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Mayor Dawn Zimmer issued a reminder today of a community meeting to involve residents in the process of shaping the future look of Observer Highway
The City of
The City of Hoboken is still fighting for a temporary or longer term home for its vehicles. Yesterday, Hoboken Unleashed and its Friday legal action against the city on uptown Willow Avenue headed to court with legal representatives of the City of Hoboken, and the owner of the 1714 Willow Ave. property in Jersey City Superior Court.
After review, the Superior Court judge denied Hoboken Unleashed’s request for a restraining order against the City. The result instead was an order for the parties to meet and attempt to resolve the conflict. That’s scheduled today between the Hoboken Unleashed and the City of Hoboken. Another appearance of the parties is due tomorrow in New Jersey Superior Court in Jersey City.
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“I know that businesses in Urban Enterprise Zones, especially those in my district where we have four, have been hit particularly hard by the economy,” said Ramos (D-Hudson). “This is a great incentive to get banks lending to businesses in economically depressed areas until the economy picks up on its own again.”
Specifically, the bill permits lenders who are subject to the corporation business tax to deduct from their entire net income the amount of net interest received on loan repayments from a qualified UEZ business that is engaged in the active conduct of trade or business within a UEZ. Additionally, the lenders would be permitted to deduct from their gross income an amount equal to the amount of net interest received the loan repayment.
Where Do We Go from Here?
Is the $12 million surplus that we have too much for Hoboken? Maybe, maybe not. Ten percent is what you would shoot for in a typical municipality, and all the more so with our recent fiscal history. That would mean that the “right” surplus for Hoboken is just over $10 million dollars, if we had nothing special to worry about. But we still do have special things to worry about – lots of them. Things like
Today in New Jersey Superior Court in Jersey City, the owners of a doggy day care business called Hoboken Unleashed, the City of Hoboken and the property owner of 1714 Willow Ave. are going to sort out what’s what on who has a lease, when and how as a sidebar battle to the Municipal Garage saga.
Mike Stigiliano, currently running his dogy care business on Clinton St. says he is making monthly payments on the property and has the rights not to see anyone on the property before he moves in. The City lawyer, Corporation Counsel Michael Kates said conversations were underway with the leaseholder and resolution could be expected favorable to the city at the last City Council meeting.
The $19,975,580.49 Million Lie
“Of the over $33 million “left over” from the year that ended June 30, $19,975,580.49 is money that is earmarked to NOTHING.Some Zimmer fans will …claim 8 or 9 million is actually designed to pay off Dave Roberts’ overspending. That isn’t true because the city – including Zimmer – agreed to a 7-year plan to pay that off at $1.7 million per year. That money has its own line item. It’s not part of the Fund Balance.” – Hoboken 411
=&2=&=&3=&The City of Hoboken executed on its plan to vacate the Municipal Garage Friday inviting press and local media to come and witness the official goodbye. The goodbye isn’t part of the original plan in a $25 million sale but a prerequisite for a legal case against the developer and most likely a dispute in the $2.55 million deposit.
The developer who earlier had come to the City Council requesting changes to make their initial $25 million offer palatable on a property now worth $14 million was rejected.
| Director Jennifer Maier and Mayor Zimmer joined workers at the site of the vacated Municipal Garage |
The City invited the press and local media to attend their exit from the Municipal Garage. The pending sale had been terminated earlier in the week in the City Council after the developer was accused of breaching the agreement and interfering with the City’s work to complete work for New Jersey’s Department of Environmental Protection.
The legal battle coming will bear largely on developer SHK’s interference and the State’s determination on the site with a $2.55 million deposit most likely the prize.