jj
I have to give it to him though, he sat quietly through a lot of
abuse,. Yes, the 3rd appraisal is binding. If it comes in higher (I
wouldn;t hold my breath again, but hey, surprise me) the developer
can contest it. What happens in an arbitration is that the parties
(usually the one who l
The story on Asburypark.net is as Joe stated, because there is a 3rd
appraiser provision. Luckily, it is baseball arbitration, whereby
the 3rd can come in with a value that is different from either
appraiser and in this case, actually has to do an appraisal. The
typical case in these circumst
Here's a thought: what if the third appraisal comes in high, let's
say $2.5 mm. From what I've heard, the 3rd appraisal's decision is
FINAL. Is Asbury Partners REQUIRED to pay it, or can they back out?
If required to pay, they could then threaten bankruptcy, hold up the
entire redevelopment &
On Mon, 20 Dec 2004 17:33:58 -0500
"Tyler, Mark" <[EMAIL PROTECTED]> wrote:
> Your point that our Council should have seen the problem
>coming some time
> ago is a good one. Asburypark.net has posted a story
>indicating that the
> sale price may rise despite an advance payment of
>$400,000.
Title: RE: [AsburyPark] Re: Sale of "The Triangle"
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 o
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
reas
: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]Sent: Monday, December 20, 2004 5:26
PMTo: AsburyPark@yahoogroups.comSubject: [AsburyPark]
Re: Sale of "The Triangle"
I am enjoying the debate surrounding the sale of
"The Triangle" and the vote which took place las
I am enjoying the debate surrounding the sale of "The Triangle" and the vote which took place last Wednesday night at the City Council meeting.
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 prop
