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Confirming Tax Abatement - CBK Land Development, LLC. 5233 Dlyan Dr. (10 Year Real Property)
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Confirming Tax Abatement - CBK Land Development, LLC. 5233 Dlyan Dr. (10 Year Real Property)
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11/17/2014 11:22:00 AM
Creation date
11/17/2014 11:15:02 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
11/10/2014
Ord-Res Number
4406-14
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What is the current assessed value? <br />Real Property: <br />$50900 <br />Personal Property: <br />0 <br />What is the projected assessed value? <br />Real Property: <br />$4,885,376 <br />Personal Property: <br />What is the tax key number for this project? <br />025-1010-0170; 025-1010-016902; 025-1010-017002 (to be subdivided in one legal lot) <br />What is the six digit NAICS code? <br />424610, Foam, plastics, resins and shapes, merchant wholesalers <br />Please attach a Google map and street view of the location. <br />See Attached <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 />$1141 <br />YearTwo <br />$1,239 <br />Year Three <br />$1,407 <br />Year Four <br />$1,524 <br />Year Five <br />$1,639 <br />Staff Use Only <br />Please fill out the Public Benefit Summary Information and <br />L.r NJ <br />add to the total from above. <br />ints Points <br />Public Benefit Item: <br />Rmkq telated: <br />5 <br />A. <br />Redevelop a Site that has Special Needs <br />No <br />49 <br />B. <br />Develop Based on Local University Research <br />No <br />35 <br />C. <br />Achieve a Physical Element of a Plan <br />Yes <br />36 <br />36 <br />Sub -total Project Related: <br />36 <br />120 <br />6 <br />Super <br />Size Projects (point values are cumulatmel: <br />Yes <br />25 <br />25 <br />A. <br />100% to 199% <br />B. <br />200% to 299% <br />Yes <br />68 <br />68 <br />C. <br />300% to 399% <br />Yes <br />65 <br />65 <br />D. <br />400% and Over <br />Yes <br />52 <br />52 <br />Sub -total Super Size Projects: <br />210 <br />210 <br />7 <br />Pay for Municipal Infrastructure: <br />A. <br />Pay for Oversizing or Upgrading <br />Yes <br />14 <br />14 <br />B. <br />Pay for 26-50% of Extension Cost <br />Yes <br />26 <br />26 <br />C. <br />Pay for 51 -75% of Extension Cost <br />Yes <br />39 <br />39 <br />D. <br />Pay for 76 -300% of Extension Cost <br />Yes <br />52 <br />52 <br />Sub -total Infrastructure Related: <br />131 <br />131 <br />Total from Applicant Section: <br />350 <br />539 <br />Total from Staff Section: <br />377 <br />461 <br />Total Public Benefit Points: <br />727 <br />1000 <br />
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