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Yes.
>> The notice requirements of the open

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public saf meetings act has been
satisfied with respect to this meeting.

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Specifically, the time, date, and
location were included in the annual

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notice of meetings adopted by the
municipal council of the Burough Wick

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posted in the administration building 63
Franklin Turnpike Waldick, New Jersey by

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the municipal clerk's office sent to the
Bergen record. Additionally, to the

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extent known in accordance with the open
public meetings act, the agenda for this

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meeting and whether formal actions will
be taken were posted in the

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administration building and per
2025C72

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was also posted on our official Bergen
Burrow of Waldick's website. Clerk,

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please take the role.

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» Mayor Giodano here.
>> Mr. Bick,

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» here.
>> Makola Drake here.

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» Mr. Marello,
>> here.

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» Mr. Richie,
>> here.

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Everyone kindly rise for
pledge of

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» allegiance.
Pledge

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» algiance flag of the United States of
America and to the republic for which it

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stands. One nation under God,
indivisible, with liberty and justice

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for all.
>> Let us have a moment of silence for our

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waring veterans, all veterans across our
country who have given the ultimate

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sacrifice to serve our country. Some
never returning home. uh we can live in

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a land that is free and assembled the
way we are tonight.

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Would the clerk kindly do the prayer?
>> Dear Lord, we start this meeting asking

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for your guidance and wisdom. May we
find unity and fairness the outcome to

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reflect our wishes to assist the burrow
in all their endeavors. Thank you in his

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name. Amen. Amen.

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Tonight, I am honored to recognize Emily
Tambbero, who placed third, receiving

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the bronze medal at the United States of
America Special Olympics National Games

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in Minneapolis. capitalist, Minnesota.
Emily is a lifelong resident of the

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burial of Waldwick. She graduated from
Waltwick High School. She then attended

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Bergen Community College, receiving a
bach bachelor's degree. Emily has been

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participating in the Special Olympics
National Games, playing a variety of

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sports since she was 8 years old. Emily
played tennis last year for our local

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team, the Burden County Aces,
participating at the state summer games.

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and they received a gold medal in
singles and doubles. Those gold medals

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earned them an invitation to try out uh
for

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canoe for team US for team New Jersey.
Team New Jersey selects a limited number

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of athletes who represent the state of
New Jersey and the United States Special

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Olympics National Games in Minnesota.
Emily was very proud and honored to

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represent New Jersey and most of her
hometown Republic. Emily began

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practicing with her team, traveled a
lot, and did a lot of fundraising.

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Through it all, Emily's main goal was to
be the best she can be to win and make

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everyone know how great New Jersey and
Wick is. Emily continued to play tennis

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with her local team Ace Project Love
Match Program, her local instructor, and

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team New Jersey, traveling to Lebanon,
New Jersey on weekends for team

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practices and to prepare for the
national games. Emily and team New

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Jersey were filled with excitement,
enthusiasm, and so eager to tackle the

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challenges that await them. This was
truly an experience of a lifetime for

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Emily and for everyone else that was
part of this the team.

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Team New Jersey arrived along with the
rest of America in Minneapolis,

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Minnesota, and the games began on June
20th. Dirt Week began with three to four

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matches plus daily and daily practices
while qualifying during the

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preliminaries then moving on to the
competitions with the rest of America.

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As Emily competed, she played extremely
well. Also, I was told that she had a

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knee injury and she has a brace on her
knee right now. But through all that,

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she did not give up. She was determined
with courage and ambition to be the best

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she could be. She pres she persevered
through it all with the knee injury and

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at the end Emily never became a quitter.
She was always representing her country

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and representing Waldick with pride and
honor. Emily went on to to become in the

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third of the women's tennis winning a
bronze medal. We are very proud of Emily

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for winning this bronze medal. Emily
made New Jersey proud, especially our

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hometown world. And Emily, you should be
very proud of yourself. You are truly a

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champion. We want to thank you for your
dedication and hard work to the Special

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Olympics of New Jersey and for
representing our great state of New

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Jersey so well as you did with grace and
with sportsmanship. Emily, you trained

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hard and every bit of this and you
deserve every bit of this moment. The

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bronze you received proves your amazing
power and focus. You showed all of us

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what it means to be a true champion.
Your big heart and strong spirit brought

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you to the podium as a hero and we want
to thank you very much and on behalf of

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the mayor and council of Bar Waldwick we
would like to present you with a

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certificate of recognition that
congratulation congratulating you on

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your win and making us so proud of you
and you are truly a Waldwick hero. Thank

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you.

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Thank you. Let us know how you think
about.

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And now what we'll do is we'll have our
uh finance uh chair of the finance

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committee, Mr. Martinalo, give us a
little update about our finances of the

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burough.
>> Thank you, Mr. Mayor. This will just be

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uh brief this evening, just a couple of
updates and then we'll take any

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questions from the council on on budget
process. So, um uh tonight we we did get

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a letter from our adviserss on the cell
phone towers. Uh looks like there are

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some expiring leases and some upside
that we might be able to take uh

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advantage of. We put it out for for bid
on those RFPs. Uh potentially bring in a

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couple more thousands a year in terms of
revenue um for the tower by the DPW and

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the one by the uh the mulch pit.
Tatiana, anything you want to add to

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that on that one?
>> Uh so for for residents who might not be

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aware, we do have two telecommunication
sites in town. one's at the mulch uh

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site and the other is at the DPW. And as
the councilman noted, uh some of those

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agreements are expiring. And when we uh
when the burough brought Peter Lupo on

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from Hop Lake Telecommunications
uh to do an assessment of the rent that

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we were collecting, um there was at the
time there were things going on in the

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market that um made him advise the
burrow to um pursue the avenue of uh of

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actually taking ownership of the polls.
Um, since then there have been some

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rapid changes in the uh telecom
telecommunication space, including the

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recent spectrum sale and chapter 11
bankruptcy filing by Dish Wireless. And

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so this model um is not uh in the best
interest of Waldick at this time. Um

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Peter believes that the bureau can
better achieve immediate objectives by

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rebidding the two expired prime leaseold
interests and um this should bring in

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some competition and some additional
revenue um than than we've been seeing.

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Uh in addition, his office has been
looking through all the agreements and

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uh there's opportunities to um you know,
make sure that all of the uh rents are

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are being paid uh in a timely fashion by
these uh companies and that uh any of

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them who are potentially um receiving
undisclosed rent amounts to Crown Castle

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that uh the burrow is able to capture um
those amounts back uh to the burrow. So

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um Peter and his office have been
working diligently on this. We've been

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um checking in with them and uh you know
we are maximizing to the best of the

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burough's ability the uh
telecommunication uh services that we

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have in town.
>> Thank you. Um next up was you'll start

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to see that there's uh quite an
inventory of of vehicles that are are

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building up in our our lot here. That's
from all of the replacements that we've

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done for DPW and and the police. So
those vehicles and trucks with plows and

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everything will be going up for for
auction. Um um our Lindsay will be

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working on getting that auction
together. We look forward hopefully

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early this fall uh being able to sell
off some of those units and recoup some

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cost and uh bring that into the burrow.
Um additionally, we're continuing to

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monitor the the budget lines. We're
continuing to stay on budget so far this

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year. The only line that we um had any
kind of over John so far was on the snow

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removal. Clearly, it was a very
difficult summer. Um, so we'll continue

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to watch that. Uh, we'll also continue
to watch other other lines with uh with

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department costs. Um, especially as we
head into the summer months with

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vacations and overtime and things like
that. So, we'll we'll continue to

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monitor those things. Um, Tatiana, I
think you want to add on that topic.

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» Uh, no. We can give a report at the next
meeting in August. Uh, we'll look at

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those lines again and uh, as you
mentioned, we are we are on course for

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about uh, midyear uh, for right now.
>> Right. So, at this point, we have no

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other contracts that are uh up for
negotiation other than that cell phone

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tower that we're out on. Um, our PBA
contract will be in our uh open meeting

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discussion today to finalize that. Um,
DPW contract was finalized uh late last

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year, so we're in good shape on our
labor contracts. Um, the next thing

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that's out on the horizon is obviously
our waste management bill, which is a

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large portion of our budget. Um, that's
something that we'll we'll start to look

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at. uh open it up to any members of the
council if you have any questions on

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» Just want to make one other note on the
contract the council has on their agenda

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this evening an extension of a contract
with uh ERRI down at the mulch pit. Uh

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we have concluded the first part of the
agreement with them and um on on

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tonight's meeting uh the council is
being asked to authorize an additional

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2-year agreement with them um at an
increase of revenue for 2026 uh to 27 27

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to 28.
>> Thank you. Forgot about that. Um any

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members of council have any questions
related to budget that you want to bring

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up or any ideas?

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» Great. Thank you everyone. look forward
to uh next uh presentation in a few

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minutes. Mr. Mayor, that's it for now.
>> Okay. Thank you very much. On my report,

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just a couple of items. Uh first of all,
I attended the the junior police academy

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graduation. I want to thank uh Chief
Seafford and the police department that

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did a great job this year. I think they
broke the record of how many students

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were there. It was a great turnout and I
think they learned a lot about safety

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and learned about our community. Also, I
attended the uh bike ride in honor of

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police officer Christopher Cadell. Uh on
Friday, it's his 12th anniversary of his

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death. So, keep him and his family in
your prayers, please. I also went to the

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Walter pool on on Monday to uh say hello
to our new pool manager and to see if

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everything was all right. I met our pool
manager. Everybody there seems that

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they're very happy with is going on. Uh
he told me that there was a save last

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week, which I didn't know about. So,
what I did was I did tell him that I

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will uh reach out to the young woman
that did the save and I will uh see if

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she could come to a meeting and honor
her like we honor everybody else. Also,

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I'd just like to make a quick statement
and then I'll turn it over for for the

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next committee person. It seems that a
couple of days ago a resident posted

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something on social media about me
recusing myself from the Harrison Avenue

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project. Not only did they say that,
they said some things that uh they

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thought that other they thought that
things were being done shady or whatever

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and that uh he would like an answer from
me. Uh the person the moderator of the

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site said why don't you call the mayor
and speak to the mayor of direct instead

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of going on the site. Somebody else went
on the site too and agreed with him. So

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what happened is he re he called he sent
me an email telling me he wanted to

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speak to me and I sent back an email
saying there'd be no problem. How about

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we meet on Monday at 4:30 to talk about
this in my office face to face instead

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of on a on uh Facebook or anything like
that. Uh please let me know the time and

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time is good for you and I still didn't
hear back from him. So I will make a

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statement to him and to everyone else
and I hope this addresses everyone's

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concerns about my recusal. I want to
address questions that have been raised

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regarding my recusal from the Harrison
annual redevelopment application. From

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the very beginning of this process, when
the application first came before the

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planning board, I recused myself from
the decision and decisions relating to

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this matter. This decision was made
before the application was ultimately

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forwarded to the burough council. Prior
to doing so, I sought guidance from the

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planning board attorney, the applicant
legal council, and the burough attorney.

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each advised that under the
circumstances recusal was the

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appropriate course of action. Throughout
my years of public service, first as a

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00:14:20,880 --> 00:14:27,360
councilman and now as a mayor, I have
always relied upon the advice of our

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00:14:25,120 --> 00:14:33,279
legal professionals to ensure that every
matter is handled ethically, fairly, and

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in accordance with the law. At that at
the time the application was before the

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planning board and later before the
burough council, I in intentionally

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chose not to publicly discuss the
reasons for my recusal. My decision was

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00:14:43,760 --> 00:14:51,120
made out of respect for the integrity of
the process and to avoid influencing or

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00:14:49,040 --> 00:14:55,279
appearing to influence the independent
judgment of either board and the

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00:14:53,199 --> 00:14:59,199
members. My goal has always been to
ensure that every applicant, every

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00:14:56,959 --> 00:15:03,279
resident, and every public body receives
a fair and impartial process.

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Unfortunately, there have been rumors
and speculations suggesting that my my

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00:15:06,160 --> 00:15:14,480
recusal was motivated by personal gain,
financial interest, or favors. Those

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00:15:11,519 --> 00:15:18,240
allegations are completely false. My
decision was based solely on following

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00:15:16,240 --> 00:15:22,560
the legal guidance I received and
maintaining the high ethical standards

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expected of public office. Anyone who
knows me understands that I have always

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acted in what I believe to be the best
interest of the burrow and its

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00:15:28,399 --> 00:15:34,720
residents. While I respect everyone's
right to ask questions and seek

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00:15:32,000 --> 00:15:40,000
transparency, I also ask that we engage
in these discussions responsibly and

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avoid spreading unfounded accusations
that unfairly question the integrity of

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those serving our community. I'd like to
thank you for understanding this and

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allowing me to voice my opinions to you.
Some of you might say, well, he's just

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saying what he wants to say or to hear
what he want what you want me to hear.

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This is not true. And if anybody wants
to speak to me about it, you know my

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00:16:00,079 --> 00:16:07,639
email address. You know my my phone
number down in town hall. I'd be more

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than happy to talk to you face to face

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[clears throat]

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» financial administrative committee. Mr.
Monell.

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» Thank you, Mr. Mayor. Unfortunately, I
won't be as brief this time. Um, just

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one other note before I get into the u
meat of the topic here. On the agenda

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tonight, council, you'll see um a
consent agenda item for the body cam

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equipment. This is part of our budget
that we did earlier this year for the

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police equipment uh for body cam, the
upgrades that were needed for that. So,

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that's the large purchase that you'll
see on the agenda for tonight. Um that

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was part of our our capital expenditures
for the year.

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Okay. So, um, I wanted to give the
community kind of an update along the

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lines of what's been going on with, uh,
the Harrison Avenue redevelopment

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project. Um, so to be clear, there's
nothing on the agenda for this evening.

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Uh, there's no introduction, there's no
public hearing on that. Um, but of

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course I wanted to present some
information since there's a lot of uh

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incomplete and some misinformation
that's floating around and uh even the

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fact that some folks were posting that
it was going to be on the agenda tonight

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before an agenda was even released. So
surprised by how that spreads out on

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Facebook. Um so
the history of of where we are right so

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first the area uh that includes the
right aid block down to Harrison Avenue

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um the Rocket property and properties
down on Houston was declared an area in

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need of redevelopment by the council
about five or 6 years ago in a unanimous

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vote. Um that was done because at that
time the the council was looking at the

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future of the budget and surplus funds
and we're looking for ways to increase

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income to the burrow to offset some of
those things. So a redevelopment plan

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was created for that area. Over time, we
got multiple proposals submitted from

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different um developers or different
owners of the properties and many were

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rejected for too high of density, no
retail, uh too tall of a building and so

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forth. So, multiple councils rejected um
plans for different plans that were

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submitted. Eventually, a plan was
selected u only for the Harrison Avenue

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project uh which was purchased those
properties were purchased by Harrison

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Avenue redevelopment LLC which is an
affiliate of DMR which is a a a company

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here located in Waldwick.
This was done unanimously by vote of the

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council. Um everyone approved that plan.
There was a meeting uh an introduction

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of ordinance and a public hearing where
many folks came out like tonight um to

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voice opinions and the council at that
time voted 6 nothing to approve that um

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plan.
The redevelopment plan was then sent

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over to the planning board. It was
reviewed and accepted u by the planning

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board. the professionals in town,
police, fire, um, and building

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maintenance, had plenty of opportunities
to ask questions, made changes to the

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plans, increased fire suppression, etc.,
etc., and it was unanimously, uh, was

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eventually approved by the planning
board and sent back to the council for

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final approval, which was done
unanimously.

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Additionally, the planning board
approved the redeveloper site plan.

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Right? So, the site plan is what they're
actually going to build there. So

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redeveloper approved or the uh a
planning board approved that site plan.

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The council hired independent financial
adviserss and specific redevelopment

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attorney Anna who's sitting up on the
deis with us today um to represent the

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burrow in those negotiations. So no one
um is sitting up here on the back of a

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napkin at uh Nelly's or W's and figuring
it out. We actually hired professionals

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um to do this work for us. A
redevelopment agreement was then signed

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by both parties for the area which set
parameters for construction timeline etc

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with protections for both the developer
and the burrow. That was unanimously

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approved by the this council earlier
this year.

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So why redevelopment? There's a lot of
questions about why we need to

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redevelop.
One, it addresses budget concerns and

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identifies additional areas of revenue
sources.

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00:20:36,000 --> 00:20:42,080
We don't have many different revenue
sources. We don't have a lot of um

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industry in our town like many others do
or retail that many others do. So, uh we

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looked at ways where redevelopment could
bring in additional revenues to the

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town.
Our surplus, as we discussed earlier in

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the budget meetings where some of you
were at, is depleting faster than we

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could tax you out of it. Um what that
means is every year we have to balance

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our budget. We have a bank account, if
you will, a surplus that we've built

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over years, and we use that surplus to
fund the additional part of the budget.

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We aren't the federal government, so I
can't print money, and we cannot deficit

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spend. So, we use that surplus to plug
the budget in hopes that you will recoup

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some of that budget. How do you recoup
it? if you don't spend some of your

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budget lines or you bring in other non-
tax revenue which is higher than

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anticipated just like any other uh
company or your own personal budget. So

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[clears throat] for the past few years
that pendulum has shifted to where we

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use more of our surplus than we were
able to generate to the tune of a

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million dollars last year.
This year we had to raise taxes to stem

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the tide there because there's nothing
further to cut any deeper in terms of

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our budget um without um putting into
risk services,

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police, fire, DPW. Those are things that
we want to make sure our town has every

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service possible. So we keep those in
the budget. So, we had to raise taxes,

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unfortunately, this year over 9% to plug
that budget gap. We have agreement from

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the council that we would seriously look
at uh additional forms of redevelopment

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to bring in more money.
So, why is our budget going up every

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year? There's increasing cost from the
state around benefits are killing small

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towns, boards of education everywhere.
The percent increase is astronomical.

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those things are not uh trending in the
other direction at this point from our

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our our state government unless those
things change. Um the cost will continue

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to go up. If we want to continue to
provide uh multiple days of trash

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pickup, that cost will continue to go
up. We have to look at ways could we um

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look at shared services to continue to
bring down other cost, but our budget

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continues to go up. And our biggest
lines on our budget are salaries, right?

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and pensions and things like that. Those
are non-negotiable for me. I want to

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keep everybody employed. I want to keep
everyone in the town protected and safe.

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What else does redevelopment do? It
encourages business growth growth and

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local econ economic activity. So, we
look around town, right? Probably our

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biggest retail spot in in the area is
vacant for multiple months now. It's

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owned by someone and they can't fill the
property right now.

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You know, when you go by Food Emporium,
it's a brand new uh store in town and

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they're not quite as busy as they were
when they first opened, so maybe they

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need some additional uh foot traffic to
those stores. We have the Odyssey Gym,

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which is probably a second one of our
biggest properties in town. It's vacant.

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Um, so some claim that we don't need a
pilot to revitalize or to invigorate

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investment into the area. I' I'd say the
opposite because we can't fill some uh

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pretty vacant spots in town. The right a
you get thousands of cars that drive

303
00:24:15,360 --> 00:24:21,200
that past there on a daily basis. It's a
huge parking lot. It's a great

304
00:24:19,600 --> 00:24:25,520
opportunity for someone to come into
that spot for some reason. Um it's

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00:24:24,000 --> 00:24:29,279
sitting vacant still and I think they
changed a sign up there over the last

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00:24:27,120 --> 00:24:33,360
couple days saying uh you know space for
rent.

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You want to put underutilized land to
more productive use. So, if you look at

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the area on Harrison Avenue on the
corner past that hair cottage there,

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there was a vacant lot for multiple
years when after the the old hair

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00:24:42,559 --> 00:24:50,000
cottage was was taken down, that spot
has been empty. And then there's been

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those few houses that were next to it.
You know, there were fine houses, but on

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00:24:52,799 --> 00:25:00,880
the older side maybe could bring in some
more revenue. You also have Rocket

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Property, which that um business has
closed or reduced operations. So that

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00:25:03,120 --> 00:25:10,080
property is underdeveloped
and it's in prime location. It's in

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student transit location um which is
highly soughta for people who are are

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looking to commute into the city.
We also have from the state of New

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Jersey requirements on low-income
housing, fair share of housing. We had

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people come here at at a council meeting
and speak passionately about increasing

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the burrow's um um use of low-income
housing in the town. We have submitted a

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plan to the state of what 144 units that
we have to hit. Part of this plan uh

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includes six affordable um housing units
which we get credit for and some that

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00:25:44,799 --> 00:25:52,640
one and a half times credit which help
us meet the 144 units that we have to

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provide. If we don't provide it there,
we have to provide it someplace else.

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We're mandated and audited by the state
to provide low-income housing.

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The re redevelopment plan gives the
burough control over what is to be

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developed and where. No one in town
wanted a five-story building. No one in

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00:26:08,880 --> 00:26:18,559
town wanted a six-story building. No one
in town wants a full low income um unit

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down there of 100 um rental units. I'm
sure we don't want that. Um we want

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something that is lower density. We want
something that brings potential retail

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and brings um you know interest in other
areas around that spot.

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So then what happened with a pilot?
Pilot was proposed several months ago

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not when the original application was
submitted as the right of any

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00:26:44,159 --> 00:26:52,720
redeveloper would be. The pro has
independent financial adviserss in

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00:26:49,679 --> 00:26:56,799
Phoenix and our legal council Anna have
been working with the redeveloper to

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evaluate that proposal. The agreement
would establish a percentage of project

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revenue paid to the burough in lie of
conventional tax payments.

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Under New Jerseys long-term exemption
framework, pilot payments are structured

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00:27:10,240 --> 00:27:17,360
as annual service charges rather than a
traditional tax bill.

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00:27:14,880 --> 00:27:23,440
The county still gets their 5% share
which is stat statutoily obligated under

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00:27:20,720 --> 00:27:30,080
the current exemption law.
Further profit for the redeveloper is

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00:27:26,720 --> 00:27:35,760
capped at 12% by law. So if they make
any profit after expenses from that

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00:27:32,960 --> 00:27:40,080
gross revenue, it goes back statutoily
to the municipality. So, if they're

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00:27:38,159 --> 00:27:44,799
killing it over there and are able to
rent all of their properties and

344
00:27:41,840 --> 00:27:49,360
eventually raise rents or whatnot, that
additional income comes back to the

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00:27:46,880 --> 00:27:54,000
burrow over the length of the of the
agreement.

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Also, over time, there are percentages
within that agreement where conventional

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00:27:56,559 --> 00:28:05,039
tax is compared to the percentage of
revenue that the borrow would collect.

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00:28:01,840 --> 00:28:10,640
So 60 to 80% later in the agreement.
Whichever is higher the borrow would

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00:28:07,039 --> 00:28:15,840
receive. So if the conventional tax at
60 or 80% ends up being higher than the

350
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percentage of revenue we're taking in,
we get the higher number which comes

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00:28:17,919 --> 00:28:23,919
into the burrow which brings in more
money. So the the developer, the

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00:28:22,000 --> 00:28:29,279
redeveloper, the owner of the property
is capped at what they can profit by

353
00:28:27,120 --> 00:28:34,640
law. It's not because the burrow's
playing nice. It's because it's by law.

354
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Right.
Additionally, there's also what thing

355
00:28:37,120 --> 00:28:47,039
called land tax credit.
The developer or redeveloper has to pay

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00:28:42,799 --> 00:28:52,799
the tax on the land, not the um um
improvements, but the land itself.

357
00:28:50,559 --> 00:28:57,760
That credit is then given back in some
accounting treatment, right? But the

358
00:28:54,880 --> 00:29:04,000
land tax would still be included in the
schools appropriation for collecting

359
00:29:01,039 --> 00:29:07,600
that part of the money. So if you we'll
go into an example in a few minutes, but

360
00:29:05,520 --> 00:29:12,159
you think about it, the four or five
properties that were there were paying a

361
00:29:09,760 --> 00:29:18,000
tax that was roughly around 65,000 of
that and a portion of that was going to

362
00:29:14,799 --> 00:29:22,559
um the school. So now the land tax would
be potentially um in that number. So it

363
00:29:20,399 --> 00:29:25,440
would be a little less than 60, not much
because there wasn't a lot of

364
00:29:23,440 --> 00:29:31,039
improvements there, but that portion
would still be attributable to the board

365
00:29:27,520 --> 00:29:35,679
of education budget.
Okay.

366
00:29:33,200 --> 00:29:40,880
The pilot is expected to increase
revenue to the burrow no matter if it

367
00:29:38,559 --> 00:29:44,880
was conventional. the portion that the
burl con uh talks about when we talked

368
00:29:42,720 --> 00:29:49,679
about budget several months ago. We
talked about how the burrow maybe keeps

369
00:29:47,120 --> 00:29:54,559
about 20% of your tax revenue comes to
the to the municipality. Uh 60s

370
00:29:52,559 --> 00:29:59,520
something% go to this to the board of
education and some percentage goes to

371
00:29:57,279 --> 00:30:04,000
the county. So, if you look at a
comparison of the revenue generated by

372
00:30:02,320 --> 00:30:09,200
the pilot, which I can't get into
specifics tonight because that agreement

373
00:30:06,320 --> 00:30:13,679
is not ready for um presentation to all
of you, we would still bring in more

374
00:30:12,000 --> 00:30:18,159
than what the conventional tax would
bring to the barrel.

375
00:30:15,679 --> 00:30:24,720
So, win for us,
right? The project is limited in density

376
00:30:21,679 --> 00:30:30,960
and number of units and includes retail
and low-income housing. So those things

377
00:30:27,760 --> 00:30:36,000
take down the financial benefit to the
owner of the property. If we're telling

378
00:30:33,440 --> 00:30:40,399
them you can only build x number of
units, that's how much rent he can take

379
00:30:37,840 --> 00:30:47,200
in. If we're telling him you have to
include affordable housing, that's less

380
00:30:44,480 --> 00:30:51,279
rent to him. So, if we know how the low
uh low-income housing works, the rest of

381
00:30:49,279 --> 00:30:56,080
the community in that development have
to compensate for the lower income of

382
00:30:54,159 --> 00:30:59,679
rent that's coming in from the folks
that are paying low-income housing

383
00:30:57,919 --> 00:31:04,640
pricing.
We also asked for retail on the first

384
00:31:01,840 --> 00:31:08,960
floor. The retail space, which might be
subdivided into three or four locations,

385
00:31:06,640 --> 00:31:14,240
will bring in less revenue than a rental
would bring in. So that li further

386
00:31:11,360 --> 00:31:19,440
limits the developer's ability to uh
have revenue stream on it.

