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17-11 Confirming a six (6) year real property tax abatement for Hibberd Development, LLC
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17-11 Confirming a six (6) year real property tax abatement for Hibberd Development, LLC
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4/25/2017 4:42:35 PM
Creation date
3/8/2017 1:48:28 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/27/2017
Ord-Res Number
17-09
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For Staff Use Only Below This Line <br />What is the current assessed value? <br />Real Property: <br />/g�P �'.,7C l0� — <br />r <br />t!fsonal Property: <br />What is the projected assessed value? <br />Real Property: <br />Personal Property: <br />What is the tax key number for this project? <br />2 <br />TO/ 9- 300- _Oa6, 3; 0/8 ^3000 p —006 el <br />What is the six digit NAIC5 code? <br />Please attach a Googie map and street view of the location. <br />Please list the amount of real and personal property taxes <br />paid for the last five years when applicable. <br />Real Property Taxes: <br />Personal Property Taxes: <br />Year One <br />69S/ ' 3'370 <br />YearTwo <br />57007', -537G <br />Year Three <br />l r,-, ; x333 <br />Year Four <br />(�r a 3 S) 3 30 <br />Year Five <br />9d57 -563 <br />Please fill out the following Public Benefit Summary Information and add to total from above. <br />Y or _NJ <br />Points <br />Points <br />Public Benefit Item: <br />Project Related: <br />5 <br />A. <br />Redevelop a Site that has Special Needs <br />49 <br />B. <br />Develop Based on Local University Research <br />35 <br />C. <br />Achieve a Physical Element of a Plan <br />36 <br />Sub -total Project Related: <br />— <br />120 <br />6 <br />Super Size Projects (point values are cumulativel: <br />A. <br />10055 to 199% <br />25 <br />B. <br />20091 to 299% <br />68 <br />C. <br />300% to 399% <br />65 <br />D. <br />4009/ and Over <br />52 <br />ISub-total <br />Super Size Projects: <br />210 <br />7 <br />Pay for Municipal Infrastructure: <br />A. <br />Pay for Oversizing or Upgrading <br />14 <br />G. <br />Pay for 26 -50% of Extension Cost <br />26 <br />C. <br />Pay for 51 -75% of Extension Cost <br />I <br />39 <br />D. <br />Pay for 76-100% of Extension Cost <br />52 <br />Sub -total Infrastructure Related: <br />131 <br />Total from Applicant Section: <br />yQS <br />539 <br />Total from Staff Section: <br />3(0 <br />461 <br />Total Public Benefit Points: <br />yy� <br />1000 <br />
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