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Councilwoman Jen Giattino: The stakes are high tomorrow for the hospital and here is the truth

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Greetings from Jen Giattino for City Council
Please attend the Council Meeting tomorrow at 6pm. 

Email and call your councilperson and ask that they support making

Ordinance  Z-139 immediately effective.

Tomorrow night is our chance to close the transaction of the sale

of the Hospital. 

There has been much talk about the great deal HUMC OPCO,LLC
is getting.

The Facts

  • the cost for a monthly residential parking at the midtown garage
    is $185 a month
  • HUMC OPCO,LLC will have access to 400 transponders NOT SPOTS
    at the midtown garage for $45 a month for the first 3 years
  • HUMC OPCO,LLC will have access to 400 transponders NOT SPOTS
    at the midtown garage for $65 a month after that.

The real breakdown

  • Cost per hour of a monthly residential spot 26 cents
  • Cost per hour of a HUMC OPCO,LLC spot during the
    first 3 years  26 cents
  • Cost per hour of a HUMC OPCO,LLC spot after the first
    3 years  37 cents
If the Hospital no longer operates as a Hospital or healthcare facility
the rates of the transponders become whatever the current market rate
of a monthly parking is and all 400 transponders must be paid for.

Even if they only want 100 transponders they must pay for 400.

This is a great deal for the City of Hoboken and its’ taxpayers. 

A YES VOTE TOMORROW
  • saves The Hospital and over 1000 jobs there
  • saves the taxpayers from another tax increase
  • saves city employees jobs.
Please attend the Council meeting. Please urge your council
person to VOTE YES!

Thank You,
Jen Giattino

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