387
00:31:17,600 --> 00:31:24,240
The smaller scale and lower income
potential uh reduces developers

388
00:31:22,080 --> 00:31:28,559
projected return,
right? And we compare that to what

389
00:31:26,559 --> 00:31:34,320
happened at the station, right? The
station property was 120 units or so so

390
00:31:32,000 --> 00:31:38,559
far about more than double the number of
units that we're putting in here. So the

391
00:31:36,399 --> 00:31:43,600
station didn't need a pilot program
because they had higher number of units

392
00:31:41,200 --> 00:31:48,559
to tell their bank here's the revenue
I'm bringing in. I don't know if any of

393
00:31:45,919 --> 00:31:53,600
you are developers or builders or what
whatnot but or investors but the way it

394
00:31:51,440 --> 00:31:57,840
works today as I understand it from
reading is people want to make money on

395
00:31:55,679 --> 00:32:01,120
the bank's money. I'm not going to put
out all the money that I have in my bank

396
00:31:59,360 --> 00:32:06,399
account and then try to make money from
it. I'm going to borrow that money and

397
00:32:03,279 --> 00:32:10,159
try to earn income at a higher rate than
I'm paying in interest. That's called

398
00:32:08,159 --> 00:32:15,120
cash flow. That's what any developer
will try to do. So, they'll present a

399
00:32:11,760 --> 00:32:19,360
plan um to the financial adviserss and
look at it and say, "We need a pilot to

400
00:32:17,600 --> 00:32:23,679
make these numbers work because if we're
paying at the conventional tax rate, um

401
00:32:21,600 --> 00:32:28,000
the rate of return won't work." And no
matter how good a redeveloper is or a

402
00:32:26,159 --> 00:32:34,480
business owner is, none of us own a
business um from the goodness of our

403
00:32:30,720 --> 00:32:38,399
heart to make money.
The project must be financable by a

404
00:32:36,240 --> 00:32:43,360
bank. So the bank needs to have
asurances by looking at the structure of

405
00:32:40,640 --> 00:32:48,240
a deal and sign off on that to give
funding to whoever a developer is. Just

406
00:32:46,320 --> 00:32:50,880
like you were in a small business, if
you would say, I'm going to open a

407
00:32:49,679 --> 00:32:55,279
business and I need a small business
loan. I need to provide projected

408
00:32:53,120 --> 00:33:00,880
financials. I need to provide P&Ls. I
need to say this is how much money I

409
00:32:56,720 --> 00:33:04,240
bring in. How can I get that loan?
The redevelopment agreement that we

410
00:33:02,480 --> 00:33:08,799
signed and that the developer signed
also includes safeguards for the burrow,

411
00:33:06,559 --> 00:33:12,720
including timelines on construction,
payment obligations, and other

412
00:33:10,640 --> 00:33:19,679
compliance requirements,
including audited financial statements,

413
00:33:15,360 --> 00:33:24,480
which are required by law um from a CPA.
uh can't be uh you know me fiddling it

414
00:33:22,720 --> 00:33:30,799
out here. I'm not a CPA. Has to be done
by a CPA firm and submitted annually.

415
00:33:28,399 --> 00:33:37,840
So we move on now to school impact which
is another uh you know big point of

416
00:33:33,039 --> 00:33:43,120
this. So um as our financial adviserss
have said here the school district is

417
00:33:39,440 --> 00:33:48,240
funded at 100% of its approved budget.
I'll repeat that line. It's 100% of its

418
00:33:45,760 --> 00:33:56,000
approved budget. So how does it work
Joe? Right. So, the school budget tax

419
00:33:52,480 --> 00:34:03,600
levy for the last 3 years, okay, 2024
school year was 33.5 million. For the

420
00:33:59,440 --> 00:34:10,159
2025 school year was 34.6 million and
for the 2026 school year is anticipated

421
00:34:06,640 --> 00:34:15,040
to be $36.3 million. That's your tax
revenue.

422
00:34:12,320 --> 00:34:18,079
Add in the state and federal aid and
other income from capital or whatnot

423
00:34:16,800 --> 00:34:22,079
that they have. If you start looking at
their financial statement that's that's

424
00:34:19,520 --> 00:34:32,720
produced on online just like ours are is
in 2024 was 44.5 million in 2025 42.7

425
00:34:27,919 --> 00:34:38,480
million and in 2026 44.2 million. So in
our example we're going to take 36

426
00:34:34,240 --> 00:34:42,159
million is what you all pay. Okay for
simple math I'm going to make the

427
00:34:40,399 --> 00:34:46,320
assumption that there are 4,000
taxpaying residents in Waldwick. That's

428
00:34:44,879 --> 00:34:49,200
a little bit high, but I'm trying to
make the assumption and make the math

429
00:34:47,760 --> 00:34:55,040
work because it's late and I don't want
to make uh decimal points. So, if I take

430
00:34:52,079 --> 00:35:01,520
36 million and divide that by 4,000
taxpaying homes, I get $9,000.

431
00:34:58,400 --> 00:35:05,520
$9,000 each of you is what is attributed
to uh the school to the world board of

432
00:35:03,599 --> 00:35:10,079
education.
Let's estimate

433
00:35:07,839 --> 00:35:16,640
that all of the houses are worth the
same in that scenario. My house is worth

434
00:35:13,119 --> 00:35:21,359
less. I pay a smaller portion. If uh the
mayor's house is worth more, he pays a

435
00:35:18,960 --> 00:35:26,000
higher portion. Right? So, it's all
proportional. It's filled out by um the

436
00:35:24,079 --> 00:35:33,760
the county and they fill out those those
calculations for us. Let's estimate that

437
00:35:29,200 --> 00:35:38,880
that 9,000 is roughly 65% of your total
tax bill. Let's estimate that your total

438
00:35:36,079 --> 00:35:44,880
tax bill is around 14,000. I know many
of you will say, "My tax bill is much

439
00:35:40,720 --> 00:35:49,839
higher than that." Sorry. Um the balance
of that difference between 14,000 and

440
00:35:47,119 --> 00:35:54,800
9,000 is the portion that goes to your
county tax and the portion that goes to

441
00:35:52,000 --> 00:35:58,800
the municipal tax. Right? So large
portion goes to school. Small portion

442
00:35:57,119 --> 00:36:05,119
goes to the county. The rest of it comes
to municipality. Now let's build 10 new

443
00:36:02,240 --> 00:36:08,400
homes. Let's knock down Burough Park and
build 10 new homes. Nobody owns that

444
00:36:06,800 --> 00:36:16,560
property. I'm going to build 10 new
homes there um for development.

445
00:36:12,640 --> 00:36:22,400
The school doesn't get the additional 10
* 9,000 of 90,000.

446
00:36:19,599 --> 00:36:28,760
So they don't get 36 million and 90,000.
Their budget remains the same. The

447
00:36:25,280 --> 00:36:28,760
increase of 9,000

448
00:36:28,960 --> 00:36:43,200
is then spread out over all of the 4,0
homes now. So now your uh bill is $8,977

449
00:36:40,880 --> 00:36:50,079
that's due to the board of education. So
maybe it's 64% of your tax bill. Your

450
00:36:47,599 --> 00:36:55,520
municipal taxes are not impacted in that
calculation. Your county taxes are not

451
00:36:53,599 --> 00:36:59,200
impacted in that calculation. Those are
calculated separately. It's all put

452
00:36:57,599 --> 00:37:03,760
together. That's how they come up with
these fancy number of 65% of your your

453
00:37:02,079 --> 00:37:07,839
bill is school. That's not the way it
works. It doesn't say your house is

454
00:37:05,920 --> 00:37:12,400
worth 500,000. I'm multiplying it by
65,000. That 65% I'm taking that tax

455
00:37:10,720 --> 00:37:16,720
revenue and giving it to the school.
That's not the way it works. It's a

456
00:37:14,400 --> 00:37:22,359
budget-based number. It's divided up
across the the community.

457
00:37:19,359 --> 00:37:22,359
Okay.

458
00:37:23,440 --> 00:37:30,560
The dollars for the new home are just
added into the pool available for the

459
00:37:28,240 --> 00:37:35,520
board of education calculation.
It's like if we were to take um homes

460
00:37:32,720 --> 00:37:41,280
off of the role, that's taken out of
that pool. So then your portion of the

461
00:37:39,359 --> 00:37:46,240
school budget would go up because
there's less homes. If we knock down

462
00:37:43,680 --> 00:37:50,960
three homes, consolidate them, and the
the the council approves a tax abatement

463
00:37:48,880 --> 00:37:55,599
on three homes because they're combining
it to one, whatever, it could come out

464
00:37:53,440 --> 00:38:00,079
to a little bit different.
So adding a new home does not

465
00:37:57,760 --> 00:38:04,079
automatically increase the total amount
of funds going to the board of

466
00:38:01,200 --> 00:38:08,720
education. So dispelling that myth
instead a new taxable property can

467
00:38:06,800 --> 00:38:15,040
affect how this existing school tax
level is spread across the tax base.

468
00:38:11,760 --> 00:38:20,320
School budget is not directly
proportional to the number of students.

469
00:38:18,160 --> 00:38:26,880
Enrollment over the past 3 years from
the school budget has decreased. In

470
00:38:23,040 --> 00:38:35,119
2024, we're at 1563.
In 2025, 1,529

471
00:38:30,560 --> 00:38:40,079
and 2026, 1,517.
Out of those, there's 252 students who

472
00:38:37,920 --> 00:38:44,560
are special ed, that number was the same
for all three years. Maybe in 2024 was

473
00:38:42,240 --> 00:38:50,240
253.
So, you could see even though the number

474
00:38:47,440 --> 00:38:54,320
of students reduced, your tax bill
continued to rise. So it's not

475
00:38:52,320 --> 00:38:59,119
proportional.
Even if I added 20 students, I'm still

476
00:38:57,200 --> 00:39:03,359
below the number of students that was
there 3 years ago.

477
00:39:02,079 --> 00:39:06,880
So keep that in the back of your mind
for a few minutes.

478
00:39:05,359 --> 00:39:11,520
So the Rucker study, we had
professionals, the financial adviserss

479
00:39:08,560 --> 00:39:16,720
look at it and study uh bringing in 44
new units or 42 units, whatever the

480
00:39:13,680 --> 00:39:21,119
number is. What's the potential impact
to the school? So the Rucker's

481
00:39:19,280 --> 00:39:27,280
calculation comes up with about 20
potential students for the development.

482
00:39:24,640 --> 00:39:32,480
We look at anecdotal evidence and look
at the station apartments which is we

483
00:39:29,839 --> 00:39:36,720
already said earlier about 120 units. Uh
current students on the role from

484
00:39:34,000 --> 00:39:41,280
station apartments is nine.
Right? So that's a lot lower than 20 at

485
00:39:39,200 --> 00:39:49,200
a a complex that's more than double the
size. So we can still use 20 as our our

486
00:39:45,680 --> 00:39:53,280
estimate for what we're looking at.
Another thing I saw on Facebook was the

487
00:39:51,040 --> 00:39:57,359
cost of pupil, right? So, someone took
the math and said, "Uh, look at the

488
00:39:55,520 --> 00:40:02,560
board of education budget. The number is
about 23,000 for a total cost of pupil.

489
00:40:00,720 --> 00:40:06,960
You multiply that by 20, you get
$400,000 a year. How does the math work,

490
00:40:04,800 --> 00:40:12,640
councilman?" Well, that's not quite
right. That total cost is everything in

491
00:40:10,800 --> 00:40:16,720
the board of education. That's the
principles. That's the superintendent.

492
00:40:14,800 --> 00:40:20,960
That's the school nurses. That's the
building facility staff. That's the

493
00:40:18,720 --> 00:40:25,359
coaches. That's the basketballs. That's
the footballs. That's the gym uniforms.

494
00:40:23,119 --> 00:40:29,599
That's everything else that gets there.
And divide it by 1500 and it comes out

495
00:40:27,760 --> 00:40:32,640
to somewhere around 23,000. There are
certain lines that come out. Couldn't

496
00:40:31,040 --> 00:40:36,400
quite figure out the the number of where
that comes from, but it gets pretty

497
00:40:34,320 --> 00:40:40,000
close.
Then there's a line that says classroom

498
00:40:38,160 --> 00:40:45,839
instruction. the classroom instruction
per pupil is about $15,000 per pupil.

499
00:40:44,320 --> 00:40:51,040
And then the next line says the
classroom salaries and benefits, so

500
00:40:47,520 --> 00:40:55,440
teacher salary is $14,000.
So when I start looking at those

501
00:40:52,720 --> 00:40:59,040
numbers, uh the cost to me is the
marginal cost. What's the marginal cost

502
00:40:57,200 --> 00:41:05,200
of adding a student? It's probably
somewhere between 1 and 5,000. Not

503
00:41:01,920 --> 00:41:11,440
23,000, not 15,000. It would only be
that if I needed to add teachers. So,

504
00:41:08,480 --> 00:41:15,440
how do we add teachers? So, if we said
we're going to take 20 kids at the high

505
00:41:13,680 --> 00:41:19,599
end of the estimate compared to the nine
at station, we're going to take 20. If

506
00:41:17,839 --> 00:41:25,119
all the kids were in the same grade, all
in fifth grade going to Crescent School,

507
00:41:22,400 --> 00:41:30,240
all 20 kids, maybe I need to hire a new
fifth grade teacher to come into that

508
00:41:27,040 --> 00:41:34,640
classroom. But in actuality those 20
students are spread over three schools.

509
00:41:32,480 --> 00:41:40,400
Crescent school, Waldo Middle School,
Waldo High School across 13 grades. So

510
00:41:38,480 --> 00:41:45,200
what's the likelihood of all 20 kids
being in the same grade? Probably pretty

511
00:41:42,560 --> 00:41:49,760
low. Some won't be school age. Some will
be over school age. Some will be in

512
00:41:47,599 --> 00:41:54,480
first grade. Some will be in 8th grade.
So it's probably an average if you took

513
00:41:52,000 --> 00:41:59,920
20 divided by 13 somewhere a little over
one um per grade. I don't think we would

514
00:41:58,079 --> 00:42:03,599
have to be adding too many teachers at
one per grade. I don't think we're

515
00:42:01,839 --> 00:42:07,359
building new buildings. I don't think
we're adding a new principal. I don't

516
00:42:05,280 --> 00:42:11,359
think we're adding a new superintendent.
So really, in my opinion, from looking

517
00:42:09,520 --> 00:42:16,000
at the numbers, it's the marginal cost
that you have to look at, not just the

518
00:42:13,200 --> 00:42:20,079
total cost per pupil.
Okay?

519
00:42:18,240 --> 00:42:24,400
And I'll further add, right? So we're
talking about 20, we're talking about 42

520
00:42:21,680 --> 00:42:29,920
units. Seven of those units are
single-bedroom homes or apartments. So

521
00:42:27,520 --> 00:42:34,880
that the likelihood of those producing
additional children for the for the uh

522
00:42:32,480 --> 00:42:39,760
system is low. So we're really talking
somewhere around 35 units that could

523
00:42:37,680 --> 00:42:45,040
produce additional kids because they're
two and three bedrooms.

524
00:42:42,240 --> 00:42:50,720
We're also talking about a commuter
location which is close to transit. So

525
00:42:47,680 --> 00:42:55,040
you're looking at people who are maybe
single, maybe working in New York City

526
00:42:53,040 --> 00:42:58,800
and commuting into work and looking for
a place that's close to train station to

527
00:42:56,720 --> 00:43:03,599
improve their their commute. I commute
to New York City sometimes. I know it's

528
00:43:00,560 --> 00:43:08,079
not fun even from Walden.
All right. So in summary, a lot of due

529
00:43:06,240 --> 00:43:10,960
diligence, as you can tell, has gone
into this so far. A lot of learning, a

530
00:43:09,920 --> 00:43:16,480
lot of reading. I didn't know anything
about a pilot program about 6 months

531
00:43:12,400 --> 00:43:22,640
ago. I've listened to uh our development
experts and Anna and Brian. I've done a

532
00:43:19,520 --> 00:43:30,000
lot of reading. I've looked at the bad
pilots that people post about Hackinack

533
00:43:25,599 --> 00:43:35,520
and Jersey City and Mount Laurel um and
Patterson. Um those towns are are

534
00:43:32,960 --> 00:43:40,880
different than than Wald for sure.
They're talking about mega projects,

535
00:43:38,240 --> 00:43:46,880
hundreds of units, much different scale
than we're talking here about 40 units.

536
00:43:43,680 --> 00:43:49,359
Also, I look at the DCA website, which I
learned from actually one of the folks

537
00:43:48,079 --> 00:43:54,720
that sitting out here tonight, where
they list all the pilots, and I look at

538
00:43:51,680 --> 00:43:59,119
Allenale has five pilots. People are
saying that Waldwick doesn't need to

539
00:43:56,720 --> 00:44:03,920
incentivize development um because
we're, you know, in Bergen County, we're

540
00:44:01,920 --> 00:44:09,520
a good town. We should we shouldn't need
to do that. But Allenell's probably more

541
00:44:06,160 --> 00:44:12,640
affluent than us and they have five five
pilots and I don't hear anybody

542
00:44:11,040 --> 00:44:17,119
reporting that Allenell's pilots are
going poorly. You I'm hearing about

543
00:44:14,640 --> 00:44:22,319
Hackin Sachs for sure. Um it's a
different different community.

544
00:44:19,359 --> 00:44:27,520
So our professionals and council have
worked on negotiating a financial deal

545
00:44:24,720 --> 00:44:30,720
that would benefit the burrow and we are
doing this on the back of a napkin at

546
00:44:28,960 --> 00:44:34,319
the bar.
Without a pilot, the redeveloper will

547
00:44:32,640 --> 00:44:38,960
have to determine if the project is
achievable in the current plan.

548
00:44:37,280 --> 00:44:45,520
They would have to either leave it
vacant, try to do it without a pilot,

549
00:44:42,960 --> 00:44:50,640
or potentially come back to us and say,
"Council, I can't do this project the

550
00:44:48,000 --> 00:44:56,960
way you want it at 42 units and still
get it financable. Can I build 20 more

551
00:44:53,440 --> 00:45:00,240
units? Can I add a floor? Can I do these
things?" And I know we hear from all of

552
00:44:58,800 --> 00:45:03,200
you that we don't want to do that. We
don't want to make it taller. We don't

553
00:45:01,440 --> 00:45:06,960
want to make it higher density. We want
to have some green space there. So,

554
00:45:05,440 --> 00:45:12,560
those are things that I don't think we
really want to do,

555
00:45:09,040 --> 00:45:17,599
right? So, the redevelopment helps us
meet our fair share of housing, which we

556
00:45:15,359 --> 00:45:21,520
worked hard to be in compliance with. A
lot of communities are not as well as

557
00:45:19,119 --> 00:45:24,800
us. Thanks to Craig and councils before
us who have worked hard to stay in

558
00:45:23,280 --> 00:45:30,240
compliance with that number, and we are
compliant. We are 144, 147 units,

559
00:45:28,480 --> 00:45:34,640
whatever it is. we are in good shape
there for the next 10 years

560
00:45:32,800 --> 00:45:42,240
meeting our requirement without having
to build a um a housing low-income

561
00:45:39,119 --> 00:45:45,119
housing project which could be bigger
and we wouldn't be able to control it

562
00:45:43,680 --> 00:45:49,760
because the state could sue us and tell
us to do it.

563
00:45:47,680 --> 00:45:52,880
A pilot program could bring in more non-
tax revenue to the burough than what we

564
00:45:51,680 --> 00:45:56,240
were currently collecting on those
properties. Much more than what we were

565
00:45:55,280 --> 00:45:59,839
currently collecting on those
properties.

566
00:45:57,920 --> 00:46:03,520
When a full presentation is made for a
public hearing, all residents will be

567
00:46:01,920 --> 00:46:09,599
welcome to have questions, make their
opinions known. I do ask that everyone

568
00:46:07,440 --> 00:46:13,520
come with an open mind and listen to all
the facts, not just the one-sided

569
00:46:12,000 --> 00:46:17,680
opinions that are on social media right
now.

570
00:46:15,839 --> 00:46:21,680
In the end, the full council will need
to vote on the presented pilot

571
00:46:19,440 --> 00:46:26,640
application. We'll need to listen to the
concerns of all of you

572
00:46:24,240 --> 00:46:31,640
and those who support the pilot and make
a decision that we think is best for the

573
00:46:28,640 --> 00:46:31,640
bureau.

574
00:46:31,680 --> 00:46:37,680
That's all I have to report tonight.
Obviously, an open comment. Many of you

575
00:46:35,520 --> 00:46:41,520
are welcome to answer questions, but
there will be no public debate on this

576
00:46:39,359 --> 00:46:46,800
tonight as it's not on the agenda. Thank
you, Mr. Mayor. Sorry for length.

577
00:46:43,599 --> 00:46:50,560
» Thank you. Fire protection committee.
Mr. Bren,

578
00:46:47,920 --> 00:46:56,079
» Mr. Mayor and uh
in lie of the time I think I'm going to

579
00:46:52,720 --> 00:47:00,000
uh keep my comments till uh next month.
>> Oh, okay. Thank you.

580
00:46:58,319 --> 00:47:03,440
» Public safety committee and recreation
and health committee, Mrs. Miss Windgate

581
00:47:02,000 --> 00:47:08,400
is out of state with the family on
vacation. Before she left, she told me

582
00:47:05,520 --> 00:47:13,280
that she'll do a double uh review of
everything when she gets back. And also

583
00:47:10,880 --> 00:47:17,492
um Mrs. Smith, she's in another country
on vacation. She'll do the same thing.

584
00:47:15,440 --> 00:47:21,040
Public voice committee, Mr. Richie. Oh,
[clears throat] thank you. And it's so

585
00:47:19,040 --> 00:47:24,960
good to see everyone here. Packed room.
Every every seat is full. It's a It's

586
00:47:23,520 --> 00:47:29,599
not something that we're used to seeing.
So, it's uh I welcome the community

587
00:47:26,720 --> 00:47:33,440
involvement. I uh first want to say uh
you know, big up to the uh public works

588
00:47:31,599 --> 00:47:39,680
committee. We've had some big storms
over the last uh couple weeks to to

589
00:47:35,839 --> 00:47:43,839
month. Um and as a an avid runner uh
going through town and through other

590
00:47:41,200 --> 00:47:47,520
towns, you can see the uh it's not
pretty. Katie's laughing. It's not a

591
00:47:45,920 --> 00:47:51,440
pretty sight when I run, but as an avid
runner, you you come across all the

592
00:47:49,680 --> 00:47:56,800
debris that falls. And what I will say
is uh my traditional route to run goes

593
00:47:54,480 --> 00:48:02,079
through Waldwick down Sheridan Avenue.
And what I can say is Waldwick's uh

594
00:47:59,839 --> 00:48:06,319
sidewalks were very clean. And as I run
through other towns, there was debris up

595
00:48:04,480 --> 00:48:09,599
into and including this week from the
the past storms. So, I think our DPW

596
00:48:08,240 --> 00:48:13,839
does a really good job of kind of
cleaning up after uh these storms. It's

597
00:48:12,160 --> 00:48:17,119
it's a lot of work in in addition to
everything else that they've done. I

598
00:48:15,760 --> 00:48:23,200
have some other comments that I'd like
to make on on redevelopment because of

599
00:48:19,599 --> 00:48:27,359
uh I I I surmise you're all here for uh
comment or to hear on that. So uh I can

600
00:48:25,520 --> 00:48:31,359
say that now or wait till old business
mayor. It's

601
00:48:29,040 --> 00:48:35,440
» Yeah. So thank you. So I I'll do it now.
I won't be as as long as uh the council

602
00:48:33,839 --> 00:48:39,920
president. That was really eloquent. I
just want to say that I agree with,

603
00:48:37,040 --> 00:48:44,160
double down with and uh uh empathize
with everything that you've said. Uh I

604
00:48:42,000 --> 00:48:49,920
too have though um you know thought to
myself uh this is a process that's been

605
00:48:47,040 --> 00:48:55,119
going on for the last 5 years. Uh we uh
we really initiated the idea of

606
00:48:52,160 --> 00:48:59,760
redevelopment uh when when when really I
think Katie and I won back in in 2021

607
00:48:57,680 --> 00:49:05,200
2022. I honestly can't even remember
anymore. But um but uh I think that

608
00:49:03,599 --> 00:49:09,760
obviously the community is now very
interested in what we're doing. Uh which

609
00:49:07,280 --> 00:49:14,400
is great and I welcome the feedback. I
welcome the support or uh the uh the the

610
00:49:12,720 --> 00:49:17,440
opposition. I think community
involvement is what makes these

611
00:49:15,680 --> 00:49:21,599
decisions fun and I think it's what
makes them uh ultimately the right

612
00:49:19,440 --> 00:49:24,880
decision. Um I will say that I
understand your frustration and I

613
00:49:22,800 --> 00:49:30,400
sympathize with it. We're taking uh uh
we're taking our time here as we uh

614
00:49:27,520 --> 00:49:32,880
evaluate the pilot. We are uh we're not
going to rush to a decision, right?

615
00:49:31,839 --> 00:49:35,359
We're going to try to make the right
decision. What's in the best interest of

616
00:49:34,319 --> 00:49:39,839
the borrower? What's in the best
interest of you? We also live here,

617
00:49:37,440 --> 00:49:44,079
right? It's sometimes I think people
forget that we also live here. We're

618
00:49:41,520 --> 00:49:47,440
also taxpayers. We're subject to
everything that gets passed up here. Uh

619
00:49:46,319 --> 00:49:49,920
but we're not going to rush. We're going
to take our time. We want to make sure

620
00:49:48,640 --> 00:49:55,200
that this is the right decision. This
isn't uh an undoable uh decision, right?

