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Fort Lee GOP Starts Petition to Stop Acquisition of Main Street Property

United Republican Club of Fort Lee official says in this Op-Ed that the goal is to collect 2,000 signatures by Dec. 28 and either a referendum on the roughly $2 million acquisition or a reversal of the governing body’s decision.

 

The Fort Lee Republican organization has created an online petition opposing a decision by the Mayor and Council to appropriate more than $2 million to acquire land at 183 Main St., the current location of Woori Bank, for a park on the West parcel of Redevelopment Area 5.

“Fort Lee does not need more debt,” the wording of the petition begins. “If a private venture is interested in a property it should be purchased entirely by this entity. The municipality does not need to be in the speculative business of real estate.”

United Republican Club of Fort Lee vice president Keith Jensen submitted the following Op-Ed regarding the acquisition of the land and the petition to stop it:

Essentially, the Borough of Fort Lee is guising the subsidizing of the acquisition of the property that housed Cosmos for approx. $1.5Million of our tax dollars and now a separate $2 million of our tax dollars towards the purchase of the property where the operating Woori bank building now stands.

The most recent Ordinance on the request for funds to acquire this bank will enable the developer of the larger portion of the location to buy out the present smaller proprietor with our tax dollars, thus making it a subjectively higher than market deal. Problem is the owner has the threat of eminent domain looming over him if he does not take the deal as reported in the North Jersey Article aforementioned in early December.

According to one resident in town, this new park will only serve as “a welcome mat" to the development. As I speak to people around town, we don't see people using it as a park: laying in the sun, throwing a ball around, having a picnic, allowing children to freely play, reading a book next to the busiest intersection on Main Street, etc.  

A 'park' does not work on that corner. A welcome mat to a project does, even though I don't see people being dropped off on this welcome matt, for it would cause further traffic at that intersection.

Nonetheless, I don't believe we should be spending public funds on the bet that the project will go forward. We saw what happened with the failed Xanadau project that needs bailing out by the state or the Revel Casino in Atlantic City, the World Trade Center site and many others where public funds become tied in with private projects.

If the developer wants the property that bad, let private equity spend the $2 million. Fort Lee already kicked in $1.45M to push Cosmos out, and I wish I had caught that ordinance in time. Sadly, I have job where I travel often and few people in this town have the wherewithal to pay attention to day-to-day operations of our elected governing body.

Enough with taking out loans on the backs of the taxpayer as if we don't have enough problem paying our other bills.

What if this property was yours, and you wanted to hand it to your family? The money taken now in a sale will likely not be what it is worth later. It may in fact be worth 10 times that after the development is completed. Nonetheless, any asset should not be taken by the government.

Why is the Mayor and Council pressing so hard for this to happen? What happens after we purchase the property and then the overall developer happens to walk away for any number of reasons? Then, Fort Lee is left without these properties: Cosmos and Woori bank adding to the community not just as a business, but also as a taxpayer. Ultimately, we will be left with these new $3.5 million loans, our taxes will go up and we’ll be further burdened to pay for the pensions that the public employees are still in threat of receiving because we are already in so much debt.

Presently, the public is just starting to become aware of the situation due to a door-to-door non-partisan awareness drive.

We need to obtain 2,000 signatures by the Dec. 28. This goal is to double what is actually needed by law for a question to be put to referendum unless the mayor decides to veto the Council.

Essentially, by signing the [petition], it will notify the Mayor and Council that buying a private property and handing it over to a major developer is the decision of the people. Because the Mayor and Council are speculating on our borrowed money and making a decision on a broken promise recorded during the process of reviewing the proposed four initial development plans.

Encouraging a landlord to sell his property funded in part with public money and not taking eminent domain off the table is a unique method of negotiating by our Mayor and Council; unfairly akin to putting a gun to the landlord and asking him to make a decision between the two options, but in either case to sell. You will see this is what happened with Cosmos and the writing in their deal was “… in lieu of condemnation.”

Consequently, our taxes are to go up, and the town will go in further debt.

In order to force a referendum so the public can decide ‘yes’ or ‘no’ to adding more debt to help a private developer, we need the signatures to make this happen as per the following formula:

The number of voters in the last Assembly race, the ordinance in contention and published articles are attached to reference this formula as per njsa 40:49-27 and njsa 40:49-9:

  • Number of ballots cast in Ft. Lee: 5,903
  • By mail: 348
  • Provisional: 26
  • Sum total: 6,277
  • Of which needed is 15 percent = 942 legitimate signatures
  • Submitted by Dec 28, because that is 20 days after the Ordinance was published.

Let me be clear, I am for this project. I just do not want to see a single dollar of the Fort Lee taxpayer of state funding to possibly launch this especially when this developer is not giving back to the community by way of additional funding to the schools, the fire department or overall public works, which these properties will put extreme demands on an already stressed community.

