An audit requested by city officials has uncovered more billing deficiencies in regard to payment in lieu of tax [PILOT] agreements on downtown apartment buildings. The city failed to properly bill close to $282,000 worth of property taxes on the Griffin and Post apartment buildings, according to city manager John “Jack” Kelly. The total amount of […]

Members of the Asbury Park City Council voted Wednesday to finalize an agreement with downtown developer Sackman Enterprises to recoup five years’ worth of payments in lieu of taxes the city failed to bill the developer for. The vote passed 3-1. Deputy Mayor Sue Henderson and Council members Amy Quinn and John Loffredo voted yes. […]

City administration and downtown Asbury Park developer Sackman Enterprises have worked out a tentative agreement on five years’ worth of payments owed to the city on the Steinbach building. The amounts  are owed under a payment in lieu of taxes [PILOT] agreement for the residential portion of the restored building located in the downtown business […]

Downtown Asbury Park developer Sackman Enterprises is disputing the start date for five years’ worth of payments to the city owed on the Steinbach’s building. The calculations are a year off, Sackman said, and the difference in payment is about $100,000 less than the city claims. The amounts in dispute are owed under a payment […]

Downtown developer Sackman Enterprises has paid the outstanding balance owed in payments in lieu of taxes on the 550 Cookman Ave. complex and is in the process of working out the details for payments on the Steinbach’s building. According to city tax collector Jesse Faasen, the approximate $75,000 in payments owed on the 550 Cookman Ave. […]

An Asbury Park official brought to light several issues of monies owed to the city at Wednesday’s City Council meeting, one of which is approximately $700,000 owed by a downtown redeveloper for payment in lieu of taxes. The past administration “did a horrible job” of collecting payments, according to Councilman John Moor. Moor said downtown […]