621
00:49:52,960 --> 00:49:59,680
Once we make this, it's not like we can
uh you know, call time out and do over

622
00:49:57,119 --> 00:50:04,319
16 months from now. So, I do appreciate
the the patience. Um, and when the time

623
00:50:02,319 --> 00:50:09,280
is right, as as the council president
said, we will have a uh give everyone an

624
00:50:06,480 --> 00:50:13,839
opportunity to speak uh in support or or
against it. That notwithstanding, I I am

625
00:50:12,240 --> 00:50:19,359
intrigued by some of the things that
I've seen on social media of late. Uh

626
00:50:16,800 --> 00:50:24,720
particularly associated with the
comparison of Waldwick to uh the

627
00:50:22,319 --> 00:50:28,880
Hackinack redevelopment and and pilot
projects. Um, I have an office in

628
00:50:26,880 --> 00:50:34,480
Hackinack, so I spend a lot of time down
there. And I can tell you that, uh,

629
00:50:31,359 --> 00:50:40,960
subjectively, Hackinack is not is not
Waldwick. Um, it's a big city. You'd

630
00:50:37,680 --> 00:50:46,720
have to combine Waldwick with Allenale,
Hocus, Saddle River, Ramsay, and Midland

631
00:50:44,319 --> 00:50:53,760
Park to get a applesto apples comparison
on a per capita uh analysis of of

632
00:50:50,480 --> 00:50:59,040
Hackinack to to Waldwick. So, um I found
it intriguing that there were uh there

633
00:50:56,079 --> 00:51:04,160
was a group in town uh led by formal
council uh uh folks who uh voted

634
00:51:02,160 --> 00:51:09,680
unanimously uh in support of this
project uh comparing this to to

635
00:51:07,280 --> 00:51:15,839
Hackinac. Um I just don't think that
that's the case. Uh so I dug I dug deep

636
00:51:12,079 --> 00:51:19,920
and I will agree that I think Hackinac
may have they they may have overdone it,

637
00:51:17,599 --> 00:51:26,000
right? They may be overutilizing this
tool. Uh I believe that in the near term

638
00:51:23,040 --> 00:51:31,839
they have implemented 28 uh pilot
programs, right? Uh with no no less than

639
00:51:28,800 --> 00:51:37,359
3,000 new uh residential units placed
within that city. Um I did the math and

640
00:51:35,280 --> 00:51:42,000
I had people check it. That's 28 times
more pilots than we're discussing now

641
00:51:39,520 --> 00:51:46,480
and 50 times more residential units that
we're even considering for this project.

642
00:51:43,760 --> 00:51:50,960
Right? So uh it's it's it's really not a
fair comparison and uh and I think it's

643
00:51:48,720 --> 00:51:54,720
misinformation. And I would urge uh
those of you who are interested in

644
00:51:52,559 --> 00:51:59,599
looking at success or lack of success of
pilots to look at our neighbors in

645
00:51:57,040 --> 00:52:03,440
Midland Park and uh and Allenale as the
council president said who have both

646
00:52:01,119 --> 00:52:08,880
implemented pilots. Uh and I'll and I'll
leave it to you to decide whether it's

647
00:52:04,960 --> 00:52:14,480
been successful or not. Um uh and and uh
and so I think that um you ought to look

648
00:52:12,079 --> 00:52:19,040
at uh the folks that are putting this
information out there, right? Uh we've

649
00:52:16,720 --> 00:52:24,559
also seen kind of claims on social media
that uh this will absolutely raise our

650
00:52:21,680 --> 00:52:29,359
taxes, right? Um and and what I would
say is I welcome the detailed financial

651
00:52:26,720 --> 00:52:35,599
analysis on how this will raise our
taxes, right? I'm just a lowly uh a

652
00:52:32,800 --> 00:52:39,040
lowly civil servant. So um you know, I
would like to incorporate that

653
00:52:37,040 --> 00:52:44,480
information into the information that we
have uh at hand as we uh as we decide on

654
00:52:42,240 --> 00:52:49,280
this pilot. So, if a detailed financial
analysis was performed by a business

655
00:52:46,319 --> 00:52:52,319
owner in town, um, uh, I'd welcome the
opportunity to see that. I'd like to

656
00:52:50,880 --> 00:52:57,680
look at the variables. I'd like to look
at the, uh, the, uh, the the basis. I'd

657
00:52:55,599 --> 00:53:01,440
like to look at all of the, uh, the
details that went into that to to

658
00:52:59,359 --> 00:53:04,880
basically say, hey, uh, this is really
bad for for the town. Uh, I think that's

659
00:53:03,520 --> 00:53:09,920
information we should all we should all
have, uh, as as we move forward. So,

660
00:53:07,040 --> 00:53:14,160
I'll work on that information. Um, and
you know, as the council president said,

661
00:53:11,760 --> 00:53:18,960
as as we went back to 2022, we we were
looking at a number of issues. Uh, the

662
00:53:16,400 --> 00:53:22,720
first issue is the financial uh
financial crisis. I will I'll call it a

663
00:53:20,640 --> 00:53:28,160
crisis of the town, a 2.5 million budget
deficit. Um, we don't we basically lack

664
00:53:25,760 --> 00:53:31,599
$2.5 million every year to fund our
budget, which means we have to take it

665
00:53:29,520 --> 00:53:36,640
from our savings account. That savings
account is dramatically reducing every

666
00:53:34,000 --> 00:53:40,960
year, and we are simply running out of
money as a town. uh some of the folks

667
00:53:39,040 --> 00:53:47,119
who are are putting information out
there about uh how pilots are destroying

668
00:53:43,200 --> 00:53:51,520
towns uh denied this financial uh uh uh
financial problem uh within the bow. So

669
00:53:49,440 --> 00:53:56,400
again, I I I urge you all to kind of
question the sources of the information

670
00:53:53,839 --> 00:54:00,559
uh who's putting it out there. Um but as
we looked at the financial problems

671
00:53:57,839 --> 00:54:04,480
within town, we also looked at the you
know, you know, simply unoccupied

672
00:54:02,640 --> 00:54:10,240
properties, unoccupied businesses in
town. Um when I when I joined council,

673
00:54:07,760 --> 00:54:13,920
uh I think the biggest in my in my view
eyesore of the downtown was the property

674
00:54:12,400 --> 00:54:20,319
that we're talking about right now on
Harrison and uh Prospect which I believe

675
00:54:16,720 --> 00:54:24,000
was vacant for for uh about 10 years. Um
we have the Rocket property as the

676
00:54:21,760 --> 00:54:27,520
council president said behind it that uh
has been inoperable or vacant whatever

677
00:54:26,480 --> 00:54:31,200
you want to call it. We have the right
aid which is now vacant. We have Odyssey

678
00:54:29,200 --> 00:54:37,119
which is now vacant. And what we don't
have is a line of developers wrapped

679
00:54:33,839 --> 00:54:42,640
around the uh corner who want to put
businesses and buildings within this

680
00:54:38,640 --> 00:54:48,880
town. So uh we sharpened our pencils. We
implemented this uh procedure to uh you

681
00:54:46,559 --> 00:54:54,640
know designate these areas need in need
of redevelopment. Uh as the council

682
00:54:51,200 --> 00:54:58,160
president said uh we don't want massive
uh buildings. We don't want 10-story

683
00:54:56,480 --> 00:55:02,400
buildings. We don't want hundreds. We
don't want thousands. We don't want to

684
00:54:59,520 --> 00:55:08,240
be hackin sack. We want nice small
lowdensity uh buildings. We want retail

685
00:55:06,160 --> 00:55:13,599
uh you know we want town homes, not just
apartments. We need to meet our our

686
00:55:10,240 --> 00:55:18,480
affordable housing mandate. Um and so we
were very picky with projects that you

687
00:55:16,319 --> 00:55:22,480
know that we uh agreed to. As the
council president said, it went through

688
00:55:20,240 --> 00:55:26,400
process after process after process
through the council and through the

689
00:55:23,680 --> 00:55:30,240
planning board, unanimously approved by
multiple councils over a period of 6

690
00:55:28,400 --> 00:55:35,599
years. Uh the planning board approved
it. Um and you know, quite frankly, as

691
00:55:33,119 --> 00:55:40,800
we look at the tools available to to
recruit these types of properties into

692
00:55:37,760 --> 00:55:45,200
town, uh a pilot was one of them. Uh we
haven't uh made our decision yet. I

693
00:55:42,800 --> 00:55:50,400
think we will uh you know, in the in the
coming months. Uh but but rest assured

694
00:55:47,920 --> 00:55:55,119
we are doing so with all of this
information as Joe said with all of the

695
00:55:52,319 --> 00:56:00,000
diligence with professionals uh on the
financial side with professionals on the

696
00:55:56,799 --> 00:56:05,200
legal side. Um you know we we want I
think the same thing everybody else does

697
00:56:01,839 --> 00:56:09,040
which is a a vibrant community. Uh we
don't want high taxes. None of us I

698
00:56:07,040 --> 00:56:14,880
don't think any of us want uh high
taxes. Um we none of us gain anything

699
00:56:12,240 --> 00:56:21,280
from that. uh and and and I think that
when you are asking yourself whether

700
00:56:18,319 --> 00:56:25,599
this is the right project or not uh ask
yourself about the alternatives right uh

701
00:56:23,440 --> 00:56:30,880
take a stroll down prospect and ask
yourself whether that's what you want uh

702
00:56:28,319 --> 00:56:34,400
or go to hackinac and look at the
massive developments that are being put

703
00:56:32,720 --> 00:56:38,480
up there and ask yourself whether that's
what you want right uh because those are

704
00:56:36,319 --> 00:56:43,280
the two alternatives to I think what is
before us right now um and so I welcome

705
00:56:41,359 --> 00:56:48,160
your feedback and your comments
uh tonight and uh to the to the meetings

706
00:56:45,839 --> 00:56:52,400
that come in the future. Um and I think
it'll be a good conversation. So uh

707
00:56:50,720 --> 00:56:54,400
mayor, that's my report this evening.
Thank you.

708
00:56:52,799 --> 00:56:58,799
» Thank you very much. Buildings and
Grounds Committee. Makola Drake.

709
00:56:56,559 --> 00:57:02,240
» Thank you, Mayor. I spoke with Tatiana.
No update on the buildings and grounds

710
00:57:00,480 --> 00:57:05,920
from the last meeting, but if I could
make a couple of quick remarks on the

711
00:57:04,000 --> 00:57:09,280
redevelopment. I know that everyone has
their own um opinions that they want to

712
00:57:07,520 --> 00:57:11,200
speak on, so I'll keep it brief. It's
that's okay, Mr. Mayor.

713
00:57:10,400 --> 00:57:15,680
» Sure.
>> Thank you. So, I proudly support the

714
00:57:14,160 --> 00:57:20,400
revitalization of Waldwick. I think
that's been pretty clear uh a number of

715
00:57:18,160 --> 00:57:24,400
reasons, but I think as some of you were
here in that meeting in December of 2024

716
00:57:22,480 --> 00:57:30,000
when the room was just as full as it was
tonight. And there was so much support

717
00:57:27,280 --> 00:57:35,760
for this project and a brighter um
downtown revitalized, more people, more

718
00:57:32,960 --> 00:57:39,280
businesses. Um, and as someone who grew
up here and I chose to stay here and

719
00:57:37,520 --> 00:57:43,680
plant my roots here, I think we need to
think about the future and um, with the

720
00:57:41,440 --> 00:57:47,839
dwindling surplus, that's a huge issue.
I voted no on this budget because I just

721
00:57:45,760 --> 00:57:51,839
don't think that a 10% tax increase is
responsible or acceptable for the

722
00:57:49,520 --> 00:57:56,799
residents of Waldwick. So, that's one of
the solutions that we can have moving

723
00:57:53,440 --> 00:58:00,319
forward is hopefully plugging this um,
issue we have in our budget with

724
00:57:58,559 --> 00:58:04,160
redevelopment funds and the revenue is
very important. Um, I know there's a lot

725
00:58:02,720 --> 00:58:07,839
of misinformation surrounding the
project, so it's encouraging to see

726
00:58:06,240 --> 00:58:13,200
everybody out here today. I'd also like
to thank Joe, Councilman Joe, for um,

727
00:58:10,720 --> 00:58:16,319
his wonderful, thorough remarks. I hope
that you learned something coming here

728
00:58:14,960 --> 00:58:18,319
tonight, and I hope to see more of you
at the future meetings. Thank you,

729
00:58:17,839 --> 00:58:21,559
Mayor.
>> Thank you,

730
00:58:21,760 --> 00:58:28,880
Administrator.
>> Thank you, Mr. Mayor. Um, just wanted to

731
00:58:25,920 --> 00:58:33,200
echo the mayor's sentiments on um, the
pool. We've been having a fantastic

732
00:58:30,799 --> 00:58:38,000
season. Uh happy to have all of our
guards back. Uh our management team is

733
00:58:36,160 --> 00:58:42,079
really enjoying their time getting to
know the residents. Uh every day they

734
00:58:40,400 --> 00:58:45,440
they call and and say that, you know,
they're they're so happy that they're

735
00:58:43,359 --> 00:58:50,400
there together as a team with the guards
and uh it's been a great experience and

736
00:58:47,599 --> 00:58:55,280
a nice feeling down at the pool. Um our
swim team is underway. They're doing

737
00:58:52,480 --> 00:58:58,720
fantastic this season again and um it's
a really good opportunity for you know

738
00:58:56,960 --> 00:59:04,079
community to come together and enjoy the
facilities. Um registration is still

739
00:59:01,359 --> 00:59:08,720
open. It's on our website. So um if you
haven't uh signed up yet, it's still

740
00:59:05,760 --> 00:59:12,720
available. Um and you know any questions
you can always hop into Burrow Hall and

741
00:59:10,400 --> 00:59:14,559
and give us uh you know ask us any
questions that you have. Thank you Mr.

742
00:59:14,240 --> 00:59:17,520
Mayor.
>> Thank you.

743
00:59:16,319 --> 00:59:20,240
» How about clerk?
>> No report.

744
00:59:18,640 --> 00:59:22,079
» Okay
attorney.

745
00:59:20,640 --> 00:59:25,920
» Thank you Mr. Mayor. No report this
evening.

746
00:59:22,720 --> 00:59:29,680
» A redevelopment journ.
>> Um,

747
00:59:27,680 --> 00:59:33,200
thank you, Mr. Mayor. I have no report,
but I'm happy to answer any questions if

748
00:59:32,000 --> 00:59:37,000
anyone has questions.
>> Okay, we'll do that in the public.

749
00:59:37,359 --> 00:59:42,400
» Consent resolutions and resolutions of
the governing body.

750
00:59:40,720 --> 00:59:45,920
» It is all that the following resolutions
herewith listed by consent, having been

751
00:59:44,400 --> 00:59:50,960
considered by the governing body of the
Burough of Wick, are hereby passed and

752
00:59:47,680 --> 00:59:55,359
approved. 2026 204 approval of consent
2026 205 approval of minutes regular

753
00:59:53,839 --> 01:00:00,960
meeting and close session meeting June
23rd 2026 policy votes A Tracy Britain

754
00:59:59,359 --> 01:00:05,119
requests to use pavilion B on Sunday
August 2nd from 1 to 6 for a birthday

755
01:00:03,520 --> 01:00:10,000
party with alcoholic beverages being
served B. You and Associates request uh

756
01:00:08,000 --> 01:00:14,799
to use Pavilion A on Saturday August 8th
from 2 to 8:00 p.m. for a picnic with

757
01:00:12,079 --> 01:00:19,760
alcoholic beverages being served. C.
Lisa Puchini, request to use pavilion A

758
01:00:17,280 --> 01:00:24,559
on Sunday, August 30th from 9:00 am to 7
pm for a birthday party with alcoholic

759
01:00:21,520 --> 01:00:28,799
beverages being served. D. Alyssa
Frisco, request to use pavilion B,

760
01:00:26,559 --> 01:00:32,640
Saturday, September 5th from 12 to dusk
for a birthday party with alcoholic

761
01:00:30,240 --> 01:00:35,920
beverages being served. E. Midland Park
Community School request to use the

762
01:00:34,000 --> 01:00:40,960
Waldo Municipal Pool on Tuesday starting
July 7th for campers. 2026206

763
01:00:39,520 --> 01:00:44,799
change order number one final and
current estimate number four final to

764
01:00:42,880 --> 01:00:47,359
Sovereign Consulting Inc. for the
rehabilitation of the Malcolm Street

765
01:00:46,240 --> 01:00:50,359
pumping station in the amount of
$51,2771

766
01:00:50,880 --> 01:00:57,920
2026 207 award and open contract to Axon
Enterprises for police integrated

767
01:00:56,160 --> 01:01:00,920
equipment suite in the amount of
$413,186.926208

768
01:01:03,359 --> 01:01:09,920
award a fair and open contract to DS
Meyer Enterprises LLC for the 2026 curb

769
01:01:08,160 --> 01:01:14,880
ramp improvements in the amount of
$88,17

770
01:01:11,839 --> 01:01:19,680
2026 209 authorize Amended lease
agreement with Environmental Renewal LLC

771
01:01:16,880 --> 01:01:24,799
for the lease and operation at least and
operate the vegetative waste transfer

772
01:01:21,599 --> 01:01:31,440
station 2026210 authorized autoc cab
license for all county car and limo 2026

773
01:01:27,680 --> 01:01:36,960
211 authorized premium of 65,000 to uh
eset from ATFC ljlc

774
01:01:35,440 --> 01:01:43,200
to the borrow for this tax sales
certificate 20-0625

775
01:01:39,760 --> 01:01:47,839
2026 212 or tax overp payments various
and 2026 213 uh payment of vouchers.

776
01:01:46,400 --> 01:01:52,799
» Do I have a motion and a second to
accept? Motion by Joe, second by Andy.

777
01:01:50,640 --> 01:01:57,920
Anyone from the council?
>> Uh Mr. Mayor, regarding 20 2026 208, the

778
01:01:56,400 --> 01:02:01,520
award of the fair and open contract to
DS Meer for the current ramp

779
01:01:59,359 --> 01:02:06,000
improvements. We had that bid opening
last week. I oversaw the bid opening. Uh

780
01:02:04,319 --> 01:02:11,359
Boswell Engineering reviewed the bids
that we were that were received and uh

781
01:02:08,400 --> 01:02:16,079
it is being awarded as such to DS Meyer
Enterprises. Just to give you an idea of

782
01:02:13,599 --> 01:02:21,440
uh the area of of focus, we start to
look at the areas um that we anticipate

783
01:02:18,720 --> 01:02:25,599
in the future will be paved. Um and so
these curb ramps are all along Long View

784
01:02:23,680 --> 01:02:30,000
Drive at the intersections of Pine View,
Lindberg, Mary Lane, Chestnut, Long View

785
01:02:28,079 --> 01:02:33,839
Court. Um as well as the intersection of
Van Dyke Road and Birch Lane and Wilder

786
01:02:31,920 --> 01:02:36,960
Lane and Cecilia Drive. Thank you.
>> Thank you. Anyone else?

787
01:02:35,760 --> 01:02:38,079
» Clerk, please take the role.
>> Mr. Brown,

788
01:02:37,760 --> 01:02:41,280
» yes.
>> Miss Kola, yes.

789
01:02:39,359 --> 01:02:44,559
» Mr. Martinelloo, yes. Mr. Richie.
>> Yes.

790
01:02:42,960 --> 01:02:49,200
» Okay. We have two public hearings.
Number one, with the cl court clerk

791
01:02:45,839 --> 01:02:51,920
kindly read ordinance number 2026-
10.

792
01:02:49,680 --> 01:02:56,960
» Ordinance number 202610. An ordinance
amending ordinance number 20201 fixing

793
01:02:55,040 --> 01:03:00,799
the compensation, salaries, and wages of
officials and employees of the Burough

794
01:02:58,240 --> 01:03:03,760
of Waldick for the police.
>> Anyone from the council like to comment

795
01:03:02,240 --> 01:03:06,160
on this ordinance?
>> Yes.

796
01:03:04,480 --> 01:03:12,079
» Uh, thank you, Mr. Mayor. This is in
agreement with our PBA contract that we

797
01:03:08,640 --> 01:03:15,520
negotiated with the uh the local. Um
this is everything that we've discussed

798
01:03:14,000 --> 01:03:18,400
through there. Happy to report that
we'll have a labor agreement in place

799
01:03:17,200 --> 01:03:22,720
that will take us through the next
several years and uh uh keep our men

800
01:03:21,520 --> 01:03:26,880
compensated fairly.
>> Good. Anyone else? If not, I close the

801
01:03:25,280 --> 01:03:29,359
public comments and I'm sorry, I close
the council's comments and open up to

802
01:03:28,160 --> 01:03:33,839
the public. Anybody from the public
would like to comment on this audience

803
01:03:31,680 --> 01:03:39,280
that was just read?
If not, I close the public's uh comments

804
01:03:35,920 --> 01:03:43,440
and uh ask the clerk to authorize to
advertise on local legal newspapers

805
01:03:40,960 --> 01:03:45,599
required by law. Clerk, take the role.
>> I need a motion.

806
01:03:44,400 --> 01:03:49,760
» Do I have a motion?
>> Joe, second by Mike.

807
01:03:47,680 --> 01:03:51,039
» Thank you, Mr. Bernick.
>> Yes.

808
01:03:50,079 --> 01:03:52,160
» Mr. Sakre,
>> yes.

809
01:03:51,280 --> 01:03:53,359
» Mr. Martinell,
>> yes.

810
01:03:52,480 --> 01:03:55,839
» Mr. Rley,
>> yes.

811
01:03:53,760 --> 01:04:01,839
» And then we have the resolution. Right.
>> Okay. So this is resolution 2026 214

812
01:03:59,760 --> 01:04:08,169
approval of public safety, excuse me,
public safety salaries for the years

813
01:04:03,760 --> 01:04:11,280
2026 through 2030.
[clears throat]

814
01:04:08,400 --> 01:04:14,880
» Anybody from the council want comment?
>> No.

815
01:04:13,359 --> 01:04:17,599
Close the council comments. Anybody from
the public?

816
01:04:15,280 --> 01:04:20,240
» No, this is just a resolution.
>> Just need a motion. I

817
01:04:18,880 --> 01:04:22,880
» do have a motion and a second to accept
it as a resolution.

818
01:04:22,400 --> 01:04:26,799
» Motion.
>> Motion by Mike, second by uh Joe. Clerk,

819
01:04:25,680 --> 01:04:28,240
please take the role.
>> Mr. Bernie,

820
01:04:27,920 --> 01:04:29,359
» yes.
>> Miss Sarah Cadre,

821
01:04:29,200 --> 01:04:30,720
» yes.
>> Mr. Martinello,

822
01:04:30,400 --> 01:04:32,799
» yes.
>> Mr. Richard,

823
01:04:31,520 --> 01:04:35,920
» yes.
>> We have two introduction of ordinances

824
01:04:34,319 --> 01:04:39,839
with the clerk with Ordinance number
2026-11.

825
01:04:37,520 --> 01:04:45,119
» Ordinance number 2026-11,
an ordinance amending chapter 63 park

826
01:04:41,680 --> 01:04:52,240
and ride lot section 63-2 parking fees.
Uh 63-3 restrictions B and C and 63-7

827
01:04:49,839 --> 01:04:55,760
violations and penalties. Clarify hours,
overnight parking regulations, and

828
01:04:53,839 --> 01:04:58,880
penalties. Motion and second is in order
to accept this first reading and that

829
01:04:57,359 --> 01:05:02,079
the clerk be authorized to advertise in
a local legal newspapers required by law

830
01:05:00,880 --> 01:05:05,680
setting a hearing two weeks from
tonight's meeting or soon thereafter as

831
01:05:04,160 --> 01:05:13,000
the matter may be breached. Do I have a
motion in a second? Motion by Mike,

832
01:05:08,079 --> 01:05:13,000
second by Joe on the question.

833
01:05:13,200 --> 01:05:19,680
I'll come this is an update uh based on
the new uh lease agreement that we have

834
01:05:18,079 --> 01:05:24,960
in New Jersey Transit for the lot. We
need to do some tweaks to the existing

835
01:05:21,520 --> 01:05:30,640
ordinance. So that's what the 202611 is
and 202612.

836
01:05:26,799 --> 01:05:32,000
» Okay. Anyone else? Take the role.
>> Mr. Brennick.

837
01:05:31,680 --> 01:05:33,359
» Yes.
>> Miss Sarako.

838
01:05:33,039 --> 01:05:34,559
» Yes.
>> Mr. Marelloo.

839
01:05:34,240 --> 01:05:35,920
» Yes.
>> Mr. Richie.

840
01:05:35,440 --> 01:05:39,839
» Yes.
>> Cler Connly read. Ordinance number

841
01:05:37,520 --> 01:05:46,079
2026-12.
>> Ordinance number 2026-12. An ordinance

842
01:05:42,240 --> 01:05:50,640
amending chapter 48 fee section 91-12.2A
vehicles and traffic paid parking fees

843
01:05:48,160 --> 01:05:54,640
to clarify days and times for fees.
motion. The second is in order to uh to

844
01:05:53,200 --> 01:05:58,480
accept this on first reading and that
the clerk be authorized to advertise in

845
01:05:56,480 --> 01:06:02,079
the local legal news papers required by
law setting up public hearing tonight

846
01:06:00,240 --> 01:06:06,319
two weeks from tonight's meeting at 7:30
p.m. or soon due thereafter as the

847
01:06:04,400 --> 01:06:12,319
matter may be reached. Motion in a
second by Andy, second by Joe.

848
01:06:09,599 --> 01:06:14,640
It's what the attorney said.
>> Same idea.

849
01:06:13,039 --> 01:06:17,280
» Same idea as the attorney says. Anyone
else?

850
01:06:15,440 --> 01:06:20,319
» Okay. Clerk, please take the role.
>> Mr. Bernick.

851
01:06:18,079 --> 01:06:21,280
» Yes. Miss Sarah Cre. Yes. Mr. Marello.
Yes.

852
01:06:20,559 --> 01:06:24,160
» Mr. Richie.
>> Yes.

853
01:06:21,680 --> 01:06:27,839
» Okay. Anybody on the council have any
unfinished business?

854
01:06:26,319 --> 01:06:32,079
» Anybody from the council have any new
business?

855
01:06:28,799 --> 01:06:35,039
» No new business. Okay. Public comments.
Anybody Anybody in the audience would

856
01:06:33,680 --> 01:06:38,400
like to comment on anything, you could
kindly come up to the microphone. Just

857
01:06:36,559 --> 01:06:41,680
please give us your name. If you're
going to do anything about the pilot

858
01:06:39,920 --> 01:06:45,760
program, please address the council
president with that uh issue. I have to

859
01:06:44,240 --> 01:06:50,480
recuse myself from this, but I'll still
sit here and look at your faces and

860
01:06:47,920 --> 01:06:54,520
listen.
I thought you liked my face.