To make this all simple, the Council can extend by 60 days, which would cover a normal period of the year, for the necessary 942 signatures to be obtained, or more symbolically, Mayor Sokolich could stop the drive to get these signatures and further bring awareness to this issue with his veto of Ordinance 2012-43. By doing so, he will demonstrate integrity to the Borough by honoring his original word that public funds will not be used for this property, thus stopping the Borough Council from increasing our taxes with this $2 Million property loan they just passed.

The petition can be found by clicking here.

  • Do you agree with this petition, and are you going to sign it?

    (Voting has been closed for this question)
    • I agree, and I will sign it
        21 (84%)
    • I disagree, and I won’t sign it
        4 (16%)
    • I haven’t decided yet
        0 (0%)
    Total votes: 25
  • Your vote will only count once. This is not a scientific poll. View Results Vote!
Related Topics: Fort Lee, Fort Lee GOP, Main Street, Online petition, Park, Redevelopment Area 5, Woori Bank, and land acquisition

William Mays

8:17 pm on Tuesday, December 25, 2012

Get a life Keith. You'd rather have that ugly building than a nice park?

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Kathy Lee

11:57 am on Thursday, December 27, 2012

William Mays,
Keith is not saying that at all. Based on your comment, it seems that you have not fully understood his reasons for the petition. Please READ his comments and article again.

Jimmy Lutz

1:22 am on Tuesday, December 25, 2012

Every year I ask Santa for a copy of that "naughty girl" list in my area, and every year I get the same answer: "Not this year Jimmy." Screw you Santa.

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Jimmy Lutz

1:23 am on Tuesday, December 25, 2012

And screw William Mays while you're at it!

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Anna

10:35 am on Tuesday, December 25, 2012

I think there are a lot of questions about this property acquisition and its costs. I agree that there should be more time to secure explanations as to why this transaction was needed and why the town had to pay for it.

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NTomas

11:37 am on Tuesday, December 25, 2012

Agreed, I wonder why the municipality couldn't serve as a broker for this property to private equity bids, with minimal exposure to the tax payer. This is prime real estate in an up-or-down market and it will definitely receive an overwhelming number of competitive bids.

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Fort Lee Truth

12:46 pm on Tuesday, December 25, 2012

It's hard to disagree with anything on the petition. The Democrats have been doing whatever they wanted going back to the Alter days.

There has not been a legitimate watchdog in this town in over two decades. Hopefully, this is a start.

If anyone is gullible enough to believe this will be a "park", please email me as I will be happy to sell you the bridge that is next to it.

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Steve Goldstein

3:35 pm on Tuesday, December 25, 2012

I was wondering why they can't build around the bank building. That building, to the best of my recollection, is fairly new (about 15 years) and quite solid, as opposed to the condemned buildings adjacent to the old Cosmos. As Keith suggests, if the market wants to get rid of that building, it will in the future do so. That will be an awfully small "park."

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peter chin

4:32 am on Wednesday, December 26, 2012

Potentially, this park can be the haven for drug dealing and other dangers.

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Scot Brown

10:01 am on Wednesday, December 26, 2012

That sure looks like a great place for a park. And best look into the real estate deal. It sounds complicated and it does not look like you are getting both sides of the issue.

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Paul Umrichin

12:48 pm on Wednesday, December 26, 2012

I like the idea of green space but that location seems to me would serve primarily the residents of the west parcel of land. I'm concerned that adding a park which the borough will maintain is financially unnecessary. There are other more pressing issues which could be addressed. Maybe working to acquire land to trade the school district for so that we could increase our capacities. Help move the satellite Main St mom and pop resident owned businesses closer to "center" of the business district so they could do better. Increase their traffic, taxes, and income all at once. Even assist resisents with a program which would help several open businesses in town. Have business plans submitted for potential retail businesses and help find investors for ones that would work in our Borough. This plays off the simple saying "think global, act local". Mom and pop need assistance and local government has the opportunity to help local families.

For all I know there is a grand plan which includes all this already but if not there's a couple ideas. There are many ways that money could be used to increase our revenues as opposed to adding another tax burden with no return on investment other than a park at the doorstep of a project with Borough interest but private ownership.

Just curious, who is paying for the pump station upgrades to handle these buildings and the new one at the corner of Hudson Terrace. I was under the impression that it was at or to capacity already.

