Or, just maybe, it's done on purpose.
-----Original Message-----
From: Joe Dandrea [mailto:[EMAIL PROTECTED]]
Sent: Monday, December 20, 2004 6:05 PM
To: AsburyPark@yahoogroups.com
Subject: Re: [AsburyPark] Re: Sale of "The Triangle"
On Mon, 20 Dec 2004 17:26:23 EST
[EMAIL PROTECTED] wrote:
...
> I believe that the excuse of not wanting a
>thirty-five cent tax increase
> is not a valid reason for voting in favor of the sale of
>the property in
> question.
Of course it's not a valid excuse ... for a couple of
reasosn. First off, since a "tax point" in Asbury Park is
approx $40,000, a loss of $40K would only mean a 10 cent
increase in the tax rate. But more then that... if a delay
in the sale that has the effect of raising the price of
the parcel to, for example, $800K would mean a tax
DECREASE of 10 cents.
> I would suggest that the council would have
>better served the people of
> Asbury Park by voting to table the ordinance until the
>discrepancies brought
> up by the public were addressed.
The facts and figures of the sale of the casino were set
as part of the redev plan. So the ordinance could have
been pulled so that a new ordinance with just the casino
property included reintroduced and voted on before the end
of the year.
>> Does anyone want a tax
>increase? Of course
> not. This leads to my next concern which is: How did
>we get backed into a
> corner where we (according to our council) had no choice
>but to sell this
> property at the 11th hour in order to avoid a huge tax
>increase?
They have a habit of doing this. They did the same thing
last year for the sale of Convention Hall and Parmount...
there was a special meeting on December 28th or 29th so
that the transaction could take place before the end of
the year.
It's just not right that major decisions are made under
this "we have to pass this tonight or else attitude."
~joe
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