861
01:06:54,640 --> 01:06:59,440
» Hello everyone. Ray Cruz, 15 Cypress
Court.

862
01:06:57,920 --> 01:07:04,400
» No address required, sir.
>> All right. I'm old school, man.

863
01:07:02,319 --> 01:07:09,520
Sorry. I remember how you guys used to
run me through the ringer here.

864
01:07:07,280 --> 01:07:13,440
I had several one statement and several
questions. The statement and I've never

865
01:07:11,440 --> 01:07:16,319
done this, Michael.
>> Yeah.

866
01:07:14,160 --> 01:07:21,119
» That came across
as condescending and and

867
01:07:20,160 --> 01:07:25,920
dimminitive [clears throat]
>> when when you mentioned that I like to

868
01:07:23,440 --> 01:07:28,240
see the details of their financial
analysis. I'm sure there's plenty of

869
01:07:27,520 --> 01:07:31,839
people here.
>> Could you speak a little louder?

870
01:07:29,839 --> 01:07:38,079
» I'm sure that there's plenty of people
here that can do a financial analysis

871
01:07:35,200 --> 01:07:42,799
and then state factual concerns on
Facebook or wherever they're doing that.

872
01:07:40,640 --> 01:07:45,280
But as a public official, it just came
across that way.

873
01:07:43,839 --> 01:07:48,799
» I mean, listen, I I just want to
integrate information that's correct

874
01:07:46,880 --> 01:07:52,400
into our assessment. I get it. I get
there's a lot of people that throw a lot

875
01:07:50,160 --> 01:07:56,720
of a lot of crazy stuff out there
without facts and they're it's

876
01:07:53,920 --> 01:08:01,200
uninformed. But
>> here it's just asking for facts. I'm

877
01:07:58,480 --> 01:08:03,680
sorry that came across as uh
>> next time next time I'll ask for

878
01:08:02,640 --> 01:08:06,799
opinions.
>> Yeah, it's just it's just a matter of

879
01:08:05,200 --> 01:08:10,960
you have a lot of anxiety around this
project. You have we have a budget

880
01:08:09,119 --> 01:08:16,000
deficit that we're trying to plug right
as you mentioned. We have uh issues

881
01:08:13,920 --> 01:08:20,400
around um you know ensuring that our
schools are well funded. I assume I got

882
01:08:19,040 --> 01:08:25,120
several questions I actually wrote down
here. Would you would you would you

883
01:08:22,640 --> 01:08:28,080
prefer that we we don't use facts when
we make our decisions? Is that what

884
01:08:26,400 --> 01:08:33,120
you're suggesting?
>> I'm not the one.

885
01:08:29,120 --> 01:08:37,520
» I mean Michael I'm not the one of the
two

886
01:08:34,960 --> 01:08:40,400
accus you of anything. I said
condescending.

887
01:08:38,480 --> 01:08:44,480
» Yes, you came across condescending.
That's my opinion. I'm sorry.

888
01:08:42,239 --> 01:08:46,880
» That's my opinion. I did not say that. I
I I'm going one way or the other on

889
01:08:46,319 --> 01:08:49,679
anything.
>> Well, that is

890
01:08:47,759 --> 01:08:52,560
» I am not the person to go after.
>> You're calling me condescending for

891
01:08:51,120 --> 01:08:56,799
asking for facts.
>> I'm sure others will agree.

892
01:08:53,920 --> 01:09:00,359
» All right. The uh state
>> in regards to

893
01:09:01,040 --> 01:09:05,600
the pilot program, uh was the June 29th
meeting with the board of ed actually

894
01:09:04,960 --> 01:09:08,080
held?
>> Yes.

895
01:09:06,080 --> 01:09:11,759
» Okay. So, you found time to actually do
that uh with the

896
01:09:09,920 --> 01:09:18,080
» Yes. all the parties found time to to
meet at that time. there is uh any sort

897
01:09:14,319 --> 01:09:20,880
of uh agreement made to push for inter
you know I guess I don't know what they

898
01:09:19,359 --> 01:09:25,920
call it inter agreement in which the
board of ed and the council for the next

899
01:09:23,759 --> 01:09:31,279
four or five years 30 years whatever
there's a natural agreement to ensure

900
01:09:28,159 --> 01:09:36,640
that the council can pay them when they
do need a a relief from um you know any

901
01:09:35,279 --> 01:09:38,799
of the pilot money that may be going
towards

902
01:09:37,120 --> 01:09:43,600
» from from what though so I explained
earlier so that the the the board budget

903
01:09:41,759 --> 01:09:51,120
and a Stop me if I say something wrong.
Where veg budget would be funded 100% as

904
01:09:47,120 --> 01:09:56,159
always. Right? So we we talked about how
um any new revenue from the pilot is not

905
01:09:53,600 --> 01:10:00,000
included in the pool. Right? We also
talked about how if there's a land tax

906
01:09:58,480 --> 01:10:03,600
that's still attached to that property,
that land tax would still be part of the

907
01:10:01,600 --> 01:10:06,960
pool that would be given to the board of
education. Mhm.

908
01:10:04,640 --> 01:10:13,760
» So we talked about how that would be
almost still full of what they were

909
01:10:10,640 --> 01:10:19,040
getting today, right? So we talked about
how um the increase in students might

910
01:10:16,320 --> 01:10:22,880
not be directly proportional to uh the
number of the budget, right? Because

911
01:10:20,880 --> 01:10:27,280
increases to the cap every year of 2 and
12% or 2% whatever it is. It will

912
01:10:25,360 --> 01:10:33,520
continue to increase that will continue
to increase um the school tax as normal,

913
01:10:30,800 --> 01:10:37,920
right? And you know that's what we have
at the time when we had the meeting you

914
01:10:35,120 --> 01:10:41,760
know in full transparency right we we
still do not have an agreed upon

915
01:10:39,679 --> 01:10:44,719
agreement so we cannot share terms of
that financial agreement with anyone

916
01:10:43,280 --> 01:10:48,800
including the board of education.
>> No I'm really just focused on an

917
01:10:47,040 --> 01:10:53,120
agreement between the board and the
count and the council. Well, but to so

918
01:10:51,679 --> 01:10:56,560
there's a bill actually there's the bill
that's S that's S1807 I think

919
01:10:55,120 --> 01:11:02,000
» that's coming out
>> prior to that bill going or even maybe

920
01:10:58,880 --> 01:11:04,960
deciding to wait for that bill to pass
>> you [clears throat] know to try to get

921
01:11:03,440 --> 01:11:08,880
ahead of that can you make an agreement
with the board of ed to commit to them

922
01:11:06,880 --> 01:11:12,880
that you will fund them as you say you
are right you would to ensure that that

923
01:11:11,280 --> 01:11:16,080
actually happens that may allay some of
those questions and some of those

924
01:11:14,159 --> 01:11:19,760
assertions that people
>> right we always have funded the board of

925
01:11:18,080 --> 01:11:22,080
ed and we're always obligated to fun the
board of ed [clears throat] not fund

926
01:11:21,840 --> 01:11:24,960
them
>> and then no am no from pilot money I

927
01:11:23,840 --> 01:11:28,480
don't think that that's
>> that's different right so maybe you can

928
01:11:26,800 --> 01:11:32,719
explain this better than I am I'm
>> as I understand you can't you you don't

929
01:11:30,320 --> 01:11:35,360
necessarily have to pay use the pilot
money that you're receiving

930
01:11:33,920 --> 01:11:38,719
» the pilot money does not go into the
pool of funds that's allocated to board

931
01:11:37,360 --> 01:11:43,840
of education payment
>> correct correct so that's that's what

932
01:11:41,280 --> 01:11:47,040
I'm talking about figuring out a way to
carve out some money for them

933
01:11:45,520 --> 01:11:51,360
» well so we would still keep their budget
whole at 100%

934
01:11:48,480 --> 01:11:55,360
» okay Um that's so as long as you guys
have been discussing and there's an

935
01:11:53,280 --> 01:11:58,320
obligation either the bill will obligate
the councils to do that or you guys have

936
01:11:57,920 --> 01:12:02,239
an
>> it will not it will not sorry

937
01:12:00,080 --> 01:12:07,040
» yeah can I just address that for one
second right now it is a bill right it's

938
01:12:04,560 --> 01:12:11,760
not law so we're going by the long-term
tax exemption law

939
01:12:08,719 --> 01:12:16,320
» which does not provide for any portion
of the pilot payment to go to the school

940
01:12:13,760 --> 01:12:23,760
board it's just the municipality and the
county however Um I just want to clarify

941
01:12:20,239 --> 01:12:29,760
if they is a if they are still paying
land taxes then there is a land tax

942
01:12:27,120 --> 01:12:37,360
credit and that portion of the pilot
payment will be reduced that portion

943
01:12:32,239 --> 01:12:42,400
comes out of the burrows um pilot and
what happens is the portion that

944
01:12:40,560 --> 01:12:47,920
continues to go through conventional
taxes that percentage that goes which I

945
01:12:45,040 --> 01:12:49,760
think is 60% here to the board of ed
They still get that. They still recoup

946
01:12:49,520 --> 01:12:53,040
that,
>> right? Whether it's that 2% or whatever

947
01:12:51,920 --> 01:12:56,960
that is they're getting.
>> It's it's based on their conventional

948
01:12:54,719 --> 01:13:00,880
taxes. So I believe it's 60%.
>> 60%.

949
01:12:57,679 --> 01:13:04,080
» Well, that's based upon math, right?
That's depending on the

950
01:13:02,000 --> 01:13:06,640
» We don't do public math here. You do.
>> Yeah,

951
01:13:04,480 --> 01:13:11,440
» we tried, right?
>> Uh Phoenix advisors, have they completed

952
01:13:09,679 --> 01:13:16,400
the evaluation regarding the potential
sale of our water utility? I know that

953
01:13:13,840 --> 01:13:19,360
was on the agenda at some point.
We have not taken any further action on

954
01:13:18,560 --> 01:13:24,400
sale of water.
>> Okay. I'm just looking at ways we could

955
01:13:21,360 --> 01:13:29,040
raise that that that budget deficit
because even if we do Harrison, right?

956
01:13:26,800 --> 01:13:37,480
Even if we do some of the other uh
projects which I as I understand are

957
01:13:31,840 --> 01:13:37,480
» not using pilot uh and these include

958
01:13:40,159 --> 01:13:46,400
» Houston came and presented a couple
couple councils ago. They came out

959
01:13:45,840 --> 01:13:48,080
properties.
>> What's that?

960
01:13:47,199 --> 01:13:51,520
» Durant properties.
>> What? Durant properties. Who knows what

961
01:13:49,679 --> 01:13:55,679
that would do? Uh we rejected any other
plans at this point for density.

962
01:13:53,280 --> 01:13:58,159
» Right. So 30 high-end town homes. That's
what they were offering.

963
01:13:56,560 --> 01:14:03,360
» That's what the Houston project was,
right? In the Houston project, what they

964
01:14:01,120 --> 01:14:08,320
presented to the council that night was
that would not be pilot based. Okay.

965
01:14:05,840 --> 01:14:12,640
» Because those would be owner occupied,
sellable, pre-sale type things where

966
01:14:10,800 --> 01:14:15,199
then they wouldn't need to do pilot
financing on those. So, so the challenge

967
01:14:14,640 --> 01:14:19,120
is this.
>> And also, Ray, let me say we sell the

968
01:14:17,120 --> 01:14:22,960
water. We we can't just use that money
to plug our our budget. We have to

969
01:14:20,800 --> 01:14:26,719
actually pay down our debt,
>> you know, which we we spend about

970
01:14:24,320 --> 01:14:30,400
500,000 a year on debt. So, we would we
would sell effectively sell our water to

971
01:14:28,880 --> 01:14:34,960
a third party. They'll double your
rates, everybody, and then we would make

972
01:14:32,719 --> 01:14:37,760
almost no adjustments to our operating.
>> Got it.

973
01:14:35,440 --> 01:14:43,360
» And it's a one-time thing, right? So, if
we if the if this council eventually

974
01:14:40,320 --> 01:14:47,440
goes through that um financial analysis
to say we're going to sell the water,

975
01:14:45,520 --> 01:14:52,400
it's a one-time fix that we could do
now. In 20 years, a council that's

976
01:14:50,000 --> 01:14:57,440
sitting up here might say those idiots
20 years ago should have held on to the

977
01:14:54,320 --> 01:15:00,400
water and made that investment. Now, you
brought it up, right? We have to

978
01:14:58,800 --> 01:15:04,960
continue to make capital investments in
our water no matter if we decide to sell

979
01:15:02,800 --> 01:15:10,800
or not to continue to improve the
quality and whatever H2M was the analyst

980
01:15:08,480 --> 01:15:15,760
that came back uh they're due back this
fall to give us some further data after

981
01:15:13,280 --> 01:15:19,840
the settling period that will determine
what future capital investments. So we

982
01:15:18,400 --> 01:15:24,400
can't make capital investments without
additional income too. Right.

983
01:15:21,760 --> 01:15:28,159
» Have uh and who does the actual
financials here? Is it uh you or

984
01:15:27,199 --> 01:15:31,520
» the financials?
>> Yeah, all the financial productions. Is

985
01:15:29,920 --> 01:15:36,719
it you? You, Joe?
>> No. So, we have our CFO. Our CFO who

986
01:15:34,080 --> 01:15:40,320
does the our financial work here. I I'm
not a paid financial adviser.

987
01:15:38,080 --> 01:15:42,320
» You sound like one
in my private life. I was an accountant

988
01:15:41,920 --> 01:15:48,080
at one.
>> I'm not a financial adviser by choice.

989
01:15:45,440 --> 01:15:51,600
» No. No. I just listen.
>> No. Thank you for all the work you did

990
01:15:49,600 --> 01:15:53,840
on on, you know, and and the statements
you've made to try to clarify some

991
01:15:53,120 --> 01:16:01,360
assumptions.
>> Sure. the what I what I do want uh to

992
01:15:57,199 --> 01:16:05,440
state is um that this is a a mode of
confusion. You guys are in the weeds

993
01:16:03,040 --> 01:16:10,640
every day on this. You're trying to plug
I believe uh what the auditor said a

994
01:16:08,400 --> 01:16:12,640
multi-year multi-deade hole in our
taxes.

995
01:16:12,000 --> 01:16:16,000
» Correct.
>> The auditor said we have a surplus

996
01:16:14,320 --> 01:16:18,159
problem coming. They rang the alarm this
year.

997
01:16:16,239 --> 01:16:20,320
» Well, it's what $6 million or surplus
right now? 5 million just about

998
01:16:19,760 --> 01:16:22,480
» roughly.
>> Right. And that will be depleted within

999
01:16:21,840 --> 01:16:25,199
two years.
>> Not two. They said probably within five.

1000
01:16:24,400 --> 01:16:28,239
» Within five,
>> right?

1001
01:16:25,679 --> 01:16:31,520
» This project goes forward with pilot.
We're not even going to see revenue

1002
01:16:29,679 --> 01:16:35,040
until it's completed. Right.
>> That's correct.

1003
01:16:32,480 --> 01:16:39,679
» So, what's that? 2 years construction, 3
years. So, we now have to pl I'm saying

1004
01:16:37,840 --> 01:16:43,679
I'm doing this public math here. We we
have to figure out how to p that budget

1005
01:16:41,600 --> 01:16:47,280
deficit and not eat away at that surplus
for the next 2 three years.

1006
01:16:45,120 --> 01:16:53,840
» That's correct. And even if that pilot
program is approved, right, for

1007
01:16:51,120 --> 01:16:56,800
disharison property, it's a small dent
in the new deficit. Correct.

1008
01:16:55,920 --> 01:17:02,159
» That's correct.
>> Okay. That's I think having some sort of

1009
01:17:00,640 --> 01:17:05,040
easy to understand.
>> Yeah. So, right

1010
01:17:03,040 --> 01:17:09,040
» presentation to the to to the community
on that it would probably help allay

1011
01:17:07,840 --> 01:17:12,960
some of these assumptions that are
coming up

1012
01:17:10,000 --> 01:17:16,560
» from some of the social media experts.
>> Right. So the financial advisors will

1013
01:17:14,400 --> 01:17:20,719
come back and do another presentation.
>> But the idea of a pilot and the idea of

1014
01:17:18,800 --> 01:17:25,120
redevelopment is that this is a first
domino, right? So you do that project,

1015
01:17:23,520 --> 01:17:29,360
maybe the Houston project happens, maybe
the Durant project is spurred on to do

1016
01:17:27,760 --> 01:17:33,760
something else, maybe somebody comes in
to write aid and puts a new store in and

1017
01:17:31,920 --> 01:17:38,400
starts to bring additional revenues into
into the town. That's the idea to

1018
01:17:36,320 --> 01:17:43,280
generate new construction to generate
new um taxable renewables for for the uh

1019
01:17:42,159 --> 01:17:47,199
for the community.
>> The uh I want to I'm sure there's plenty

1020
01:17:45,600 --> 01:17:52,400
of people here who want to uh come up
here, but um the I'll I'll say one more

1021
01:17:50,320 --> 01:17:57,120
thing. Um, I think if if there's a
committee that can put together

1022
01:17:54,320 --> 01:18:01,600
something for the public to see of how
we aim to do this for the next 10, 20,

1023
01:17:59,600 --> 01:18:06,320
and 30 years, depending on how, you
know, the I I I would hope that this uh

1024
01:18:04,560 --> 01:18:10,000
pilot program is only for like 10 years
or 15 years, not a 30-year pilot

1025
01:18:08,159 --> 01:18:13,760
program. But I'm sure we have the
leverage, right? This is the hottest

1026
01:18:11,679 --> 01:18:15,920
town in in in Bergen County. For all the
realtors behind me, they'll attest to

1027
01:18:15,520 --> 01:18:20,239
it.
>> But but Ray, I think we agree,

1028
01:18:18,800 --> 01:18:24,159
» right? There's no there are no
developers lining up to do anything in

1029
01:18:22,159 --> 01:18:29,120
this town. Maybe residential properties
go very very quickly which is fantastic

1030
01:18:26,159 --> 01:18:33,360
but that that property is sat vacant for
for how long? Rocket has sat vacant for

1031
01:18:31,199 --> 01:18:36,800
how long? There's not there aren't a lot
of people looking to come into Waldwick

1032
01:18:34,800 --> 01:18:40,239
to do anything. And maybe that's what I
what I was trying to head to is really

1033
01:18:38,480 --> 01:18:46,480
put together a committee that looks at
the next 20 30 years and what we can do

1034
01:18:42,480 --> 01:18:50,400
to do this not just from a you know
pilot cutting budgets you know doing

1035
01:18:48,960 --> 01:18:55,199
these sorts of things but looking at
things like how do we attract more

1036
01:18:52,640 --> 01:19:00,320
business attract more people to to
Waldwick right that are going to invest

1037
01:18:57,760 --> 01:19:05,040
reinvest into Waldwick but at the same
time figure out ways without raising our

1038
01:19:03,280 --> 01:19:10,960
taxes so high because they are already
extreme extremely high to really give up

1039
01:19:08,800 --> 01:19:15,120
give our residents some tax relief and
at the same time give us more amenities.

1040
01:19:13,520 --> 01:19:18,159
That has happened. You've seen it all
around us. All the other towns have been

1041
01:19:16,880 --> 01:19:21,840
able to figure that out whether they're
doing shared services.

1042
01:19:19,840 --> 01:19:25,679
» Who's figured it out? We have Glen Rock
had a

1043
01:19:22,800 --> 01:19:28,960
» 15 little town, right?
>> Had a tax increase and they have more

1044
01:19:27,360 --> 01:19:30,560
industry than all the towns around here
combined.

1045
01:19:29,679 --> 01:19:32,719
» I was throwing out
>> had a large tax increase.

1046
01:19:31,520 --> 01:19:35,679
» I'm just throwing ideas out there.
You're throwing ideas out, but you're

1047
01:19:34,080 --> 01:19:40,159
also saying that all the other towns
have figured it out except for us.

1048
01:19:37,199 --> 01:19:42,320
Allenale has five miles and a larger
problem.

1049
01:19:40,640 --> 01:19:44,719
» I said some people have figured it out,
>> right?

1050
01:19:42,880 --> 01:19:49,760
» When and I was about to say before you
you you you started speaking uh shared

1051
01:19:47,760 --> 01:19:51,040
services is a way to do this.
>> Absolutely.

1052
01:19:50,320 --> 01:19:53,120
» As you mentioned,
>> we already have some and we're looking

1053
01:19:52,400 --> 01:19:57,440
at others,
>> right? But I also like to uh propose and

1054
01:19:55,760 --> 01:20:00,400
I'm about to get stabbed here, maybe
even discussing that with the board of

1055
01:19:58,960 --> 01:20:03,600
ed. Thank you.
>> Thank you, Rick.

1056
01:20:07,120 --> 01:20:15,440
This is a big pair of shoes to fill.
[laughter]

1057
01:20:11,040 --> 01:20:20,800
Um, Tammy Moses, I'm not a Democrat and
I'm not a Republican. I just vote for

1058
01:20:17,840 --> 01:20:24,560
the right person. Um, this I think
really is blowing my mind that like two

1059
01:20:23,120 --> 01:20:29,520
months ago you started talking about
this pilot. Okay, the, you know, the

1060
01:20:27,760 --> 01:20:33,280
redevelopment, it's a done deal. Okay,
we're getting this big condo. we're

1061
01:20:31,040 --> 01:20:39,120
getting, you know, businesses on the
bottom, whatever. That's a done deal.

1062
01:20:35,280 --> 01:20:44,880
But nothing was talked about in a pilot,
which means why should this developer

1063
01:20:42,960 --> 01:20:48,320
pay part of the money? And you I know
you've explained it, but to me, I'm not

1064
01:20:46,640 --> 01:20:52,560
a rocket scientist,
>> but it just doesn't seem right. Why do

1065
01:20:50,480 --> 01:20:58,480
we all have to pay full taxes every
year, and this guy pays a portion of it?

1066
01:20:56,480 --> 01:21:00,560
It It's just does it just doesn't seem
possible,

1067
01:20:58,960 --> 01:21:05,440
» right? It doesn't It doesn't. Right. So,
people who who are wealthy building uh

1068
01:21:04,560 --> 01:21:08,640
» me [laughter]
>> people who are wealthy who are building

1069
01:21:06,880 --> 01:21:14,239
projects and trying to make income off
of it, right? And and me and you are

1070
01:21:11,120 --> 01:21:18,800
paying our full taxes. I get it. But the
the problem is, right, a business,

1071
01:21:17,360 --> 01:21:21,280
you're a business owner. You don't
you're not in business to lose money.

1072
01:21:20,880 --> 01:21:25,280
» No.
>> Right. So, they have to build a

1073
01:21:23,040 --> 01:21:28,640
property. I had to acquire properties
that were already owned by somebody

1074
01:21:26,719 --> 01:21:34,400
else. They weren't free properties. the
burrow didn't own them, right? So, they

1075
01:21:30,719 --> 01:21:39,120
had to go spend money in this economy,
in this market that Ray was talking

1076
01:21:36,320 --> 01:21:43,120
about, probably overpay for that land.
So, they have to pay for that. Now, they

1077
01:21:41,360 --> 01:21:46,159
have to develop what we tell them
they're allowed to develop. That would

1078
01:21:44,800 --> 01:21:51,120
be like me telling you what you're
allowed to sell on your store.

1079
01:21:48,239 --> 01:21:55,280
» But what I'll finish, right? So, that we
tell them what they're allowed to build.

1080
01:21:52,639 --> 01:21:59,520
You have to build us a low density. You
have to include low-income housing. So

1081
01:21:57,600 --> 01:22:04,639
now they put all those rents on a piece
of paper and they take them to their

1082
01:22:01,520 --> 01:22:08,560
bank and their bank says, "I can't
approve this project because you don't

1083
01:22:06,480 --> 01:22:13,360
have the cash flow to make the payments
that I I require."

1084
01:22:10,960 --> 01:22:20,080
So they have two options. They can come
back to us and say, "Burl, I can't do

1085
01:22:15,920 --> 01:22:25,600
this at this um density. I need more. I
need 60 units. I need 100 units." And

1086
01:22:22,560 --> 01:22:29,440
we're going to say, "We're Waldwick. We
don't want a six-story building, right?

1087
01:22:27,360 --> 01:22:32,159
We don't want that. So, no, I can't let
you do that.

1088
01:22:30,719 --> 01:22:34,080
» Say, okay.
>> What's that?

1089
01:22:32,719 --> 01:22:36,639
» Then what would the developer do?
>> The developer can either sit on the

1090
01:22:35,520 --> 01:22:39,280
property and do nothing.
>> Mhm.

1091
01:22:37,440 --> 01:22:45,040
» Or try to sell it to somebody else who
will probably come and ask for a pilot.

1092
01:22:42,080 --> 01:22:48,880
» But why should the town be voting on the
pilot? Don't you think the residents

1093
01:22:47,760 --> 01:22:52,239
voting on the pilot?
>> It's not legal.

1094
01:22:50,000 --> 01:22:55,280
» It's not something that can go to a
>> See, like I don't know this kind of

1095
01:22:53,520 --> 01:22:59,920
stuff. And yeah, I was the one on fist
with Thornton and and on the soap box.

1096
01:22:57,360 --> 01:23:04,159
That was me. But I'm not into this kind
of stuff. And when I when I know when I

1097
01:23:01,920 --> 01:23:06,239
read about this, I was really picked,
>> right?

1098
01:23:04,560 --> 01:23:11,360
» Why should everybody, especially our
seniors, have to pay full taxes?

1099
01:23:10,159 --> 01:23:14,480
» I know, but you know what I'm saying.
They have to pay every year. So do we.

1100
01:23:13,120 --> 01:23:17,520
» So, but the idea,
>> it's just it just really bothers me,

1101
01:23:16,320 --> 01:23:21,840
» right? So, it bothers me.
>> And they got more money than we do,

1102
01:23:19,199 --> 01:23:25,679
» of course. But the idea is right at some
point, race correct, we're not going to

1103
01:23:23,760 --> 01:23:28,480
see pilot money tomorrow. They have to
finish it. They have to start

1104
01:23:27,360 --> 01:23:31,440
» and they'll probably back, you know,
they'll probably drag their feet. Oh,

1105
01:23:29,760 --> 01:23:34,639
but they're not going on yet. We can't,
you know, open it.

1106
01:23:33,280 --> 01:23:36,960
» Would you not want to open your business
as fast as possible?