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Rona

4:08 pm on Wednesday, December 26, 2012

From the following article it says Fort Lee will pay $2mil & the developer $6 mil. for the property. Interestingly the property was valued at $2.4 mil in it's recent assessment & paid a little under $50K in property taxes. Now the town has to contribute to buying the property & the costs to Woori to move & Dr. Rosenberg the property owner for a loss of rental income? Why is this our obligation? For a tiny memorial park of some sort like a bunch we already have around town that are minimally used?

http://www.northjersey.com/fortlee/Fort_Lee_agrees_to_pay_2_million_to_buy_land_for_redevelopment.html?page=all

As a further aside nice to see Demetrakis breaking ground already on the 2 towers, but little since this article about him building the town a new fire department. Also don't forget the town is giving Demetrakis a couple of small parcels on the Eastern tract gratis.

http://www.northjersey.com/news/92764519_Development_firm_promises_to_build_new_firehouse_in_Fort_Lee.html

Enough already! The passage of time makes people forget. At least lets have everything in writing & not promises and posted to the towns website for all to see.

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Al Norton

12:48 am on Thursday, December 27, 2012

Republicans are for responsible economic growth and I support what it takes in Zone V to develop.Mistakes were made in not including this property in Zone V Tucker development.Fix it now or mess be had.!!!

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Keith Jensen

7:32 pm on Thursday, December 27, 2012

$50,000 a year in property taxes will be lost with the adoption of Ordinance 2012-43, as that is the tax revenue on this property.

If Mayor Sokolich does not veto Ordinance 2012-43 tomorrow Friday 27th, the town will incur a $2,050,000 liability on our books. Until the specific financing of this deal are made public, it will take 41 years to break even; notwithstanding the interest on top of this bond which is effectively being used to finance the developer's acquisition of this property.

While we speculate if this is a good investment, cross your fingers that this development on the West parcel takes off, and I hope it does without public financing, for if it does not the town is now on the hook for a $2,000,000 loan and will have lost what is akin to the salary of a full time employee in town. Another way to look at it, is the lost tax revenue wil shortchange about $30,000 a year from the school budget.

As signatures come in, if you have not been able to sign and even if you have, it is best to call Mayor Sokolich’s office at Town Hall directly and ask him, “to veto Ordinance 2012-43”. 201-592-3500 x1500

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John Aslanian

2:43 pm on Friday, December 28, 2012

Keith is a committed public servant, whether he is recognized for it or not. In fact here he is looking out for the folks and people are criticizing him. This is not about the project. On what planet does the taxpayer pay for a "private" project ? Isnt that the definition of crony capitalism ? Nor is this a Republican or a Democratic issue. On the simplest level should taxpayers be burdened another 2 million for a private project ? The next question you have to ask is do you believe in eminent domain ? i.e. can the government can come take your home if someone offers to put up condos resulting in more tax dollars for the government ? PS if you do want to make it political, isnt that what you usually accuse Republicans of ? Making the tax payer pay to enrich private citizens, companies and developers ? The shoe certainly is on the other foot in towns where there has been one party rule for decades. But forgetting that for a moment simply put tax payers should not be on the hook for a private project. If you dont understand that, simply make the example more extreme to make it easier to understand. Would you be in favor of the public paying for the whole thing and then giving it to the developer ? If not, why are you in favor of literally giving the developer 2 million ? Thank you Keith for caring, and there are lot of other good points others brought up.

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G.M.

3:51 pm on Friday, January 4, 2013

Fort Lee is riveted with small faux parks. Methinks its a gambit to get state or county money under the guise of land preservation. Nobody uses or maintains them and the overgrowth just collects.

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G.M.

3:58 pm on Friday, January 4, 2013

By the time the hordes of new residents occupy these two monstrosities the traffic nightmare that will ensue will ensure NOBODY will venture anywhere near the center of town.

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ToyotaThon

2:36 pm on Monday, January 7, 2013

Pigs must have been flying, because Councilman C. openly posted on the article where Keith has a few direct questions to the governing body.
He now proved that he reads these posts. Councilman P.'s wife had her alias exposed, proving that he too reads these posts. Mayor could be William Mays.
Who knows? What we do know is that the Mayor and Council are acutely aware of these comments, yet they do not directly respond. Why is that?

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William Mays

4:48 pm on Monday, January 7, 2013

Yes, I'm the mayor, thats why I posted that it was suspicious that he was on the board of the Bank of New Jersey, what other insightful comments will you make today?

ToyotaThon

6:44 pm on Monday, January 7, 2013

Look pal i post my real name i don't hide behind a computer. Just be straight (even though you're as queer as a $3 bill) with us and let us in on your true identity

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William Mays

6:56 pm on Monday, January 7, 2013

ToyotaThon is your real name? And calling me a queer, real nice. Not only are you a nutjob, you are also a homophobe.

ToyotaThon

2:54 pm on Wednesday, January 9, 2013

First of all, I'm gay myself + I have aids which makes me super gay so you can't play the race card with me pal

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ToyotaThon

3:29 pm on Wednesday, January 9, 2013

I'm calling on the Patch editors to remove William Mays from the Patch on all it's regional sites. Please send this comment to the Patch CEO and CFO in Plainfield. He espouses hate and intolerance in all his posts. Let's turn this into a petition. If we get 25,000 signatures we can get him deported.

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