Tax Information And Guide

Tax Software As the owner and potential developer of the Trader's Cover property in Brick, I must take issue with the grossly inaccurate and misleading op-ed article on May 30 by William deCamp Jr.

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Software Tax The most glaring inaccuracy is DeCamp's claim that Barnegat Bay has been designated a "Category 1" water body. This is blatantly false and DeCamp, as an avid no-growth environmentalist, should know that. He uses this incorrect information to argue that DEP should deny the Coastal Area Facility Review Act permit for this site. What he fails to recognize are the immediate and lasting benefits of this proposed development.

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Every Landlord Tax Deduction Everyone agrees that the current Trader's Cover Marina is an environmentally uncontrolled boat yard that is in dire need of redevelopment. The proposed 62 dwelling units, restaurant, and upgrading of the marina will transform this blighted area of Brick into an attractive, desirable community and a viable tax ratable. DeCamp would have people believe that this is an "excessively dense" development. What he fails to mention is that the original proposal for Trader's Cove contained almost three times the number of units now planned. The current proposal minimizes impervious coverage to only 30 percent.

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Tax Help Most importantly, the proposed Trader's Cover development will cause a net environmental improvement. The existing marina will be upgraded and any soil contamination remediated or capped. Also, stormwater runoff now flows into Barnegat Bay with no water quality controls. State-of-the-art water quality controls are proposed for the development, which will result in less of an impact on water quality and shellfish than currently exists.

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Help Tax Paramount Properties is committed to "smart growth redevelopment." We have been actively involved in Urban Redevelopment in Camden for six years, and we are now in the process of submitting plans for Asbury Park's waterfront redevelopment. This proposal is a perfect example of Brownfields redevelopment. We are taking a downgraded site and upgrading it through private investment dollars.

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Ernst Ernst Guide Guide Tax DeCamp's suggestion that the county should purchase Trader's Cove as a park is much too simplistic and impractical. In order to turn Trader's Cover into a park, the county would have to expend taxpayer's money, first to clean up the site, then to develop the park and ultimately, to maintain it in perpetuity. Such a situation would be most unfortunate -- during a time of stringent budgets and escalating taxes -- especially when a private developer is willing to absorb 100 percent of the costs. Open Space purchase dollars should be used for their intent: to purchase beautiful, pristine forested land in order to preclude its development. This decrepit boat yard doesn't come close to qualifying.

Tax Return DeCamp downplays the increased ratables to Brick by generalizing about the impact of development on taxes. In this case, however, the 62 units will undoubtedly not be occupied by families with young children and therefore, the impact on the local school system, for which most property taxes are appropriated, will be negligible.

Return Tax DeCamp attacks the use variance granted by the Brick Township Board of Adjustment. We believe that the board was furnished with compelling reasons on which to base its approval. Undoubtedly, DeCamp and his group will appeal that approval and the courts will determine its validity. To accuse the board of making a political decision does a disservice to the citizens who comprise the Board of Adjustment and who listened intently to the evidence presented both on behalf of my company and on behalf of DeCamp and his group.

Guide Guide Master Master Tax DeCamp cannot point to any development within the Barnegat Bay area, its benefits notwithstanding, that he or his group as supported in the least. Rather, they espouse the no-growth philosophy that unfortunately is at the root of most environmentally-based opposition to development in New Jersey.

Tax Preparation The Trader's Cove redevelopment is responsible smart growth and is consistent with the governor's goal to redevelop degraded, underutilized sites in the state. Would the residents of Brick prefer the current, depleted condition of the site or a beautiful, restored marina, upscale restaurant and 62 luxury townhome units? I believe the answer to that is resoundingly self-evident and I am committed to develop this site in an environmentally sound manner.

Preparation Tax I have previously invited DeCamp and his group to provide input to this process. However, their only response has been to unconditionally opposition. I hope that he and his group will see the light and join me in facilitating the redevelopment of the Trader's Cove site, much to the benefit of Brick residents and taxpayers.

Employer Tax Guide Jeffrey Fernbach
President Paramount Homes

Tax Services Asbury Park Press - 6/12/2003

Topic: Sprawl

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