1107
01:23:35,520 --> 01:23:39,199
» Yeah, but they they're going to drag
their feet.

1108
01:23:37,760 --> 01:23:42,400
» Of course, there's always construction
delays. We're not going to see that

1109
01:23:40,719 --> 01:23:45,679
revenue until they start getting rentals
and they till they start seeing that.

1110
01:23:43,920 --> 01:23:49,440
» But tenant, we can control the timing.
It's in the It's in the redevelopment in

1111
01:23:47,199 --> 01:23:53,520
the redevelopment agreement. So there
>> there are safe there are safeguards that

1112
01:23:51,360 --> 01:23:58,080
dictate that they need to start and
complete construction within a specific

1113
01:23:55,280 --> 01:24:01,760
time frame and um and if not they break
the redevelopment agreement.

1114
01:23:59,120 --> 01:24:05,360
» But here's my thing, you know, like
nobody knew this. Half this town

1115
01:24:03,760 --> 01:24:08,400
probably didn't even know what a pilot
program was. Would anybody here know

1116
01:24:07,440 --> 01:24:10,800
what a pilot was?
>> Correct. So Tammy

1117
01:24:09,440 --> 01:24:14,239
» pilot
>> two months ago,

1118
01:24:11,679 --> 01:24:20,000
» Tammy, that's not true. Right. So the
fact is about 6 months ago the developer

1119
01:24:17,679 --> 01:24:25,040
and go back further in time we had
residents over a year ago come to the

1120
01:24:22,639 --> 01:24:29,840
council and start talking about a pilot
before the developer even asked for one.

1121
01:24:28,560 --> 01:24:36,400
So we could have spoken it into
existence number one. Number number two.

1122
01:24:33,199 --> 01:24:41,920
So several months ago, six months ago or
so, they presented for a pilot.

1123
01:24:38,800 --> 01:24:44,159
» We had at this council meeting, Phoenix
Adviserss came in and did a

1124
01:24:43,679 --> 01:24:47,600
presentation.
>> Watching it. I never come to a council

1125
01:24:45,840 --> 01:24:51,120
meeting. I always watch them on Zoom
because I open my mouth.

1126
01:24:48,960 --> 01:24:54,000
» So they they gave me my mouth.
>> You're allowed to open your mouth. They

1127
01:24:52,480 --> 01:24:58,000
gave a presentation on what a pilot
program is. I didn't know what a pilot

1128
01:24:56,159 --> 01:25:02,159
program is either until about 6 months
ago until I started doing stuff. But I

1129
01:24:59,840 --> 01:25:05,600
feel we're going to be stuck with the
extra taxes that you know the taxes are

1130
01:25:04,560 --> 01:25:08,880
going to go up. We're going to be stuck
with it. And if we do a pilot down on

1131
01:25:07,280 --> 01:25:10,960
Houston Avenue, that's more
>> Well, we said there would be no pilot on

1132
01:25:10,320 --> 01:25:13,760
Houston Avenue.
>> Okay. I just

1133
01:25:12,239 --> 01:25:17,600
» I think that's why I'm pushing back. We
don't know that taxes are going to go

1134
01:25:15,199 --> 01:25:21,760
up. And in fact, we're doing it and in
fact, we're doing this to avoid further

1135
01:25:20,239 --> 01:25:24,400
taxes going up. Well,
>> I think we're still going to be tax but

1136
01:25:23,840 --> 01:25:28,080
I have a question.
>> So, we're doing the financial analysis

1137
01:25:26,639 --> 01:25:32,560
and that's the decision. That's what
we're going to base our decision on.

1138
01:25:29,280 --> 01:25:38,080
We've hired financial experts to do an
analysis to show us and and hopefully at

1139
01:25:35,920 --> 01:25:40,719
the next meeting, and I know everyone's
frustrated you haven't seen it, but

1140
01:25:39,360 --> 01:25:45,199
hopefully at the next meeting, we'll be
able to present the financials end to

1141
01:25:43,120 --> 01:25:50,000
end to show you what we're looking at.
But I promise you, the the premise of

1142
01:25:47,920 --> 01:25:52,639
all of this is so that we don't have to
continue raising your taxes 10% every

1143
01:25:52,000 --> 01:25:56,800
year.
>> Okay. The thing is,

1144
01:25:54,480 --> 01:26:04,600
» I'd like a show of hands. Who voted for
this p for this?

1145
01:26:00,000 --> 01:26:04,600
» No, the three red develops.

1146
01:26:06,400 --> 01:26:13,520
» Multiple multiple councils.
>> Okay. But um I just I just kind of

1147
01:26:12,080 --> 01:26:18,000
thought it was wrong having a meeting
the night the week before this meeting

1148
01:26:16,480 --> 01:26:20,080
to have a little conversation.
>> That was a club. That was completely

1149
01:26:19,840 --> 01:26:23,040
wrong.
>> Yeah. But so it was just kind of ironic.

1150
01:26:21,679 --> 01:26:27,040
» It was a political club. It was a
political club. The other side could

1151
01:26:24,560 --> 01:26:30,560
have also had a meeting. Hey, the EMS
could have like the public safety could

1152
01:26:29,840 --> 01:26:34,880
have had a meeting.
>> My last my last comment is there's

1153
01:26:32,400 --> 01:26:38,400
plenty of businesses in town here.
>> Yep.

1154
01:26:35,600 --> 01:26:41,280
» That are vacant.
>> Yes.

1155
01:26:39,040 --> 01:26:45,760
» Okay. Do you think these are going to
get filled quicker than the ones that

1156
01:26:43,760 --> 01:26:49,360
are vacant?
>> Well, the idea is to bring in more

1157
01:26:47,440 --> 01:26:51,600
business, right? But we wanted more
people

1158
01:26:50,960 --> 01:26:55,040
than more people.
>> So they're not they're not being filled

1159
01:26:53,120 --> 01:26:57,520
right now, right? Aid is is been v
vacant for

1160
01:26:55,760 --> 01:27:01,840
» talking about the little ones, you know,
>> little ones, right? So the the place the

1161
01:26:59,920 --> 01:27:04,320
uh flavor on fire has gone out three
different times. People aren't

1162
01:27:03,280 --> 01:27:07,520
supporting it.
>> There are there are places that are

1163
01:27:05,600 --> 01:27:12,400
killing it in town like trying to go to
W's, Nelly's,

1164
01:27:09,679 --> 01:27:17,199
LS Tekka to go get dinner at some point
and and they're crazy busy on a Friday

1165
01:27:14,080 --> 01:27:20,560
night. Charlie's place, you know, bagel
on a line on a Saturday morning is

1166
01:27:18,719 --> 01:27:24,960
around the corner. There's there's
there's uh plenty of business in Wick

1167
01:27:22,719 --> 01:27:28,159
that kill it and do great. But what we
need to do,

1168
01:27:26,320 --> 01:27:32,639
» we all talked about wanting to have a
food market in towns. We didn't have one

1169
01:27:29,760 --> 01:27:36,000
for for a while when uh the farmers
market went out. Now we have the food

1170
01:27:34,320 --> 01:27:40,239
emporium. Everybody was excited to have
that in there. And you know, they're

1171
01:27:38,159 --> 01:27:45,120
going on Facebook saying, "Well, help
me. How do I do better for you?" Because

1172
01:27:43,199 --> 01:27:46,000
I drive past there and the parking lot's
empty.

1173
01:27:45,520 --> 01:27:51,040
» Yeah.
>> Uh you know, maybe if there's 40 new

1174
01:27:48,960 --> 01:27:53,520
homes there, 40 new people, maybe they
need a place to go shop and they're

1175
01:27:52,400 --> 01:27:56,000
going to walk to food important. Maybe
they're going to come and get ice cream

1176
01:27:54,480 --> 01:28:00,159
at your place right across the street.
>> Maybe. So at that railroad across the

1177
01:27:59,520 --> 01:28:04,639
street,
>> right? That's on THE OTHER SIDE AT ice

1178
01:28:03,040 --> 01:28:08,080
cream, but they still want the farmers
market or the emporium. They're going to

1179
01:28:06,560 --> 01:28:11,840
have to walk over that rickety old
trestle that's all rusted.

1180
01:28:09,760 --> 01:28:17,120
» Yeah. Don't start me on that. So, well,
that's another subject. But anyway, I

1181
01:28:14,800 --> 01:28:22,159
just want to know who's who's running
for council next this year.

1182
01:28:19,520 --> 01:28:24,639
» You are. Terence is running for council.
>> Andy,

1183
01:28:22,960 --> 01:28:27,520
» you'll never see me do it again.
>> Huh?

1184
01:28:25,440 --> 01:28:31,199
» You'll never see me do it ever again.
>> Well, [laughter]

1185
01:28:29,440 --> 01:28:35,840
this is my last year.
>> I just I just had to speak my peace

1186
01:28:33,280 --> 01:28:39,760
because most of the people who talked to
them, they didn't know about this pilot.

1187
01:28:37,199 --> 01:28:41,520
And then two week two months ago, you
know, all of a sudden

1188
01:28:40,639 --> 01:28:45,040
» well that's when that's when the
developer

1189
01:28:42,239 --> 01:28:48,719
» WHAT'S THIS? OH YEAH, I SAID all that.
>> That's when the redevelop that's when

1190
01:28:46,800 --> 01:28:52,560
the redeveloper submitted for a pilot,
right? We can't assume that the

1191
01:28:50,639 --> 01:28:55,840
redeveloper is going to submit for one.
When they submitted for it, that's when

1192
01:28:54,159 --> 01:28:58,080
the process started.
>> Well, that should have been brought up a

1193
01:28:57,520 --> 01:29:02,480
long time ago.
>> It was right. We we sat at this meeting

1194
01:29:01,199 --> 01:29:05,440
about it. It was really quiet.
>> It was at every council meeting. There

1195
01:29:04,159 --> 01:29:09,199
was a there was a gentleman that came
here every meeting [laughter] and I give

1196
01:29:06,639 --> 01:29:12,320
him credit because I learned from him.
He gave me some things to go research. I

1197
01:29:11,040 --> 01:29:16,960
give him credit because he was very
persistent about it and coming every

1198
01:29:13,760 --> 01:29:20,320
meeting. He was here every almost every
council meeting asking about what we

1199
01:29:18,800 --> 01:29:22,080
were going to do for a pilot program.
>> Wow.

1200
01:29:20,719 --> 01:29:25,840
» So that was not
>> I think it stinks that he has he has to

1201
01:29:24,000 --> 01:29:29,920
pay or she has to pay a portion we have
to pay for and that's what I'm saying.

1202
01:29:27,440 --> 01:29:33,120
» But they're but they're they're paying a
portion of their revenue.

1203
01:29:31,600 --> 01:29:36,480
» It's not of their taxes. And then what
if they don't fill them all?

1204
01:29:34,960 --> 01:29:39,760
» There's safeguards in the redevelopment
agreement. And also at that point,

1205
01:29:38,239 --> 01:29:42,960
right, there's a couple things.
>> You can't get less than we can get,

1206
01:29:41,600 --> 01:29:46,960
right? Correct. Correct.
>> The bank has to the bank has to keep

1207
01:29:45,679 --> 01:29:50,159
them going, right? They have to make
enough money to keep the bank or the

1208
01:29:48,159 --> 01:29:54,400
bank will repossess the property.
>> We also have condemnation rights on the

1209
01:29:51,840 --> 01:29:59,600
property. There's a lot of safeguards in
there that help. And if he's killing it

1210
01:29:57,360 --> 01:30:01,679
and making a lot of money and going over
12%,

1211
01:30:00,239 --> 01:30:04,080
» then he's got to pay profit. He's got to
pay more.

1212
01:30:02,639 --> 01:30:06,880
» Okay, well then good. Let him pay more
because he should be paying more.

1213
01:30:05,199 --> 01:30:11,199
» And it has to be audited financial
statements. It can't just be I made $5.

1214
01:30:09,679 --> 01:30:13,679
It has to be an audited financial
statement. It has to be

1215
01:30:12,320 --> 01:30:16,639
» just kind of seemed a little bit, you
know, like little shitty.

1216
01:30:15,360 --> 01:30:18,880
» Right. Thank you, Tammy.
>> Thank you.

1217
01:30:17,679 --> 01:30:20,960
» Next.
>> Hi there.

1218
01:30:19,840 --> 01:30:27,840
» Hello.
>> I'm Sharon Corbett. Lotus Lane in town

1219
01:30:24,000 --> 01:30:32,400
here. I'm a former project manager.
Okay. I'm just going to lay that out on

1220
01:30:30,080 --> 01:30:37,280
the line. And I'm from the south, so I'm
just going to use my southern accent.

1221
01:30:35,040 --> 01:30:42,159
But anyway,
I don't have a problem with the pilot

1222
01:30:39,360 --> 01:30:48,239
itself. What I'm more concerned about is
I'm not hearing contingency plans if

1223
01:30:44,800 --> 01:30:52,159
something breaks, if something fails.
>> Meaning

1224
01:30:49,040 --> 01:30:55,520
» meaning, okay, you're using status quo
uh numbers and everything for the

1225
01:30:53,679 --> 01:30:59,520
students. That's great.
uh we're we're not taking into account,

1226
01:30:57,360 --> 01:31:03,360
oh, major floods could happen. Oh,
snowstorms, unbelievable snowstorms

1227
01:31:02,159 --> 01:31:08,719
going to happen and everything like
that. Where is the money that we're

1228
01:31:06,639 --> 01:31:12,639
getting on a monthly basis or yearly
basis, where is it going to be fed into

1229
01:31:11,199 --> 01:31:16,719
in the uh budget?
>> Our operating budget.

1230
01:31:13,760 --> 01:31:22,080
» Your operating budget. Okay. So, if for
some reason something happens and a

1231
01:31:19,600 --> 01:31:25,280
couple of trees fell down by the school
and now the school's going to cost some,

1232
01:31:24,000 --> 01:31:28,000
you know, additional things and
everything, you're going to pull that

1233
01:31:26,719 --> 01:31:31,360
money out.
>> So, the school would have if trees fell

1234
01:31:30,000 --> 01:31:34,320
down, the school would have insurance
which would pay for that.

1235
01:31:32,400 --> 01:31:35,440
» Okay. Well, I mean, I'm hoping that now
we do,

1236
01:31:34,880 --> 01:31:39,360
» right?
>> And everything, but you know, I we we

1237
01:31:37,679 --> 01:31:43,360
need to know we need to know
>> where the money's going. Yep.

1238
01:31:41,280 --> 01:31:44,880
» How it's going to be fed in if there's
problems.

1239
01:31:44,400 --> 01:31:49,040
» Mhm.
>> And you know, we don't want taxes

1240
01:31:47,360 --> 01:31:52,000
raised. And I know you said, "Oh, no.
We're not going to have that." Tax will

1241
01:31:50,960 --> 01:31:57,760
always be
>> always go up. But what what bothered us

1242
01:31:55,360 --> 01:32:04,159
was we're hearing, well, you know,
they're not going to pay taxes until 10

1243
01:32:00,080 --> 01:32:09,600
years down the line. But yet, we're
going to be okay. And I'm just worried

1244
01:32:06,880 --> 01:32:13,920
that we don't have a plan. And also the
second thing, well, first of all, I'm

1245
01:32:11,040 --> 01:32:18,719
glad that Allenale has five pilots and
everything, but if they jump over the

1246
01:32:15,760 --> 01:32:22,440
Washington Bridge, we don't need to go.
I'm just saying that.

1247
01:32:22,480 --> 01:32:30,800
Um,
the the other thing too is for God's

1248
01:32:27,520 --> 01:32:35,600
sake, uh, yeah, we have a CPA that's
going to check the books and and that's

1249
01:32:32,960 --> 01:32:42,239
good. However, I looked up I learned
about the uh you know the pilot today

1250
01:32:39,040 --> 01:32:48,639
and it says that really the best way to
go for any town is to work with the PFAF

1251
01:32:46,560 --> 01:32:56,159
which is the local government services
that deal with pilots to make sure

1252
01:32:52,159 --> 01:32:59,840
strict audits are in place. Now the big
concern and maybe that's what happened

1253
01:32:57,600 --> 01:33:05,199
at Hackinack and what happened in these
other places was that I'm not saying

1254
01:33:03,199 --> 01:33:12,159
this developer is going to do that but
they understated the revenue

1255
01:33:08,639 --> 01:33:18,239
at one point and they also put in uh
inflated costs so that their pilot

1256
01:33:15,840 --> 01:33:22,800
payment was less.
And if they jiggle the books and they

1257
01:33:20,159 --> 01:33:27,040
hand it to the CPA and the CPA looks at
it and says, "Well, let's see. This adds

1258
01:33:24,480 --> 01:33:30,320
up. That adds up. Oh, you're fine. We're
screwed."

1259
01:33:28,560 --> 01:33:33,120
» So, you don't think a CPA who's a public
servant?

1260
01:33:31,040 --> 01:33:36,960
» I think a CPA can do a lot of things,
but I also trust I I like to trust our

1261
01:33:35,520 --> 01:33:40,719
government agencies.
>> So, let's ask Anna for a second. Anna,

1262
01:33:39,040 --> 01:33:44,320
what what are the requirements for the
financial audits? Where do they have to

1263
01:33:43,280 --> 01:33:49,760
go?
They they have to be um prepared by CPA

1264
01:33:46,960 --> 01:33:52,320
and they are um authorized.
>> Okay. But what about the state getting

1265
01:33:51,360 --> 01:33:55,120
involved too?
>> The state doesn't get involved.

1266
01:33:53,520 --> 01:33:59,520
» Well, they should be because they have a
whole department for it.

1267
01:33:57,840 --> 01:34:04,239
But have y'all knocked on the door at
least if they said, "Look, that's not

1268
01:34:01,600 --> 01:34:11,199
our job. That's not what we do. Good
luck. You got it all in in par."

1269
01:34:08,960 --> 01:34:14,719
their audited statement. So that the
state has prepared this legislation,

1270
01:34:13,440 --> 01:34:18,080
right? The long-term
>> Yeah. In fact, they also made a new

1271
01:34:16,480 --> 01:34:23,199
legislation that I don't know if you
heard about, but if it gets passed, your

1272
01:34:20,719 --> 01:34:28,800
developer will have to send them the
report of their employees paychecks to

1273
01:34:26,800 --> 01:34:32,400
make sure that what they're saying, oh,
I got, you know, 150,000 in cash here

1274
01:34:31,360 --> 01:34:33,520
and everything. I got to pay my
employees.

1275
01:34:33,040 --> 01:34:37,600
» Great.
>> That's actually what they get. and that

1276
01:34:35,199 --> 01:34:42,159
gets passed. You should also make sure
that's in part of the contract, too,

1277
01:34:39,600 --> 01:34:44,159
that they have to they will abide by
what the state says.

1278
01:34:43,760 --> 01:34:47,040
» Just say,
>> "Well, they will. They will abide by all

1279
01:34:46,400 --> 01:34:51,360
legal rules."
>> Well, I hope they do. And there's a

1280
01:34:49,040 --> 01:34:54,960
process in place. I had a uncle promised
me he'd never drink. And then I found

1281
01:34:52,960 --> 01:35:00,719
him on the side of the wall drinking at
his bottle here. But he promised me and

1282
01:34:58,560 --> 01:35:04,480
he said he wasn't going to do it. But by
God, he drank it. means that wonder what

1283
01:35:03,120 --> 01:35:07,040
happened to him.
>> Anyway, it's

1284
01:35:05,360 --> 01:35:08,400
» hard to argue with a southern accent
like that.

1285
01:35:07,600 --> 01:35:13,840
» Yeah,
>> I'm from San Antonio.

1286
01:35:11,520 --> 01:35:18,639
» And uh you know, the thing is, you know,
I just want to make sure that when you

1287
01:35:16,719 --> 01:35:24,000
go through the effort and you're going
to present it, you get all these people

1288
01:35:21,600 --> 01:35:28,320
involved and we walk through and we
figure out that not only are we ready

1289
01:35:25,920 --> 01:35:35,280
for this, but this is what we do if we
have problems. Because that's a biggie.

1290
01:35:30,800 --> 01:35:38,880
I I I hope I hope that we can uh present
that at the next meeting and take the

1291
01:35:37,120 --> 01:35:42,560
feedback and okay,
>> don't make me ruin my readers here and

1292
01:35:40,719 --> 01:35:46,880
everything. I I
>> I don't want to have to be stepping in a

1293
01:35:44,480 --> 01:35:49,840
lot of stuff I don't need to set into.
You know what I mean?

1294
01:35:47,679 --> 01:35:52,800
» I think that interesting meeting. I
appreciate it.

1295
01:35:50,880 --> 01:35:57,639
» Okay. So, that said, I'm going to go do
my twostep and sit down.

1296
01:35:54,480 --> 01:35:57,639
» Thank you.

1297
01:36:02,960 --> 01:36:07,800
That That's a hard one to follow, folks.

1298
01:36:10,480 --> 01:36:16,000
» Hi, my name is Jackie. I just have a
genuine question. [clears throat] Just

1299
01:36:14,080 --> 01:36:21,360
genuinely want to understand better. So,
please be compassionate. If there were

1300
01:36:18,320 --> 01:36:24,560
kids who entered Crescent and somehow
were all in the same grade level, say

1301
01:36:22,960 --> 01:36:29,440
they were in my daughter's grade level.
>> Yep. I I genuinely want to know where

1302
01:36:27,440 --> 01:36:32,080
and the teachers went to the principal
to the superintendent said, "Hey,

1303
01:36:30,560 --> 01:36:35,840
listen. We we need another teacher for
this grade level." Where would that what

1304
01:36:34,400 --> 01:36:41,600
what would be the thought of where that
money would come from? The school board

1305
01:36:38,639 --> 01:36:45,040
just combined my daughter's grade level,
cut a teacher, can't afford to hire

1306
01:36:43,760 --> 01:36:48,960
another teacher.
>> They're down. They're combined. My

1307
01:36:46,480 --> 01:36:54,960
daughter's class just went from 14 kids
to 22 23. There's only two second grade

1308
01:36:52,719 --> 01:36:58,719
teachers now at her school.
they shifted things around to

1309
01:36:56,320 --> 01:37:02,960
accommodate other grade levels, whatever
was going on that I'm not privy to. But

1310
01:37:00,400 --> 01:37:07,520
I I if for some reason, you know, and
then people come, people go and they all

1311
01:37:05,119 --> 01:37:10,800
end up being in a grade level, you know,
what are the odds? But and the board

1312
01:37:09,199 --> 01:37:15,600
came to you and said, "Hey, we need some
money to hire a new teacher or I what

1313
01:37:13,920 --> 01:37:17,920
would that process look like? What would
happen there?"

1314
01:37:16,320 --> 01:37:22,880
» So, I I can't speak for what the board
of education would do, but I I imagine

1315
01:37:21,119 --> 01:37:25,440
this is what the process would look like
a little bit, right? Right? So, they

1316
01:37:24,159 --> 01:37:31,840
have a cap of what they're allowed to
raise taxes every year, 2%. If it came

1317
01:37:29,040 --> 01:37:34,960
to their um knowledge that they needed
another teacher in a certain grade,

1318
01:37:33,760 --> 01:37:40,880
either they're going to reallocate
resources or if they need to go over and

1319
01:37:38,239 --> 01:37:46,719
above that 2% cap, they need to apply
for a waiver. I forget what the name is.

1320
01:37:42,960 --> 01:37:51,040
Um President Maro and I think C um um
Trusty Frey talked about what that

1321
01:37:48,719 --> 01:37:54,800
process was to go over that cap. If they
go over that cap, they could get

1322
01:37:52,960 --> 01:37:58,800
approved. So if that were to go over
that, then the increase in tax would

1323
01:37:56,480 --> 01:38:02,239
fall to the to the burrow to accommodate
an additional expense.

1324
01:38:00,719 --> 01:38:05,119
» Okay. So then, right, that would have
>> right. So an additional teacher we

1325
01:38:03,679 --> 01:38:10,239
talked about earlier, right? About
$15,000,

1326
01:38:06,400 --> 01:38:12,960
» right? So they would so they the the
programs wouldn't work together. They

1327
01:38:11,600 --> 01:38:14,800
would kind of be on their board of ed
would kind of be on their own to do what

1328
01:38:14,320 --> 01:38:18,000
they would
>> board would have to make up their

1329
01:38:15,920 --> 01:38:20,960
budget. They would they would create
their budget. if they passed their

1330
01:38:19,360 --> 01:38:24,159
budget, it would get submitted to the to
the um to the town and we would have to

1331
01:38:23,040 --> 01:38:27,440
pay it.
>> Is there a provision like the pilot

1332
01:38:25,600 --> 01:38:32,639
program that says, "Hey, this Waldo
specifically would be out there, but we

1333
01:38:29,679 --> 01:38:35,920
we can siphon off a small for
emergencies for the school system." Is

1334
01:38:34,560 --> 01:38:39,840
there, you know, I know somebody had
said that it's not part of it or it's

1335
01:38:38,000 --> 01:38:42,880
it's, you know, not something that they
do, but is there something in there

1336
01:38:41,679 --> 01:38:46,800
where it's like, you know, this this
could happen? Well, listen, there

1337
01:38:44,639 --> 01:38:50,239
there's always things that this Burrow
and the Board of Education have done

1338
01:38:48,639 --> 01:38:56,800
together.
We share services with them. We pay for

1339
01:38:54,480 --> 01:39:01,440
SLEOs in part for for the for the board
of education. So, there's always ways to

1340
01:38:59,520 --> 01:39:05,679
help the board of education or to do
other things that are not part of the

1341
01:39:03,119 --> 01:39:09,199
budget. So, why sit here and say that we
can put that in a piece of paper on the

1342
01:39:07,440 --> 01:39:13,679
pilot? No, because it doesn't belong
there legally. But can we do something

1343
01:39:11,920 --> 01:39:15,760
to help the board of education in a
couple years? Absolutely. We always

1344
01:39:14,960 --> 01:39:20,320
have.
>> You know, when there's when when the

1345
01:39:18,000 --> 01:39:22,159
construction happened to do all that, we
waved every single permit fee.

