Letters to the Editor: Week of August 22, 2018

Letters to the Editor: Week of August 22, 2018

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The following are letters to the editor submitted to MercerMe.

Zaitz Agreement to Bring Additional Revenue to Hopewell Township

The financial agreement the Hopewell Township Committee entered into with the developer of the Zaitz tract at the HTC’s July 30 meeting is expected to net beyond $90 million more into township coffers than had the agreement not been approved.

Said township attorney Kevin McManimon at the meeting: “Those numbers, over the 30-year term that they’re asking for here, translate into approximately $112 million over the life of the 30-year exemption to the township.” …

For more, please see this link.

 

What Mr. Borders Failed to Tell You

To the Editor: I still remember with nostalgia a time when Democratic and Republican members of the Township Committee were skeptical regarding all dealings with developers.

The financial agreement the Hopewell Township Committee entered into with the developer of the Zaitz tract at the HTC’s July 30 meeting is a PILOT (Payments to Municipalities in lieu of taxes) agreement over 30 years. So, when Zoning Board member Andrew Borders talks about a new $90 million for Township coffers, divide his numbers by 30 for the yearly impact…

For more, please see this link.

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