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 […]