1346
01:39:21,920 --> 01:39:25,600
» Sure.
>> Right. That takes money out of the

1347
01:39:23,840 --> 01:39:27,760
taxpayers's pockets to pay for that.
Yep. [clears throat]

1348
01:39:25,840 --> 01:39:32,320
» Right. That's not free. Um so that
happened, right? If if we cut the grass

1349
01:39:29,840 --> 01:39:36,560
at Trap Hagen, if our DPW guys do that,
that's not free. That that costs that

1350
01:39:34,239 --> 01:39:40,480
cost money to do that. They we utilize
the same gas service that's paid for by

1351
01:39:38,800 --> 01:39:44,320
by the council. That's not free. That
happens. The sle aren't free. That

1352
01:39:42,320 --> 01:39:47,840
happens. So, these are things that that
we do in conjunction with the board of

1353
01:39:46,400 --> 01:39:53,119
ed. And we would always help the board
of ed. Now, our kids, too. My kid goes

1354
01:39:49,280 --> 01:39:57,440
to Waldwick High School. Uh Mike has
kids here, but not here. Katie might

1355
01:39:55,040 --> 01:40:00,960
have kids someday. Councilman uh
Councilwoman Smith had a kid that went

1356
01:39:59,280 --> 01:40:05,199
through the the program. Councilman
Breck has grandkids that probably go

1357
01:40:02,480 --> 01:40:10,719
through the program. Councilman Windgate
has people in the program. So, we all

1358
01:40:08,960 --> 01:40:13,119
want the schools to be funded for sure,
>> right?

1359
01:40:11,199 --> 01:40:14,880
» Um, and we'll always work with the
school,

1360
01:40:13,679 --> 01:40:17,920
» right? There, you know, that was a draw
of us moving to Waldo. Has, is there a

1361
01:40:16,560 --> 01:40:21,679
way for us to know if the board of ed
reached out for for the upcoming school

1362
01:40:20,080 --> 01:40:25,360
year of, you know, they said that they
couldn't

1363
01:40:22,080 --> 01:40:31,920
» listen the the upcoming school year has
nothing to do with a redevelopment or a

1364
01:40:26,880 --> 01:40:35,520
pilot at this point, right? And uh um uh
coun um board of ed president Maro at

1365
01:40:34,159 --> 01:40:39,119
the last meeting that we had said they
already had a 1.9 million budget problem

1366
01:40:37,440 --> 01:40:44,480
for next year. He said that publicly.
Right. So that's already a shortfall and

1367
01:40:42,000 --> 01:40:46,159
we haven't even talked about pilots or
anything else yet.

1368
01:40:45,280 --> 01:40:52,080
» Right. Right.
>> So it's more work to be done.

1369
01:40:48,400 --> 01:40:55,679
» Okay. All right. Thank you.
>> I'm going to come because I'm on the

1370
01:40:53,760 --> 01:41:02,639
education portion of this too. So hi,
I'm Lisa Brown. I am a teacher. Um,

1371
01:40:59,119 --> 01:41:06,560
» and I am in a district and a town where
a pilot program right now has caused a

1372
01:41:05,040 --> 01:41:10,800
bit of a struggle. So, I have some
experience on what's happening. So, I'm

1373
01:41:08,400 --> 01:41:14,719
going to give you some scenarios to to
think about. Um, so actually the best

1374
01:41:13,199 --> 01:41:18,400
case scenario would be if we had 20
kids, they all went to one class and you

1375
01:41:16,320 --> 01:41:25,280
had to hire one teacher. The worst case
scenario is you get 25 30 kids that you

1376
01:41:23,199 --> 01:41:29,119
then have to place three kids in this
class, four kids in this class, two kids

1377
01:41:27,119 --> 01:41:34,080
in this class, five kids in this class
into classes that have already been like

1378
01:41:32,000 --> 01:41:38,719
that person before me was saying
combined. So now not you don't have to

1379
01:41:36,880 --> 01:41:43,679
hire one teacher, you have to hire five
teachers because you've now filled these

1380
01:41:40,800 --> 01:41:48,880
classes so full that they can't sustain
them and you have to split them. So,

1381
01:41:46,639 --> 01:41:53,520
that's some food for thought. Um, when I
was doing some pilot research, not only

1382
01:41:50,480 --> 01:41:59,920
for my district, but for um tonight, I
did read that there are some places um

1383
01:41:56,960 --> 01:42:04,320
that have advanced ordinances to
permanently dedicate portions of pilot

1384
01:42:02,400 --> 01:42:08,080
revenue to public school
infrastructures, capital funds. Now, I

1385
01:42:06,320 --> 01:42:13,600
know capital funds, they have to use
them for certain things, but they can

1386
01:42:09,600 --> 01:42:18,400
move it in ways that they can do that um
you know, that gets approved, etc., etc.

1387
01:42:15,840 --> 01:42:22,960
So, um, and then I also learned that
there is a Senate bill, which I heard

1388
01:42:20,239 --> 01:42:26,560
someone address over here, um, that I
did not have a chance to read, but I'm

1389
01:42:24,560 --> 01:42:31,440
encouraging all of you to read it to
maybe we can get ideas from that to get

1390
01:42:28,480 --> 01:42:36,880
ahead of this kind of problem, which is
a very real problem. And if we are

1391
01:42:34,560 --> 01:42:41,199
already seeing
not just Waldick but every school

1392
01:42:38,960 --> 01:42:45,760
district in all of New Jersey is
suffering um from budget problems

1393
01:42:43,679 --> 01:42:52,400
because of the rising cost of health
benefits costs that we cannot control.

1394
01:42:48,960 --> 01:42:56,880
Um we really need to get ahead of we
need to get ahead of this. So um by

1395
01:42:54,719 --> 01:43:00,800
reading into what things have been
proposed um I really think we need an

1396
01:42:59,600 --> 01:43:04,560
agreement in place to protect the
schools. I think it's great that we say

1397
01:43:02,800 --> 01:43:07,119
we've done it in the past. We've helped
them. And I'm not saying that to be

1398
01:43:05,920 --> 01:43:12,159
sarcastic, Joe. Right.
>> I it is it's wonderful. But

1399
01:43:09,920 --> 01:43:17,119
» the problem that we're having um under
this pilot is not only is the school

1400
01:43:15,360 --> 01:43:20,719
going to the town, the police department
is going to the town. Everyone is now

1401
01:43:19,199 --> 01:43:25,520
going and saying, "Well, we need some of
this pilot money." So, if you don't look

1402
01:43:22,800 --> 01:43:30,560
at it ahead of time and say exactly how
many kids are in each classroom, exactly

1403
01:43:28,320 --> 01:43:35,040
how many officers do we have to patrol
these areas, exactly how much, if you're

1404
01:43:33,199 --> 01:43:40,400
not really digging into those numbers
and looking at what extraund and

1405
01:43:37,760 --> 01:43:44,080
something people, 20 kids in each class,
if you're not looking at those real

1406
01:43:41,920 --> 01:43:48,639
numbers, it's it is going to come back
and it's going to be a problem, right?

1407
01:43:45,920 --> 01:43:52,000
» Um, so from my understanding is that
there is no agreement reached with the

1408
01:43:50,000 --> 01:43:56,480
board of ed right now. That's correct.
>> Correct. Okay. So, I highly encourage

1409
01:43:54,239 --> 01:44:00,560
you, please, please, please, please look
into that.

1410
01:43:57,840 --> 01:44:06,560
» Make, you know, really dig into real
actual numbers, not um hypotheticals.

1411
01:44:04,480 --> 01:44:11,360
Find out how many kids are in each
classroom. Find out how many, you know,

1412
01:44:08,960 --> 01:44:15,520
what what the limitations are. I don't
know how many kids can be in a class in

1413
01:44:13,760 --> 01:44:19,199
this district. I haven't read their
contract. I don't know what their

1414
01:44:16,960 --> 01:44:22,000
guidelines are. Um, but those are very
real scenarios that are going to come up

1415
01:44:20,719 --> 01:44:27,840
really fast.
>> So, you did say that you fund 100% of

1416
01:44:26,080 --> 01:44:29,520
the budget. Correct. So, that's the
approved budget. Correct.

1417
01:44:29,040 --> 01:44:33,920
» Correct.
>> So, these people who like people who

1418
01:44:31,920 --> 01:44:37,840
come in after and like she was saying,
catastrophes and things that happen,

1419
01:44:35,440 --> 01:44:42,719
those are not budgeted things. So, that
would leave the school in a bigger

1420
01:44:40,320 --> 01:44:48,159
shortfall than they all are already in.
So if we get 40 kids who come in that

1421
01:44:45,600 --> 01:44:53,679
were not budgeted for, even if you are
saying to us you're going to pay 100% of

1422
01:44:51,440 --> 01:44:58,719
what was budgeted for, that still leaves
those 25 kids or 40 kids, whoever showed

1423
01:44:56,800 --> 01:45:02,480
up at the door that were not budgeted
for that you're not taking into account

1424
01:45:01,760 --> 01:45:07,280
for.
>> Well, I I I'd say a couple things there.

1425
01:45:04,320 --> 01:45:13,280
So one, those kids are not coming in
tomorrow, right? So for approved budget

1426
01:45:09,600 --> 01:45:18,239
for 202627 school year if I would
imagine that they the board of ed would

1427
01:45:15,600 --> 01:45:21,520
look at their budget when that pilot was
or that building was close to being

1428
01:45:19,840 --> 01:45:26,480
developed and take into account the
potential for increased students and

1429
01:45:23,920 --> 01:45:31,280
take that into their budget. I I'd also
point to the fact that our enrollment is

1430
01:45:29,040 --> 01:45:35,360
is still below what it was 3 years ago
and even if we took 30 kids and added in

1431
01:45:33,760 --> 01:45:39,760
we'd still be below the enrollment of
where we were 3 years ago. And during

1432
01:45:38,000 --> 01:45:43,199
those 3 years, the budget still
continued to go up. So I'd argue that

1433
01:45:41,520 --> 01:45:48,159
it's not proportional, right? So
enrollment came down a little bit. So

1434
01:45:45,360 --> 01:45:53,040
maybe um you know, there's something
there that uh that doesn't add up to

1435
01:45:51,119 --> 01:45:57,119
what the budget is coming back to. I
think that the board of ed has been

1436
01:45:55,119 --> 01:46:01,440
responsible and always increasing to
their cap every year so they can keep

1437
01:45:59,360 --> 01:46:06,159
bringing in as much dollars as possible,
which is what they should do. Um so I

1438
01:46:03,600 --> 01:46:09,520
applaud them for that 100%.
But it's not directly proportional to

1439
01:46:08,239 --> 01:46:12,639
the number of students. If I look at
that, the number of students that coming

1440
01:46:11,199 --> 01:46:17,280
down, even if I go back 10 years, it's
probably even less as more kids. I think

1441
01:46:15,440 --> 01:46:22,719
when our kids graduated, the the class
was was bigger than what they are now.

1442
01:46:19,679 --> 01:46:27,119
Um, so if it's not proportional, how do
I do that? And you hit that nail on the

1443
01:46:24,960 --> 01:46:31,520
head when you said it's coming from the
state and the state health insurance.

1444
01:46:29,679 --> 01:46:37,360
And you I'm telling everybody here, all
of our voters, if the state doesn't do

1445
01:46:33,920 --> 01:46:42,480
something to change that health program,
all small towns, all of the same trouble

1446
01:46:40,880 --> 01:46:46,800
that we are, and they're going to all be
scrambling to do stuff, whether more

1447
01:46:45,199 --> 01:46:52,639
shared services or whatnot that come of
it, but the state needs to do something

1448
01:46:49,440 --> 01:46:54,159
to give all of us some relief. It's it's
a fact.

1449
01:46:53,360 --> 01:46:56,239
» Yeah.
>> Governor Cheryl needs to do something

1450
01:46:55,679 --> 01:47:00,400
today.
>> I I do have a question. Is our board

1451
01:46:58,080 --> 01:47:04,480
actively uh or council, I'm sorry, I'm
I'm usually a little bit our council,

1452
01:47:02,480 --> 01:47:09,760
are you actively petitioning the state
in any way about on that topic about um

1453
01:47:07,520 --> 01:47:15,280
health benefits for town?
>> A resolution after the last meeting?

1454
01:47:11,600 --> 01:47:22,400
» Yes. Okay, good. Thank you. Um uh okay
so on a different note um

1455
01:47:19,040 --> 01:47:27,440
I also learned that
well so you mentioned several businesses

1456
01:47:24,560 --> 01:47:32,480
that are not surviving or are are are
empty uh I don't have I'll I'll just say

1457
01:47:29,920 --> 01:47:37,119
right aid odyssey etc etc over and over
again so when I was doing my research as

1458
01:47:34,560 --> 01:47:41,760
to what the benefits for a developer was
like what why would they want to pilot

1459
01:47:39,520 --> 01:47:46,400
it said that
they get protection ction from market

1460
01:47:43,920 --> 01:47:51,040
downturns because pilot payments are
frequently calculated as a percentage of

1461
01:47:48,400 --> 01:47:56,000
actual rental revenue. The developer's
tax liability drops if the building

1462
01:47:53,600 --> 01:48:01,199
suffers from vacancy.
Is that is that true what I what I

1463
01:47:58,880 --> 01:48:05,040
learned? And what are we doing to
protect ourselves if that is the case?

1464
01:48:03,520 --> 01:48:09,199
Since we can't already fill the
businesses that we have, what if that

1465
01:48:07,440 --> 01:48:14,480
they're open, they have six businesses
that they can't fill. What are we doing

1466
01:48:11,840 --> 01:48:17,719
to safeguard
>> our town

1467
01:48:19,280 --> 01:48:25,920
about the redevelopment? I mean the
retail is a small portion of that

1468
01:48:23,360 --> 01:48:29,280
development. First of all, it's like how
many square feet? I can't 4,000 ft of

1469
01:48:28,320 --> 01:48:35,440
retail space.
>> So the majority of the building is um

1470
01:48:32,080 --> 01:48:40,080
lease rent apartments and condo and town
houses. So the taking the experience

1471
01:48:38,400 --> 01:48:45,679
from what has happened at the station
across the way, it's fully occupied. We

1472
01:48:43,520 --> 01:48:50,320
anticipate that those rentals will be
fully occupied as well. And and that's

1473
01:48:48,080 --> 01:48:55,040
what's in in the agreement. As far as
the retail, great point. We don't know

1474
01:48:53,360 --> 01:48:59,040
how quickly that retail will be filled.
And I don't know what's in the uh

1475
01:48:57,440 --> 01:49:01,600
protections in the redevelopment plan
for around those percentages. I don't

1476
01:49:00,320 --> 01:49:06,880
know if Anna, if you could look into
that or come back to us on that.

1477
01:49:03,520 --> 01:49:12,159
» I can look into that. But one of the um
there's 5,000 total square ft of retail,

1478
01:49:09,840 --> 01:49:17,840
but one is already an existing barber
shop. So, it is a very small portion,

1479
01:49:15,440 --> 01:49:23,600
but I can look into that would be
helpful because I I do think that's a

1480
01:49:19,679 --> 01:49:26,960
very um viable I mean, that's we we've
we've seen in town that we have a hard

1481
01:49:25,679 --> 01:49:31,360
time and it's not just our town. You
drive through Richwood, there's space

1482
01:49:29,199 --> 01:49:37,920
after space after space that's open any
town, every town around us. So for us to

1483
01:49:34,639 --> 01:49:40,639
imagine and and pretend that they're
just going to fill up and give us all

1484
01:49:39,119 --> 01:49:45,280
this money, I think that as an
assumption is a dangerous one to um to

1485
01:49:43,440 --> 01:49:49,600
use towards the um
>> so we Yeah. So we you know I I think

1486
01:49:47,920 --> 01:49:54,480
it's it's I'd love to hear your
feedback. We were really trying to

1487
01:49:51,600 --> 01:49:59,199
envision a scenario where, you know,
from end to end on Prospect, we had

1488
01:49:56,639 --> 01:50:04,560
retail that kind of matched across the
street. Um, you know, to to to do two

1489
01:50:02,719 --> 01:50:09,520
things. One, diversify kind of what's
down there, but but two, uh, avoid kind

1490
01:50:07,760 --> 01:50:14,639
of the overcrowding of of the
apartments. So, um I hear your concerns

1491
01:50:12,480 --> 01:50:19,760
about the retail, but uh the alternative
is to just put apartments there and

1492
01:50:17,440 --> 01:50:23,679
that's going to only increase the number
of people, students potential, and then

1493
01:50:22,000 --> 01:50:26,960
it's just going to it's going to chop
up, you know, kind of what I think we're

1494
01:50:25,360 --> 01:50:32,639
trying to achieve with this kind of
quaint downtown uh view. So, uh I'm for

1495
01:50:31,119 --> 01:50:37,600
the record, I'm I'm all for it. In a
perfect world with my I am all with you.

1496
01:50:35,520 --> 01:50:40,800
I would love to. And some of you
probably even saw my comments on

1497
01:50:38,800 --> 01:50:45,600
Facebook when I was talking to whatever
the giant market that's whatever the

1498
01:50:42,560 --> 01:50:50,480
market is now saying, you know, they
need to get what we want in that store.

1499
01:50:48,000 --> 01:50:55,199
They need to listen to us as, you know,
town folk cuz I really um I had high

1500
01:50:53,199 --> 01:50:59,119
hopes for them and I do. So I I'm I'm
with you. I hope it takes off. But

1501
01:50:57,600 --> 01:51:04,159
having
experienced it firsthand in this

1502
01:51:01,280 --> 01:51:08,639
district that I am in and seeing when
they did not do due diligence and ask

1503
01:51:06,480 --> 01:51:11,840
the questions that I'm asking, nobody
asks in our town. And all of a sudden

1504
01:51:10,239 --> 01:51:14,880
everybody's like, "Well, everyone has
their hand out asking for that pilot

1505
01:51:13,360 --> 01:51:18,639
money." And the town council is now
saying, "Well, how do we figure out who

1506
01:51:16,560 --> 01:51:21,040
we're giving it to?" So, you need to
figure out the plan of who you're going

1507
01:51:20,000 --> 01:51:24,880
to give it to and how you're going to
give it to them before you just

1508
01:51:22,400 --> 01:51:28,880
blanketly say yes to this builder.
One of the things that the develop the

1509
01:51:26,560 --> 01:51:34,880
um financial advisor did was do a
performer, right? So take the potential

1510
01:51:31,679 --> 01:51:38,239
income to the bureau and do an analysis
of what would be the percentage of

1511
01:51:36,719 --> 01:51:44,320
additional operating cost that we might
have and take that away as our potential

1512
01:51:41,840 --> 01:51:48,480
benefit. So if uh the chief came to us
and said I need to add another officer

1513
01:51:45,840 --> 01:51:53,920
because of all this or DPW needed
additional um services for whatnot and

1514
01:51:51,040 --> 01:51:58,400
we factored that into what the uh and
they came and presented that on

1515
01:51:56,560 --> 01:52:03,199
» and I I I just didn't understand it so I
want to clarify at some point you were

1516
01:52:00,719 --> 01:52:08,320
talking about later in the agreement the
town gets a higher amount of money

1517
01:52:07,280 --> 01:52:12,880
» right
>> um when does that happen like is it

1518
01:52:10,880 --> 01:52:17,199
» I can't share that now. that's still out
there. But at some point in the

1519
01:52:14,320 --> 01:52:22,400
agreement, there's a comparison done to
what number is higher, the percentage of

1520
01:52:19,679 --> 01:52:27,040
revenue that we would get according to
the pilot program versus the percentage

1521
01:52:24,719 --> 01:52:30,480
of conventional tax. So you would get
the higher of those two.

1522
01:52:28,639 --> 01:52:34,000
» But does that only kick in after 20
years, 25 years

1523
01:52:32,080 --> 01:52:36,400
» in the in the in the uh agreement? I
can't share that yet.

1524
01:52:35,119 --> 01:52:40,800
» Okay. because I think that's a very
important number because if we let it go

1525
01:52:37,920 --> 01:52:42,239
on for 20 years or 25 years then we're
going to be losing.

1526
01:52:41,679 --> 01:52:46,560
» Yeah.
>> Um I think that's it. Can I come back if

1527
01:52:44,800 --> 01:52:49,560
I go through my papers?
>> Sure.

1528
01:52:59,119 --> 01:53:06,400
» Hi Scott Wiselle Sheran Avenue. Um first
I want to thank all the public servants.

1529
01:53:04,080 --> 01:53:10,080
I know that times like this it's it's
not always easy. Um just a lot of

1530
01:53:08,480 --> 01:53:15,520
concern about what's happening in our
community right now. So I do have a

1531
01:53:12,480 --> 01:53:19,199
statement um and I do want to maybe
correct some of the record that was

1532
01:53:17,199 --> 01:53:22,639
spoke about here a little bit earlier.
Two things. First, I'm for this

1533
01:53:20,800 --> 01:53:26,239
development, right? I believe we need
it. I think our town needs to be

1534
01:53:24,159 --> 01:53:30,880
revitalized in a lot of different ways.
Um it's aging and we have some needs in

1535
01:53:29,280 --> 01:53:36,639
infrastructure.
Second, I'm an engineer. I sit on the

1536
01:53:34,080 --> 01:53:41,903
owner's side. I do redevelopment. I do I
sit in front of planning boards. I talk

1537
01:53:38,400 --> 01:53:46,480
to to planning boards all the time.
[clears throat] And uh I know what

1538
01:53:44,400 --> 01:53:53,800
developers are asking for, right?
Because I sit in front of engineers,

1539
01:53:48,960 --> 01:53:53,800
contractors, and understand the asks.

1540
01:53:54,400 --> 01:54:02,719
I'm here about the tax break though,
right? the tax break. That may sound

1541
01:54:00,159 --> 01:54:08,560
simple in some regards and complex in
others.

1542
01:54:05,440 --> 01:54:12,400
I just want to make sure it's necessary.
I think that's all the public really

1543
01:54:10,560 --> 01:54:17,760
wants to understand. Why is it
necessary?

1544
01:54:14,719 --> 01:54:23,599
And here's the ask in plain terms.
The developer wants to make the most

1545
01:54:20,639 --> 01:54:29,040
amount of money that they can. I want to
do that when I'm sitting on developer

1546
01:54:25,360 --> 01:54:34,400
side. My job is to maximize profits.
I put $100 million request into my CFO

1547
01:54:32,159 --> 01:54:38,880
and I'm putting 10% on top of that
number. So numbers up front aren't

1548
01:54:36,560 --> 01:54:46,800
always correct. Sometimes that balloons
to 120. Sometimes it's 20% less. Those

1549
01:54:43,280 --> 01:54:49,840
numbers are fudgeable up front.
We won't know until those numbers

1550
01:54:48,239 --> 01:54:56,719
actually become reality. And we're
become we're entering into a pilot

1551
01:54:52,480 --> 01:55:00,320
without knowing all the true numbers.
There's some interesting things in the

1552
01:54:58,400 --> 01:55:06,000
developers agreement that I I think the
the town for answering my

1553
01:55:02,469 --> 01:55:09,239
[clears throat] my Oprah request.
They're paying

1554
01:55:09,440 --> 01:55:17,679
in in in in
the benefit of the developer. They're

1555
01:55:14,880 --> 01:55:22,239
putting about 35% upfront, right? That's
roughly about $10 million they're

1556
01:55:19,280 --> 01:55:25,599
putting into development cash up front.
The remainder they're looking to

1557
01:55:23,360 --> 01:55:30,159
finance.
One of the three finance firms that or

1558
01:55:28,239 --> 01:55:34,880
banks that put said they would finance
it said that they would not do without

1559
01:55:32,560 --> 01:55:38,960
the pilot. The others were absent in
speaking about that. Now those are

1560
01:55:37,280 --> 01:55:44,320
non-binding letters. I understand all
that. But it doesn't mean that the pilot

1561
01:55:41,599 --> 01:55:50,800
can't the pilot is necessary, right? So
there are options out there still and

1562
01:55:46,560 --> 01:55:57,199
we're just asking for that to be proven.
There are some numbers inside that just

1563
01:55:52,639 --> 01:56:02,000
don't make any sense. Right? So
numbers are expressed in three different

1564
01:55:58,719 --> 01:56:07,970
ways and three different documents in
the application.

1565
01:56:04,400 --> 01:56:11,520
One at 16.9 million for the bank source.
[cough]

1566
01:56:08,719 --> 01:56:17,520
18.1 for employment in the employment
exhibit and 18.5 million in the

1567
01:56:14,480 --> 01:56:23,119
architect certification for costs.
can't have it all three different ways,

1568
01:56:20,320 --> 01:56:29,679
right? So, there's just numbers there
that just don't make any sense.

1569
01:56:26,560 --> 01:56:36,080
There's also the developer fee at 1.57%
which is really low. So, comparatively

1570
01:56:33,520 --> 01:56:39,719
industry somewhere between 3 and 5% for
redevelopers fees.

1571
01:56:43,920 --> 01:56:51,760
The burrow assumingly hired an expert to
look at this because the documents show

1572
01:56:49,920 --> 01:56:57,599
that the bureau had made some comments
to it. I haven't seen that document yet

1573
01:56:55,199 --> 01:57:02,639
what was sent. I'd love to see that and
what was asked for, but where's our

1574
01:57:00,239 --> 01:57:08,719
certification or our financial
statements or our financial study?

1575
01:57:06,719 --> 01:57:14,400
I'd like to see that released before
there's any vote or another meeting on

1576
01:57:11,040 --> 01:57:19,920
this. I'd like to build a model and
demonstrate what is inside those numbers

1577
01:57:17,920 --> 01:57:27,440
and to some degree I have but I can't do
it without seeing the numbers.

1578
01:57:23,360 --> 01:57:33,040
I asked for several things. Um there is
January 17th, 2024 the law passed that

1579
01:57:31,040 --> 01:57:36,320
we can share with the schools, right? So
I just want to put that on the record.

1580
01:57:34,800 --> 01:57:42,000
there is an opportunity to share with
the schools.

1581
01:57:38,719 --> 01:57:48,320
69% of the school pro 69% of our tax
basis goes to the schools,

1582
01:57:45,520 --> 01:57:53,199
right? Just pure logical math. The
remaining 31% 5% goes to the town or the

1583
01:57:51,280 --> 01:57:57,679
county and the 95% goes to the school
after the pilot.

