Radio 88.1FM - 4 Years on the Radio!!
Asbury Park's Own Live Talk Show
601 Bangs Avenue
Listen 8 - 10 PM Thursdays on 88.1FM or
Listen Live or Later on the Web http://www.restoreradio.com/
Call the show 732-775-0821
Call me 732-774-0779 fax 502-0463
[This message contained attachments]
________________________________________________________________________
________________________________________________________________________
Message: 4
Date: Fri, 3 Dec 2004 17:27:01 EST
From: [EMAIL PROTECTED]
Subject: Re: [AsburyParkGLH] Where your tax dollar goes?
What you need to know when negotiating tax abatements.
tax rate
%
county tax .530 13.03%
county health tax .010 .25%
county open space tax .033 .81%
sub-total .057 14.09%
District school tax 1.253 30.79%
Local municipal tax 2.243 55.12%
Total 2004 General Tax Rate 4.069 100.00%
(per hundred of assessment)
Tax assessor office City Of Asbury Park July 29,2004
Would you offer 50% tax abatement? Ocean front? Would you copy the City of
Long Branch Plan? Did Asbury Park change city tax lawyers recently? Was this
lawyer sick or replaced?
Something that offers taxpayers relief? Once condos reach a certain price,
tax abatements are capped.
Hint
Local municipal tax 2.243 55.12%
At 50% what happens to the other 5.12% Somebody please explain
Is the developer is asking for adjustments for proprieties where the
buildings where torn down? Come to the council meetings. Ask questions?
Will the Hotel Gardner (total assessment value $431,800) be torn down? Do
you want to pay for this $17,531.00 tax ratable lost.
Do you know if Asbury Park will be fiscally solvent in 2005? Will a revalue
kick in? Taxes up?
Come to the council meetings. Ask questions?
[This message contained attachments]
________________________________________________________________________
________________________________________________________________________
Message: 5
Date: Fri, 03 Dec 2004 17:29:44 -0500
From: [EMAIL PROTECTED]
Subject: Re: Re:Parking lot Joke Price
greetings,(strip mall)
can u please email details, I live in northern part of state and i am interested in getting involved in ap. I just passed my real esate exam. Thanks lots
H
________________________________________________________________________
________________________________________________________________________
Message: 6
Date: Fri, 3 Dec 2004 17:33:33 EST
From: [EMAIL PROTECTED]
Subject: Re: Spending your tax dollars?
What you need to know when negotiating tax abatements.
tax rate
%
county tax .530 13.03%
county health tax .010 .25%
county open space tax .033 .81%
sub-total .057 14.09%
District school tax 1.253 30.79%
Local municipal tax 2.243 55.12%
Total 2004 General Tax Rate 4.069 100.00%
(per hundred of assessment)
Tax assessor office City Of Asbury Park July 29,2004
Would you offer 50% tax abatement? Ocean front? Would you copy the City of
Long Branch Plan? Did Asbury Park change city tax lawyers recently? Was this
lawyer sick or replaced?
Something that offers taxpayers relief? Once condos reach a certain price,
tax abatements are capped.
Hint
Local municipal tax 2.243 55.12%
At 50% what happens to the other 5.12% Somebody please explain
Is the developer is asking for adjustments for proprieties where the
buildings where torn down? Come to the council meetings. Ask questions?
Will the Hotel Gardner (total assessment value $431,800) be torn down? Do
you want to pay for this $17,531.00 tax ratable lost.
Do you know if Asbury Park will be fiscally solvent in 2005? Will a revalue
kick in? Taxes up?
Come to the council meetings. Ask questions?
[This message contained attachments]
________________________________________________________________________
________________________________________________________________________
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Speak up - It's America!!
Maureen Nevin
Restore Radio 88.1FM - 4 Years on the Radio!!
Asbury Park's Own Live Talk Show
601 Bangs Avenue
Listen 8 - 10 PM Thursdays on 88.1FM or
Listen Live or Later on the Web http://www.restoreradio.com/
Call the show 732-775-0821
Call me 732-774-0779 fax 502-0463
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