1584
01:57:55,199 --> 01:58:03,199
How is our tax not going to go up
according to this? Just be based on back

1585
01:58:00,320 --> 01:58:07,760
of number back of the napkin numbers.
It's somewhere between $500 and $1,000

1586
01:58:05,440 --> 01:58:11,199
per house when you do the numbers with
the numbers that are out there right

1587
01:58:08,960 --> 01:58:15,440
now. I'm not saying that that is the
case. Those are just hypothetical until

1588
01:58:14,000 --> 01:58:19,119
everything's agreed to and we see the
real numbers. But there are other

1589
01:58:17,599 --> 01:58:24,080
developments that are being reconsidered
here. Two months ago, the plant the

1590
01:58:21,119 --> 01:58:29,280
board had approved redevelopment of two
other parcels over here.

1591
01:58:27,199 --> 01:58:35,440
what we're doing here today. Significant
tax burden relief off of the community.

1592
01:58:33,440 --> 01:58:39,520
And last piece, I ask that you guys show
us your numbers.

1593
01:58:37,440 --> 01:58:42,719
I would love to to see that. I'd like to
produce the results, share it with the

1594
01:58:41,040 --> 01:58:46,639
community.
And again, remember what we do here

1595
01:58:44,400 --> 01:58:52,760
today is just setting precedent for the
rest of the redevelopment.

1596
01:58:48,480 --> 01:58:52,760
Thank you. CAN I

1597
01:58:56,159 --> 01:59:03,280
could I just ask could I just ask that
uh you share those numbers? I uh I think

1598
01:59:01,599 --> 01:59:07,599
that that's exactly the financial
analysis I was talking about earlier.

1599
01:59:05,199 --> 01:59:12,159
Not not being condescending, but if you
could email that to us, I think that

1600
01:59:09,920 --> 01:59:15,920
would be really helpful. I think yours
>> first.

1601
01:59:14,159 --> 01:59:19,920
That's not how it works. That's not how
it works.

1602
01:59:17,679 --> 01:59:24,239
That's not how it works. So we we can't
share those numbers with you yet, right?

1603
01:59:22,080 --> 01:59:28,639
Once we before a vote would happen,
those numbers would be made public to

1604
01:59:26,080 --> 01:59:33,760
everyone. We can't share those yet with
with you according to legal counsel.

1605
01:59:32,000 --> 01:59:39,599
» Yeah, I understand it can't be shared
yet, right? But um I share my numbers.

1606
01:59:37,679 --> 01:59:44,719
If the developer looks at that,
>> they have an opportunity to rebuttle it

1607
01:59:42,239 --> 01:59:47,360
before there's any conversation or any
proof. So we need financial statement to

1608
01:59:46,719 --> 01:59:51,119
actually look at
>> the way it'll work is the financial

1609
01:59:49,520 --> 01:59:57,040
advisor will come they'll give a
presentation that's introduction you'll

1610
01:59:54,239 --> 02:00:02,480
have a month to then review those
numbers throw them into your model is it

1611
01:59:59,280 --> 02:00:05,760
a month it's about a month right
this before you actually

1612
02:00:04,159 --> 02:00:09,440
» we only need once we only meet once a
month now till the end of the year so

1613
02:00:07,679 --> 02:00:15,520
practically speaking you'll have a month
to review those numbers provide feedback

1614
02:00:12,320 --> 02:00:19,440
put them into your model Um, you know,
but this is not a gotcha moment. If you

1615
02:00:17,360 --> 02:00:23,440
have information that can help us make a
decision, I'd advocate that you give

1616
02:00:21,199 --> 02:00:28,159
that to us. Now, I wasn't being
condescending. I was asking if if if

1617
02:00:25,840 --> 02:00:32,080
there are people out there that believe
with an analysis that this is going to

1618
02:00:29,920 --> 02:00:36,639
change things, share it. We will
consider it. I I I promise you that.

1619
02:00:34,159 --> 02:00:38,800
But, um, but yeah, the at at I don't
know if it's the next meeting or the

1620
02:00:37,760 --> 02:00:43,760
meeting after, there'll be a
presentation from the adviserss full on.

1621
02:00:41,840 --> 02:00:48,880
you'll have a month to throw it in and
then you'll have an opportunity to come

1622
02:00:45,119 --> 02:00:54,080
back um uh with that information to uh
to then speak again.

1623
02:00:50,000 --> 02:00:57,599
» Yeah. So, hasn't there's been like me or
Councilman Bren sitting there doing

1624
02:00:55,679 --> 02:01:00,639
these numbers? We're paying financial
adviserss to do this work and they have

1625
02:00:59,760 --> 02:01:04,880
done some of the things that you're
suggesting already, you know, uh and

1626
02:01:02,960 --> 02:01:09,199
going through the model and figuring out
what is feasible, what's not and doing

1627
02:01:07,440 --> 02:01:12,960
those calculations. Maybe you're better
at it than they are. I don't know. But

1628
02:01:11,040 --> 02:01:15,280
these are the the the adviserss that we
have hired professionals that are doing

1629
02:01:14,560 --> 02:01:19,360
the service for this.
>> Yeah. I'm not I'm not attacking your

1630
02:01:16,639 --> 02:01:24,239
adviserss. Um there's just questions
around it, right? And we would just ask

1631
02:01:21,520 --> 02:01:28,480
that I mean those those comments from
your adviserss I don't think are subject

1632
02:01:26,000 --> 02:01:32,159
to the negotiations at this point. The
performance already been produced.

1633
02:01:30,480 --> 02:01:36,800
There's already records out there that
says that they've taken some of your

1634
02:01:34,719 --> 02:01:40,239
comments into consideration. I would
just ask what those comments were. There

1635
02:01:38,639 --> 02:01:45,840
had been a sidebar study in order to
make those comments. Right? So there's

1636
02:01:42,320 --> 02:01:50,239
some record out there of a study on the
performer and they had to they had to

1637
02:01:48,320 --> 02:01:55,040
produce a parallel perform in order to
make those comments.

1638
02:01:52,400 --> 02:01:59,360
» Yeah, I'm I'm sure. Yeah, they have.
Right. Then we're told we can't give

1639
02:01:58,560 --> 02:02:03,360
that out yet.
>> Yeah, they have. But the financial

1640
02:02:01,280 --> 02:02:05,040
agreement is not um
>> I'm not I'm not asking for the financial

1641
02:02:04,719 --> 02:02:09,360
agreement,
>> but that goes into it. So it cannot be

1642
02:02:07,280 --> 02:02:13,520
re released at this point yet.
>> But the performers are released.

1643
02:02:11,520 --> 02:02:17,199
» That was the pilot application and that
was included in there, but it's not a

1644
02:02:15,119 --> 02:02:22,000
final document. That's just their
application what they're showing.

1645
02:02:20,000 --> 02:02:27,119
» So they're they're intending to amend
the port for

1646
02:02:24,639 --> 02:02:30,639
» I don't know once the financial
agreement if there are going to be

1647
02:02:29,040 --> 02:02:35,360
amendments to the pilot application,
they can amend it.

1648
02:02:32,560 --> 02:02:40,080
» Okay.
Thank you. And I think to your point

1649
02:02:37,280 --> 02:02:45,199
about the the legality of whether we can
or can't pay the school, I'm not a

1650
02:02:42,880 --> 02:02:47,119
lawyer, so I I I rely on these I rely on
these.

1651
02:02:45,760 --> 02:02:48,080
» That law did not pass.
>> Yeah.

1652
02:02:47,520 --> 02:02:52,360
» Yeah.
>> 1807 is not passed yet.

1653
02:02:52,880 --> 02:02:58,880
» Not even a corresponding assembly bill.
It's not even out of committee.

1654
02:02:56,960 --> 02:03:03,840
» So, uh, the law I'm specifically
referring to passed on January 16th,

1655
02:03:01,679 --> 02:03:07,159
2024.
It is

1656
02:03:09,679 --> 02:03:15,159
C18 A 7G 151A

1657
02:03:15,599 --> 02:03:23,440
C18
A col 7G

1658
02:03:21,920 --> 02:03:28,560
151A
an amended PL 2023.

1659
02:03:27,360 --> 02:03:30,639
I'm more than happy to share that with
the council.

1660
02:03:29,599 --> 02:03:33,800
» I'd appreciate that.
>> Thank you.

1661
02:03:38,080 --> 02:03:44,960
How you doing? Uh Dan Mel Vet President,
I just want a clear fact that because

1662
02:03:42,639 --> 02:03:48,239
they were at our meeting yesterday, our
waiver cannot be for staff. Our waiver

1663
02:03:47,440 --> 02:03:50,159
is for insurance.
>> Yeah, that's why I said I can't speak

1664
02:03:49,280 --> 02:03:53,280
for you on that.
>> Yeah. Well, I I I just want to make it

1665
02:03:52,239 --> 02:03:57,119
out there because I'm trying to stay off
the internet. You both I'm having a good

1666
02:03:56,159 --> 02:04:02,159
6 months.
>> Um that we can only apply for a waiver

1667
02:03:59,840 --> 02:04:06,960
for insurance. No, hocus just did it,
but they went for maintenance, staff,

1668
02:04:04,320 --> 02:04:08,719
electric. They they built everything in.
That's why they had to go out for a

1669
02:04:08,320 --> 02:04:12,080
vote.
>> Got it.

1670
02:04:09,679 --> 02:04:15,480
» Insurance is a waiver, not staff.
>> Thank you, sir.

1671
02:04:21,840 --> 02:04:27,960
» Is that all?
>> Anyone else?

1672
02:04:28,800 --> 02:04:34,440
something different than
>> fantastic. Come on up.

1673
02:04:37,040 --> 02:04:41,920
You know
>> there's no order

1674
02:04:39,040 --> 02:04:46,880
» just to keep the subject going. So uh my
name is Manuelina Maggie for short for

1675
02:04:44,320 --> 02:04:52,320
you know to keep it short. I just wanted
to ask again about the parking situation

1676
02:04:50,080 --> 02:04:57,440
by the train station. I know we're going
through this. I'm not, you know, telling

1677
02:04:55,360 --> 02:05:02,080
you that the price is too high or not.
It is just something different that

1678
02:04:59,599 --> 02:05:09,520
haven't been done in the town for a very
long time. Since July 1st, the effective

1679
02:05:06,000 --> 02:05:13,760
rate went in for Dallas a day. Uh the
signs are, by the way, still off, just

1680
02:05:11,360 --> 02:05:19,679
so you know. And the app is really
annoying to have it when you're parking

1681
02:05:16,000 --> 02:05:24,960
there 5, you know, 9 to 7 to have a
notification at 10:00 a.m. 10 p.m. that

1682
02:05:21,920 --> 02:05:30,960
the parking expires because you guys are
putting the parking on the lot from I

1683
02:05:28,000 --> 02:05:37,040
think 9 to 10 or whatever that might be.
Uh the side parking is still enforced 5

1684
02:05:33,760 --> 02:05:41,199
to 5 Monday through Friday, which again
the app is now reflecting that. Still

1685
02:05:39,679 --> 02:05:45,760
not sure where you guys were at the
process. Not sure how many of you

1686
02:05:43,520 --> 02:05:51,199
commute to the city or take the train on
a daily basis. The parking lot has not

1687
02:05:48,880 --> 02:05:57,520
seen much of an increase. It is the
summer month. So I would just ask again

1688
02:05:54,560 --> 02:06:03,840
for the residents for our benefit of
commuting to the city to have option of

1689
02:06:00,960 --> 02:06:09,119
an annual pass. Increase it. I
understand 250 a year is too low. I

1690
02:06:06,880 --> 02:06:14,400
understand there's maintenance. You guys
are leasing the lot from New Jersey.

1691
02:06:11,599 --> 02:06:21,679
You're making the roof and as you know
commuters to the city, there's enough

1692
02:06:17,040 --> 02:06:27,280
room as we saw before. It's 70% utilized
regardless if it's mess or annual

1693
02:06:24,159 --> 02:06:31,920
parking uh permits. Let's combine them.
Think about it. Drop it down. The people

1694
02:06:30,000 --> 02:06:37,040
that are on the list have them the first
come first- serve basis. You had said

1695
02:06:34,480 --> 02:06:42,000
council that not everybody commit 5 days
a week. So there is room for moving and

1696
02:06:39,840 --> 02:06:46,880
getting extra revenue for a daily
parking for those that don't commute

1697
02:06:44,239 --> 02:06:51,920
every day and those that do not have a
parking permit. Towns around us have a

1698
02:06:49,520 --> 02:06:56,800
combination of both. And if they want to
be getting revenue, I think we should be

1699
02:06:54,400 --> 02:07:02,800
competitive with them in terms of having
the opportunity for the residents not to

1700
02:06:59,119 --> 02:07:07,760
pay $1,000 to park for a parking lot
that we already pay about $370

1701
02:07:05,920 --> 02:07:11,280
a month for commute to the city if
you're working every month. You know,

1702
02:07:09,840 --> 02:07:15,920
every month you have to pay for the
parking. So just my request, think about

1703
02:07:13,760 --> 02:07:19,520
it. Think about the community what it
will do. And also people take the train

1704
02:07:17,840 --> 02:07:24,960
over at the weekend with their kids,
whatever. Not. I understand. But put it,

1705
02:07:22,000 --> 02:07:29,920
you know, 5 to 5 or something. Put it on
a Saturday. Have a Sunday free. Let the

1706
02:07:27,280 --> 02:07:34,719
people go and enjoy it. Have everybody
enjoy an opportunity to explore for the

1707
02:07:32,719 --> 02:07:39,679
kids especially. Cuz now if you have to
walk with the kid or park, you know,

1708
02:07:36,719 --> 02:07:44,880
$12. Yes. You say $4 a day is not a lot.
But if you add it up over 52 weeks, 5

1709
02:07:42,400 --> 02:07:51,040
days a week, that's $1,000 going from
250. And I have not given notification

1710
02:07:48,560 --> 02:07:56,400
from you. the council or from the city
that there are going to be changes. You

1711
02:07:53,520 --> 02:08:02,400
guys have been postponing the permits
from last year. We had six months for

1712
02:07:59,520 --> 02:08:07,840
free. Why? We had, you know, a very
short notice of a month that is going to

1713
02:08:04,560 --> 02:08:12,880
be turned into a parking by a day. And I
also wanted to express I've emailed the

1714
02:08:09,840 --> 02:08:18,880
council first time on June 2nd just the
mayor and Miss Kelly on June 12th. more

1715
02:08:16,000 --> 02:08:23,520
of you people I have not even received a
response of thank you we'll look into it

1716
02:08:21,360 --> 02:08:27,599
I do not need answers I just want to
express to have let's think about the

1717
02:08:25,760 --> 02:08:29,440
community about the commuters that
already are paying the New Jersey

1718
02:08:29,119 --> 02:08:32,400
transit
>> fee sorry did you say you emailed all

1719
02:08:31,840 --> 02:08:36,639
all of us
>> yes I emailed you I didn't email Miss

1720
02:08:34,880 --> 02:08:40,800
Tatiana I emailed the mayor and I
emailed Mr. Kelly and Mr. Joe, Miss

1721
02:08:39,520 --> 02:08:45,440
Kathy, I believe, too.
>> I'm so sorry. I missed that. Yeah.

1722
02:08:42,480 --> 02:08:49,599
» Well, Dana was so I would assume you
might have ignored it for reasons. One,

1723
02:08:48,480 --> 02:08:53,520
it's been twice.
>> I respond to every email that comes. I I

1724
02:08:51,840 --> 02:08:54,880
» No, please check June 12th.
>> I will. I will.

1725
02:08:54,320 --> 02:08:58,159
» Thank you,
>> Becky. I just want to mention that

1726
02:08:56,320 --> 02:09:03,360
today's um ordinances that were
introduced are tweaking the hours um

1727
02:09:01,199 --> 02:09:08,320
that you're referring to. So, there will
be free parking and I'm I'm um uh is it

1728
02:09:06,320 --> 02:09:11,679
the lot or street side on Sundays? I
don't have those notes in front of me.

1729
02:09:09,920 --> 02:09:14,639
So, the street side parking will be free
on Mondays. Okay. Uh I'm sorry, Sunday.

1730
02:09:13,760 --> 02:09:18,159
Sundays.
>> So, you know, and we took that into

1731
02:09:16,079 --> 02:09:22,719
account for community events down at the
train station. Um just like you said,

1732
02:09:20,480 --> 02:09:27,119
families going into the, you know, into
um into the city. And uh and we and we

1733
02:09:25,679 --> 02:09:31,199
understand, we've been monitoring very
closely, I think, um to give it a fair

1734
02:09:29,040 --> 02:09:34,880
shot. Um, we need to look at the summer
months, but we need to look at the fall

1735
02:09:32,480 --> 02:09:37,920
months as well. We are getting a lot of
people um, showing up, but whatever

1736
02:09:36,560 --> 02:09:40,400
problems you have with the app, let us
know. We're not aware of anything.

1737
02:09:38,960 --> 02:09:45,760
» That's not the problem. It's just that
you have set up the time up to 10:00

1738
02:09:42,560 --> 02:09:51,679
p.m. So, if I pay a daily fee cuz I
commute, I take the 8:37 train and I

1739
02:09:49,040 --> 02:09:56,079
come back 7:02. The app still goes,
right? So, it's the app. So, because the

1740
02:09:53,440 --> 02:10:01,599
parking is till 10:00 and again, why is
it till 10:00? people do not leave the

1741
02:09:58,560 --> 02:10:06,159
town at 700 p.m. and even if they do
they're coming later. So, you've uh one

1742
02:10:04,320 --> 02:10:09,920
of the emails and I'm not it's it was
the street parking. Sorry. But yes, uh

1743
02:10:08,159 --> 02:10:15,119
the street parking has increments of 2
hours, I believe. Uh the main parking

1744
02:10:12,480 --> 02:10:22,239
lot is not it's just $4 a daily parking
rate. But why are we making it till 10

1745
02:10:17,920 --> 02:10:26,480
p.m.? Why? Why? Like who's going out and
you know on the train? People commute in

1746
02:10:25,199 --> 02:10:30,320
the morning, not at night.
>> Right. The thought on that is that there

1747
02:10:28,079 --> 02:10:35,760
are um people in the community um that
may be using the lot for uh parking or

1748
02:10:32,960 --> 02:10:39,920
overflow parking. So, um that's
something that we had to consider and

1749
02:10:37,040 --> 02:10:43,360
and keep in mind as well. So, um we did
we we really did try to take a holistic

1750
02:10:41,760 --> 02:10:47,199
look at at everything that's going on
and and I understand that a change like

1751
02:10:44,880 --> 02:10:50,719
that, you know, affects um families and
that's not the intent, but what we're

1752
02:10:48,800 --> 02:10:55,360
really trying to man manage is that that
there's a need there. Um and we continue

1753
02:10:53,040 --> 02:11:00,000
to hear that need every day up until um
July 1. So we know um and and the

1754
02:10:58,480 --> 02:11:04,400
difficult part for us would be we have
so many uh yearly committed residents um

1755
02:11:02,639 --> 02:11:08,800
and non-residents you know you you know
it was open to both um and to be able to

1756
02:11:06,560 --> 02:11:12,560
decide who um has precedence over the
others was uh was going to be an near

1757
02:11:11,199 --> 02:11:18,800
impossible task. So
>> I know I've been there last year so you

1758
02:11:16,079 --> 02:11:21,760
know it's not utilized and I should
think I think we should find a medium

1759
02:11:21,119 --> 02:11:25,880
for both.
>> We'll continue to look. Thank you.

1760
02:11:26,800 --> 02:11:34,480
Uh Jeffrey Rodoff. So I actually um
thought I wasn't going to say anything

1761
02:11:31,599 --> 02:11:38,800
tonight because I was trying to keep the
comment about come listen with an open

1762
02:11:36,960 --> 02:11:42,159
mind take in and I was really trying to
do that and I still am. So I'm not going

1763
02:11:40,719 --> 02:11:45,280
to comment anything on the pilot because
I'm still taking in all of this

1764
02:11:44,159 --> 02:11:49,679
information. But thank you for having
this discussion. I would welcome more

1765
02:11:46,719 --> 02:11:52,400
opportunities for this um you know
things where I could ask questions. I

1766
02:11:51,119 --> 02:11:55,440
felt a little weird asking questions now
because there's so many people here, but

1767
02:11:53,840 --> 02:12:00,320
I welcome that. But since we started
talking about parking, um I figured I

1768
02:11:57,599 --> 02:12:09,119
would jump on that bandwagon as well. I
have been uh had a parking permit since

1769
02:12:04,639 --> 02:12:14,560
2005 at this point. Um and uh it's it's
definitely a change to not have a

1770
02:12:11,280 --> 02:12:18,800
parking permit. And um so far I've
adjusted by um getting a ride to the

1771
02:12:17,119 --> 02:12:24,560
train every day. And I don't know if
that's one of the um goals of this is to

1772
02:12:22,400 --> 02:12:29,599
drive down some of the people who were
using permits um to change their

1773
02:12:26,960 --> 02:12:35,760
behaviors. If so, success, you know, I
have now drive driven that down. Um I

1774
02:12:32,000 --> 02:12:40,639
will say I am not opposed in theory to
it being higher than it was. like if to

1775
02:12:38,239 --> 02:12:44,639
the extent the concern was that it was
charged too far below market rates and

1776
02:12:42,639 --> 02:12:49,599
and you know we needed an opportunity to
address that, I'm open to to hearing and

1777
02:12:47,199 --> 02:12:52,880
having that conversation. Um, as you
might imagine, this is a topic of

1778
02:12:51,280 --> 02:12:57,599
conversation for a lot of the people who
commute into the city. Um, and I've

1779
02:12:54,960 --> 02:13:02,560
heard a number of different concerns
about this and and what it would do. Um,

1780
02:12:59,920 --> 02:13:06,719
certainly the hours that was just talked
about by the person before uh was a

1781
02:13:04,719 --> 02:13:10,400
common concern. It ranged from I don't
need that many hours to I want to go to

1782
02:13:08,880 --> 02:13:15,119
a Nick game and I'm not going to be home
by 10:00 and so what do I do in that

1783
02:13:12,719 --> 02:13:21,119
situation? So they're definitely, you
know, like the fact of the set hours um

1784
02:13:18,400 --> 02:13:26,880
that you're doing it is not flexible
enough for some some people. Um I would

1785
02:13:24,239 --> 02:13:32,719
if there is an option for a blended
approach of permits and and the park

1786
02:13:30,320 --> 02:13:38,880
mobile, I would highly encourage that.
Um I certainly um understand that there

1787
02:13:36,800 --> 02:13:41,920
is you know the situation we were before
where people felt like they could never

1788
02:13:40,239 --> 02:13:47,280
get a chance to park. You know it was
was less than optimal. At the same time

1789
02:13:44,480 --> 02:13:51,280
you know having a permit is really
beneficial for a number of reasons. Not

1790
02:13:49,040 --> 02:13:55,040
the least of which I am 100% convinced
at some point during this year if I do

1791
02:13:52,960 --> 02:13:57,599
this I'm going to forget to pay park
mobile and then I'm going to get a

1792
02:13:56,400 --> 02:14:01,040
ticket and then I'm going to feel like
an idiot and it will be my fault. But

1793
02:13:59,440 --> 02:14:06,000
nevertheless, I'm trying to avoid
situations like this. I also suspect

1794
02:14:04,000 --> 02:14:09,599
there are a certain number of people
because I've talked to them who are

1795
02:14:07,599 --> 02:14:13,199
saying I'm just going to get a ride to
down to the train. And so you're losing

1796
02:14:11,360 --> 02:14:17,360
revenue on those people. You're losing
revenue on me. I would pay more. I would

1797
02:14:15,599 --> 02:14:21,679
be glad to pay more for the privilege of
having the permit that I've had since

1798
02:14:19,040 --> 02:14:26,560
2005 or at least putting my name into a
an opportunity to get that. So, I know

1799
02:14:24,320 --> 02:14:30,800
that it's not completely uncommon to
have a parking lot where there are some

1800
02:14:28,400 --> 02:14:36,000
permits and some park mobile. To the
extent that could be um thought I would

1801
02:14:34,320 --> 02:14:40,239
considered, I would encourage it. And
again, just to be also very flex

1802
02:14:38,480 --> 02:14:43,679
flexible thinking about the hours. I
know you said there were some tweaks. I

1803
02:14:41,520 --> 02:14:47,040
didn't fully appreciate what the tweaks
are. Um but yes, there are people who

1804
02:14:45,599 --> 02:14:52,000
use it after 10. There were people who
will use it before. And so, uh thinking

1805
02:14:49,679 --> 02:14:55,440
of ways to in include that. Jeeoff, I
just want to give you one piece of

1806
02:14:53,280 --> 02:15:00,079
information. I think one of the goals
was that we had oversold the number of

1807
02:14:58,000 --> 02:15:04,800
permits for the lots that were there,
for units that were there. It was like

1808
02:15:01,440 --> 02:15:09,440
120 spots and we had sold 150 permits
and it still was underutilized and we

1809
02:15:07,599 --> 02:15:13,360
still had a waiting list of anotherund
and something people or 80 something

1810
02:15:10,880 --> 02:15:18,960
people that were not allowed to park in
the lot because we had already oversold

1811
02:15:16,560 --> 02:15:23,920
the spots that were there. So correct,
>> the objective was how can we free up

1812
02:15:22,159 --> 02:15:28,480
spots so that the people on the waiting
list can also use those spots. I don't

1813
02:15:27,360 --> 02:15:31,599
know
>> because of our lease agreement,

1814
02:15:29,760 --> 02:15:36,480
whatever. I'll I'll we can go back and
look at it if we're allowed to aortion

1815
02:15:34,159 --> 02:15:39,760
that and say half the lot's going to be
permitted and half is not. I don't know

1816
02:15:38,239 --> 02:15:43,360
if we're allowed to do that. I'd have to
ask and see if that's even a viable

1817
02:15:41,360 --> 02:15:47,679
option. But at that point, how do you
come up with out of the 150 people who

1818
02:15:45,679 --> 02:15:52,159
have already had those permits like
yourself, how do you come up with the 60

1819
02:15:50,560 --> 02:15:55,440
who are going to get it going forward?
>> One one thing I would think of off to

1820
02:15:54,079 --> 02:16:00,800
the top of my head, I mean, first of
all, I will say again, as someone who

1821
02:15:57,520 --> 02:16:05,760
has commuted in that lot since 2005, um
I have literally never seen every spot

1822
02:16:04,800 --> 02:16:09,760
taken up.
>> Correct. That was the point, right?

1823
02:16:08,079 --> 02:16:12,639
That's the whole point and that's what
we were trying to address. So when phone

1824
02:16:11,199 --> 02:16:15,840
calls were coming in every day from
people who didn't have yearly parking

1825
02:16:14,560 --> 02:16:19,840
passes and they were showing up for
streetside parking and they were looking

1826
02:16:17,119 --> 02:16:24,400
at a half empty lot, they were and the
calls were becoming I mean we we were

1827
02:16:22,079 --> 02:16:28,159
inundated with phone calls day after day
after day in the clerk's office because

1828
02:16:25,920 --> 02:16:32,000
they're frustrated. I showed up at 7:00
in the morning and there's a lot with 50

1829
02:16:30,159 --> 02:16:37,200
spots in it and my streets and the
street side um you know options are all

1830
02:16:34,559 --> 02:16:41,920
taken. Why can't I park in the lot? And
that's because if tomorrow every person

1831
02:16:39,280 --> 02:16:46,559
that we sold the yearly pass to showed
up and the lot was full plus it we had

1832
02:16:44,960 --> 02:16:50,559
30 people who couldn't park because we
were parked over then we had a problem.

1833
02:16:48,399 --> 02:16:55,040
And so what was what what we discovered
and what has really happened postco I

1834
02:16:52,960 --> 02:16:59,359
guess is that people are buying a yearly
pass and that used to be used 5 days a

1835
02:16:57,519 --> 02:17:03,439
week but people aren't using it 5 days a
week and so some are

1836
02:17:00,719 --> 02:17:07,359
» some some are some are sure but not a
lot and so the frustration from

1837
02:17:05,519 --> 02:17:11,840
residents and and anybody trying to
commute from our lot is I'm showing up

1838
02:17:08,960 --> 02:17:15,599
and it's a half empty lot and so um we
we needed to address that. We can't have

1839
02:17:13,519 --> 02:17:20,319
that happening. And if if we have 150
people on the wait list and we have

1840
02:17:17,920 --> 02:17:25,280
people calling every day, there is a
need there. And I think that by the fall

1841
02:17:22,319 --> 02:17:27,840
and once people kind of um you know, pay
attention to what's been happening down

1842
02:17:26,639 --> 02:17:30,960
there, I think you're going to start to
find that the lot's going to be full

1843
02:17:29,120 --> 02:17:33,920
every day because the need is there. And
that's we're trying to get as many

1844
02:17:32,319 --> 02:17:39,679
people parked in those spots as
possible. That's really the intention.

1845
02:17:35,760 --> 02:17:47,880
Anecdotally, someone I know would buy a
pass every year the same way you did and

1846
02:17:43,439 --> 02:17:47,880
go to the city three times a month.

1847
02:17:48,240 --> 02:17:54,960
» So, and so that's what the comment I was
going to say is like, look, obviously

1848
02:17:53,040 --> 02:17:58,240
you have a purchase a pass, you want to
be able to park in the lot, right?

1849
02:17:56,719 --> 02:18:04,080
» I I get that. That would be frustrating
if I showed it. But if what you're

1850
02:18:00,080 --> 02:18:10,800
observing is that, hey, we've sold this
x number of permits and yet we're seeing

1851
02:18:07,679 --> 02:18:15,519
60% of the spots or 40% of the spots or
25% of the spots underutilized every

1852
02:18:12,880 --> 02:18:20,479
day. I mean, I'm not saying
do 80 more permits, but but you know,

1853
02:18:18,479 --> 02:18:25,359
it's a little bit like an airline in
this regard, right? Like you could

1854
02:18:22,479 --> 02:18:28,160
probably sell five more, you know, and
under the understanding that not

1855
02:18:26,639 --> 02:18:32,399
everyone is doing this every day.
Frankly, you know, if I purchased a

1856
02:18:30,080 --> 02:18:36,399
permit, like that gives me the right to
park in that permit. It's, you know, I'm

1857
02:18:34,559 --> 02:18:40,960
not I you know, if you told me
beforehand, you know, if you choose to

1858
02:18:38,960 --> 02:18:45,679
purchase this permit, keep in mind we,
you know, I can't guarantee you 100% you

1859
02:18:43,840 --> 02:18:48,960
will have that spot. I can make that
choice then, you know, and maybe I'll

1860
02:18:47,280 --> 02:18:56,240
have to do park mobile that day. But
what we have now is a situation and yes

1861
02:18:51,840 --> 02:19:00,800
it is summer but it is like not
full and it's just hard and I have been

1862
02:18:58,479 --> 02:19:05,920
doing yes co change was a game changer
but even before co like if you looked at

1863
02:19:03,200 --> 02:19:09,439
those single spots at the end you know
like not where if it's broken into

1864
02:19:07,679 --> 02:19:12,080
thirds. There's a sign closest to the to
the train station that's stuck in the

1865
02:19:11,040 --> 02:19:16,559
middle. And then there's the one where
you can't park on both sides. Like those

1866
02:19:14,399 --> 02:19:22,960
are never full. like this is like there
has to be I have to think there's a plan

1867
02:19:20,240 --> 02:19:27,920
that would allow some type of permitting
basis for people who that is the most

1868
02:19:25,760 --> 02:19:31,840
whether you have permits for Tuesday
Thursday or permits for like you know

1869
02:19:30,639 --> 02:19:36,559
where there's another opportunity
because you are you losing money for

1870
02:19:34,719 --> 02:19:40,080
people who like I've talked to a number
of people who just like I can't if I

1871
02:19:38,240 --> 02:19:43,599
can't have a permit I'm just going to
I'm going to maybe there will be filled

1872
02:19:41,840 --> 02:19:47,359
up with so many of these other people
who are looking to do it. It's just an

1873
02:19:45,439 --> 02:19:49,840
inconvenience and like I said, you know,
like I know I'm going to forget the

1874
02:19:48,640 --> 02:19:52,800
super park mobile thing at some point.
I'm gonna get it. It'll be my fault and

1875
02:19:51,520 --> 02:19:57,040
you know, but if there is [laughter]
another option like other towns have

1876
02:19:54,800 --> 02:20:00,479
done with with a hybrid model, I think
that would be beneficial and I encourage

1877
02:19:58,960 --> 02:20:03,640
looking at it. Thank you.
>> Thank you.

1878
02:20:05,359 --> 02:20:13,040
» Good evening. My name is Patricia Hardik
and I live on Harrison AB and I've seen

1879
02:20:10,720 --> 02:20:18,800
you all before. Um I just want to
clarify something. I've lived on

1880
02:20:14,800 --> 02:20:22,720
Harrison A for 25 years and I think
could be a little bit less or a little

1881
02:20:20,560 --> 02:20:28,560
bit more. I kind of lost track of time.
Didn't plan on living here that long.

1882
02:20:25,040 --> 02:20:35,280
But um never once have I ever seen a
sign land for sale to redevelopment on

1883
02:20:32,240 --> 02:20:40,960
any of those properties. In fact, all
four houses were lived in, rented out.

1884
02:20:38,479 --> 02:20:47,920
And as far as cottage place, there was
never a sign for sale ever. So, how

1885
02:20:45,120 --> 02:20:52,800
could people even know that anybody was
considering or builders know that

1886
02:20:50,319 --> 02:20:56,880
anybody was considering
to sell out and let it be redeveloped?

1887
02:20:55,040 --> 02:21:00,319
» Because when we declared the area in
need of redevelopment, that opened up

1888
02:20:58,720 --> 02:21:03,280
the floodgates to people trying
>> to signs for sale.

1889
02:21:01,520 --> 02:21:05,680
» You don't do that, right? So, I get mail
every day, somebody trying to buy my

1890
02:21:04,880 --> 02:21:08,560
house,
>> right? That that that comes through.

1891
02:21:07,439 --> 02:21:11,920
Well, aren't you lucky?
>> Yeah.

1892
02:21:09,520 --> 02:21:16,080
» But as our taxes go up and maybe the
schools go down a little bit, my t my my

1893
02:21:14,640 --> 02:21:22,319
property is not going to be worth as
much. Um I want to ask I want to ask

1894
02:21:19,520 --> 02:21:27,280
about um the new state law that looks
like it's going to go into effect. 1807.

1895
02:21:25,520 --> 02:21:29,520
Does everybody is everybody familiar
with this?

1896
02:21:27,760 --> 02:21:34,319
» Yeah, we just talked about 1807 that
it's not even in legislative process at

1897
02:21:31,520 --> 02:21:36,560
this point. hasn't got past um the the
next level of approval yet.

1898
02:21:35,520 --> 02:21:38,000
» There's no assembly.
>> There's no even assembly bill for it

1899
02:21:37,760 --> 02:21:41,840
yet.
>> Still in committee.

1900
02:21:39,200 --> 02:21:46,000
» I I bet it's not going to even
>> come close to the current status of it.

1901
02:21:44,240 --> 02:21:48,720
There's no corresponding assembly bill
that's still in the appropriations and

1902
02:21:47,359 --> 02:21:50,319
budget committee with no hearing
scheduled.

1903
02:21:49,439 --> 02:21:54,080
» No hearing scheduled.
>> And and even if it did pass, this

1904
02:21:52,479 --> 02:21:58,720
development project wouldn't qualify
under that law for for having to abide

1905
02:21:56,880 --> 02:22:03,520
by it. It's for residential only, not
mixed use. when are we going to give a

1906
02:22:00,960 --> 02:22:08,000
financial thing so I would know as a
homeowner how I'm going to be affected

1907
02:22:06,160 --> 02:22:14,399
because a lot of us are seniors. We live
on fixed incomes. We plan our money

1908
02:22:10,640 --> 02:22:19,600
around taxes. We just had a around a 4%
increase. Is that right? 10% whatever it

1909
02:22:17,680 --> 02:22:24,640
was. It was a lot. And now you're
talking about this piloting this. I I

1910
02:22:23,120 --> 02:22:27,359
you know that's going to be another
increase on

1911
02:22:25,359 --> 02:22:32,479
» Well, the pilot in in the the theory of
the pilot is to offset future increases

1912
02:22:31,439 --> 02:22:35,200
to your taxes.
>> When when are we going to see the

1913
02:22:34,000 --> 02:22:37,680
financial papers?
>> So, we talked about that, right? So,

1914
02:22:36,479 --> 02:22:42,319
once the
>> How long? Cuz I hope we were hoping

1915
02:22:40,080 --> 02:22:44,720
today, right? We're not there yet.
>> Holding them up.

1916
02:22:43,120 --> 02:22:48,800
» We're not there yet, but there's there's
still details that have to go through.

1917
02:22:46,880 --> 02:22:52,640
There's still negotiations that have to
go through as soon as we can. If it's

1918
02:22:50,800 --> 02:22:56,319
the next council meeting, we'll have the
financial adviserss here to give a full

1919
02:22:54,640 --> 02:23:02,000
presentation and release it like we told
the other gentlemen. Um, and then

1920
02:22:59,120 --> 02:23:05,760
there's weeks of time in between that
and when the public hearing is so people

1921
02:23:04,160 --> 02:23:10,720
can go back, study the numbers, ask
questions, and uh at that point when

1922
02:23:08,960 --> 02:23:15,280
there's a public hearing is when the
council would have to vote yes or no.

1923
02:23:13,280 --> 02:23:19,520
» So, uh, let me let me just clarify the
procedure so that everybody understands.

1924
02:23:18,000 --> 02:23:23,680
There's an intro, it has to be approved,
the financial agreement gets approved by

1925
02:23:21,120 --> 02:23:27,120
an ordinance. Okay? So, just like you
have the ordinances tonight, there will

1926
02:23:24,960 --> 02:23:31,120
be an introduction at a meeting, right?
>> Where the financial uh advisor will

1927
02:23:29,520 --> 02:23:35,920
present everything
>> at the introduction. Then you'll have

1928
02:23:33,760 --> 02:23:40,160
the public will have a month or whatever
to absorb everything. It'll all be

1929
02:23:38,000 --> 02:23:42,240
posted and a public hearing on the
ordinance at the next meeting,

1930
02:23:41,920 --> 02:23:45,840
» right?
>> Where all your questions can be

1931
02:23:43,439 --> 02:23:50,560
answered. I hope we all can because you
know there are quite a few of us who are

1932
02:23:48,160 --> 02:23:55,920
very I felt like this was a you were
just shoving this down my throat

1933
02:23:52,399 --> 02:24:00,960
tonight. Um that you all are in for this
and I'm personally not in for this.

1934
02:23:58,880 --> 02:24:06,640
» I have I'm not going to live another 30
years to see this pilot paid off. Will I

1935
02:24:03,760 --> 02:24:11,200
ever benefit from it? No. Will the town
really benefit in the end? I want to see

1936
02:24:09,040 --> 02:24:13,600
the financial
school getting and

1937
02:24:12,240 --> 02:24:16,960
» right that's the decision that we all
have to make nobody has made a decision

1938
02:24:16,240 --> 02:24:20,080
yes or no
>> make it because it seems like some

1939
02:24:18,399 --> 02:24:25,520
people have already made
>> so tonight all all we did all I did

1940
02:24:23,040 --> 02:24:29,120
» was give you facts of what the pilot
agreement could do I haven't given you

1941
02:24:28,479 --> 02:24:33,439
any number
>> any good like what's the good from it

1942
02:24:31,920 --> 02:24:37,680
» the good that's what I talked about
>> we benefit as Waldwick residents

1943
02:24:35,600 --> 02:24:41,439
» so we get a redevelopment project that
hopefully spurs on future economic

1944
02:24:39,840 --> 02:24:46,640
growth and other development in the
area, bringing additional tax revenue to

1945
02:24:43,760 --> 02:24:52,000
the town. Hopefully increasing your tax
base, your tax um value in your home,

1946
02:24:50,479 --> 02:24:56,319
putting money in your pocket when you
finally do sell and and and move or or

1947
02:24:54,319 --> 02:24:59,439
whatnot or when I sell and move.
Hopefully that brings that hopefully

1948
02:24:57,760 --> 02:25:05,840
that spurs economic development where
other retail businesses can be filled

1949
02:25:01,600 --> 02:25:10,880
and uh and bring a revitalized look to
down in that area. That's the goal.

1950
02:25:08,160 --> 02:25:16,399
That's the good for the town.
A pilot program incentivizes developer

1951
02:25:13,439 --> 02:25:20,000
to do something where uh in otherwise he
may not be able to do. The gentleman

1952
02:25:17,680 --> 02:25:22,000
that came up here sounds very informed
>> very

1953
02:25:20,560 --> 02:25:25,439
» very informed on the process
>> in this whole process here.

1954
02:25:23,920 --> 02:25:29,280
» So but we're not the financial
adviserss, right? We're hearing from

1955
02:25:26,720 --> 02:25:33,760
financial adviserss who do what he does,
right? And we're getting information

1956
02:25:31,359 --> 02:25:38,720
from them that we can't give to you
right now. I'm not a financial adviser.

1957
02:25:36,960 --> 02:25:42,880
He's not a financial adviser. I don't
think I think he works for

1958
02:25:40,560 --> 02:25:46,240
» He does. He's a smart guy, right? Maybe
he should run for council one day and

1959
02:25:44,880 --> 02:25:51,600
and be up here doing that. I
>> I'll I'll stand there just like he did

1960
02:25:48,800 --> 02:25:56,080
for a year. Yeah, exactly. Yes. I look
forward to that one.

1961
02:25:52,960 --> 02:25:57,760
» Um we're testing kindergarten this year.
>> I run on sharers.

1962
02:25:56,960 --> 02:26:01,280
» I'm sorry. I couldn't hear you.
>> You know, they pre-est kids for

1963
02:25:59,520 --> 02:26:04,560
kindergarten to see. Well, you should
know it because that's going to affect

1964
02:26:02,720 --> 02:26:08,160
how many kids are coming into our school
by how many kindergarteners.

1965
02:26:06,160 --> 02:26:11,680
» Well, I I've just given you a trend of
what's happening over the last 10 years

1966
02:26:09,840 --> 02:26:14,319
of declining enrollment.
>> But we have a lot of new families move

1967
02:26:13,760 --> 02:26:17,600
into town.
>> Sure. We have a lot of families. We had

1968
02:26:16,800 --> 02:26:22,000
such a big turn,
>> right? I get it. And we have families

1969
02:26:18,880 --> 02:26:25,760
that graduate out. My older son's grade
was one of the biggest that came through

1970
02:26:23,439 --> 02:26:30,000
Waldwick. They graduated out um four
years ago. My son's grade now who's a

1971
02:26:28,240 --> 02:26:35,120
who's a junior in Waldwick High School,
his grade is smaller than than that

1972
02:26:31,920 --> 02:26:38,560
grade was. So, um you know, it could go
up. There could be more kids. I could

1973
02:26:37,040 --> 02:26:41,040
sell my house tomorrow and six kids
could move in. You could sell your house

1974
02:26:40,240 --> 02:26:45,920
and six more.
>> What we have in concrete um evidence how

1975
02:26:44,319 --> 02:26:48,479
many kids are going into kindergarten
this year?

1976
02:26:46,800 --> 02:26:53,040
» Let's take a look.
>> Let's prepare ourselves. We have to keep

1977
02:26:50,319 --> 02:26:57,439
our school strong and I don't think this
is the way to go to keep it strong.

1978
02:26:55,280 --> 02:27:01,200
» Thank you. I want to hear what
percentage is going to our schools to

1979
02:26:59,920 --> 02:27:04,640
the burough. Are we going to lose
workers? Who

1980
02:27:02,640 --> 02:27:08,160
» the idea is not to lose workers? That's
why we're doing this.

1981
02:27:05,520 --> 02:27:11,840
» Uh I don't know. Did by the way I'd like
to ask did did they have um they started

1982
02:27:10,640 --> 02:27:16,479
development on it and they
>> they did not

1983
02:27:13,760 --> 02:27:21,359
excuse me. They remove they took down
all the houses and they removed all the

1984
02:27:19,439 --> 02:27:25,439
soil and they're doing something
underground.

1985
02:27:22,560 --> 02:27:29,359
» The capping punch. Yeah. that is not
they've they have received a permit for

1986
02:27:27,600 --> 02:27:30,800
demoing which is what they've done but
construction

1987
02:27:30,080 --> 02:27:34,640
» soil right
>> but construction permits have not been

1988
02:27:32,479 --> 02:27:37,920
issued um you may be see a movement of
of uh soil uh that has to a lot of

1989
02:27:37,359 --> 02:27:41,359
movement
>> that has to do with um a road opening

1990
02:27:40,240 --> 02:27:46,080
permit that they took out with the
burough um but but construction permits

1991
02:27:43,840 --> 02:27:50,399
and foundation digging that has not been
>> whatever they're doing

1992
02:27:47,040 --> 02:27:52,560
» that has not been approved foundation um
permits have not been issued

1993
02:27:51,439 --> 02:27:56,080
» they are digging in the ground I'm
putting something I don't know that kind

1994
02:27:54,000 --> 02:28:00,160
of stuff, whatever it is, but I want to
make sure permits are in order and

1995
02:27:58,240 --> 02:28:05,200
somebody's inspecting the work.
>> Of course, we have all hands on deck.

1996
02:28:02,399 --> 02:28:09,760
» We have a pilot like committee to watch
over this whole process if it happens to

1997
02:28:08,160 --> 02:28:14,000
go through. Are we going to hire more
people to look out that everything's

1998
02:28:13,280 --> 02:28:18,880
being up?
>> Well, the pilot's only a financial

1999
02:28:16,080 --> 02:28:24,240
agreement. So, the the project that
they've proposed is already approved.

2000
02:28:21,760 --> 02:28:27,920
» Um, right. But I just want to
be watching that closely.

2001
02:28:26,160 --> 02:28:33,120
» We've been watching everything in our
school at Ramsey High School. Um they

2002
02:28:30,640 --> 02:28:39,040
did a parking lot, right? I was here at
a meeting and um it turns out they never

2003
02:28:36,240 --> 02:28:43,040
got permit for all that soil remover and
removal and stuff right at our high

2004
02:28:40,960 --> 02:28:47,439
school where the kids go to school. I
was at the meeting when this occurred

2005
02:28:45,280 --> 02:28:53,120
and I just don't want this happening in
my neighborhood or in Waldwick

2006
02:28:50,000 --> 02:28:56,319
» and I want to make sure all permits are
valid and dated.

2007
02:28:54,800 --> 02:28:59,520
» Yes, of course. That that's our number
one priority in in all projects and all

2008
02:28:58,240 --> 02:29:02,960
construction in town.
>> Happened in the school system when you

2009
02:29:00,960 --> 02:29:05,280
were they were making a larger parking
lot at the high school

2010
02:29:04,240 --> 02:29:06,960
» that Ramsey.
>> Yes.

2011
02:29:06,399 --> 02:29:09,840
» They actually
>> the Ramsay council just is not on top.

2012
02:29:09,520 --> 02:29:12,319
Oh, in
>> Wald. Yeah. Don't look so shocked. It

2013
02:29:12,000 --> 02:29:14,399
happened.
>> It happened in the Wald school.

2014
02:29:13,680 --> 02:29:18,240
» Yeah.
>> Yep. It did.

2015
02:29:16,160 --> 02:29:21,439
» Right in the high school. Look in the
look back through the, you know, town

2016
02:29:20,080 --> 02:29:24,720
meetings. I was here when it was
discussed. Mr. Maro,

2017
02:29:22,720 --> 02:29:27,280
» it was like, oops.
>> I don't want any oops in this. You know

2018
02:29:26,800 --> 02:29:30,800
what I mean?
>> I agree. And I think you need to

2019
02:29:29,200 --> 02:29:35,439
research how many kindergarters have
come in. You guys are get more research

2020
02:29:33,520 --> 02:29:39,280
than and make sure this is the right
thing for our town.

2021
02:29:37,600 --> 02:29:42,800
» I don't believe it.
>> Thank you.

2022
02:29:39,920 --> 02:29:42,800
» Thank you.

2023
02:29:46,160 --> 02:29:53,920
Hi Bob going uh West Prospect. We can
see we've had some spirited debates. I

2024
02:29:52,240 --> 02:29:57,600
just want to take this time because it's
been a long meeting. I I'd like to thank

2025
02:29:55,760 --> 02:30:02,399
everyone on the council for putting this
together. You can see there's a

2026
02:30:00,560 --> 02:30:06,000
» speaking to the mic.
>> I just want to thank the council also

2027
02:30:04,000 --> 02:30:09,920
for putting this together. Uh you can
see there's a spirit of debate. Everyone

2028
02:30:07,840 --> 02:30:15,439
has pros and cons. So, I'm sure you're
going to listen to it. I think the only

2029
02:30:12,160 --> 02:30:21,280
thing we can should all agree on is that
we need to revitalize the downtown area,

2030
02:30:18,560 --> 02:30:25,520
whether that's the pilot, which I think
as Joe, you you did a great job

2031
02:30:23,359 --> 02:30:30,000
explaining it. It sounds like it's a
step in the right direction. Uh I'm sure

2032
02:30:28,399 --> 02:30:34,160
you you're still going to pursue it. You
got more questions on it, which is

2033
02:30:32,000 --> 02:30:40,000
great. the people have some questions
and it's going to be directed for them.

2034
02:30:36,720 --> 02:30:45,439
But we don't want empty lots. Uh I think
you bring more people in. Whichever way

2035
02:30:42,080 --> 02:30:49,200
you do, they share in the tax burden. So
again, I'm just thanking you for having

2036
02:30:47,280 --> 02:30:54,880
this meeting. It's been a long meeting.
Like I said, we all stuck it out. But

2037
02:30:52,000 --> 02:30:58,080
again, thank you. And just listen to the
people. Uh you are going to make the

2038
02:30:56,640 --> 02:31:01,920
decision. I'm sure you make the right
decision and it's just going to be best

2039
02:31:00,319 --> 02:31:04,800
for the town. So again, just thank you
for your time. That's all I wanted to

2040
02:31:03,280 --> 02:31:09,040
say. Thanks, guys.
>> Good night.

2041
02:31:05,680 --> 02:31:13,359
» I'll just I'll just add uh that a pilot
is not a slam dunk decision, right?

2042
02:31:10,720 --> 02:31:17,200
There's a lot of people for and against
the pilot, and [clears throat] I bet you

2043
02:31:15,200 --> 02:31:20,880
if I took a survey at at different
places and people talking to me or

2044
02:31:19,200 --> 02:31:25,439
whatnot, I'll get different opinions.
Some people will be for it, some people

2045
02:31:22,880 --> 02:31:28,160
will be against it. We have to make a
decision at some point.

2046
02:31:26,720 --> 02:31:34,160
» Yes, sir.
>> Yes. My name is Pat Stevens and uh one

2047
02:31:32,080 --> 02:31:40,160
of the things I came up here for was to
find out can you turn the volume up cuz

2048
02:31:37,120 --> 02:31:44,319
we can't hear anything back there.
We have a problem in the past and Al has

2049
02:31:42,800 --> 02:31:48,080
corrected us at almost every meeting
that we don't speak into the microphone

2050
02:31:45,840 --> 02:31:51,600
enough. So he he hasn't come up to
correct us in in in a year. So thank

2051
02:31:51,359 --> 02:31:53,920
you.
>> I hope we do better. Yeah, we will do

2052
02:31:53,600 --> 02:31:58,200
better.
>> You we can hear.

2053
02:31:54,960 --> 02:31:58,200
» Thank you.

2054
02:31:58,399 --> 02:32:02,960
went out.
>> What's that? The feed went out.

2055
02:32:02,240 --> 02:32:08,840
» Yep.
>> Aware teams is on.

2056
02:32:05,120 --> 02:32:08,840
» Someone cut the cord.

2057
02:32:10,160 --> 02:32:19,840
» Uh the reason I came up here for is uh
this uh pilot program is how many years?

2058
02:32:18,160 --> 02:32:23,520
» Can't share those details. They're still
in negotiations the burough with the

2059
02:32:21,840 --> 02:32:26,640
redeveloper
>> in terms of the pilot camp.

2060
02:32:24,720 --> 02:32:30,720
» How long do they normally run? 20 years,
30 years, 40 years,

2061
02:32:29,680 --> 02:32:39,520
» 50 years.
>> They can run up to 30 years.

2062
02:32:34,240 --> 02:32:47,120
» Okay. My question is is in that 30-year
uh period. Okay. Their payments in lie

2063
02:32:44,800 --> 02:32:52,399
of taxes are fixed
>> at at year one or they escalate.

2064
02:32:50,240 --> 02:32:56,640
» They there's a percentage of revenue.
So, it's not fixed. All right. And it it

2065
02:32:54,880 --> 02:33:00,720
depending on the negotiation that
percentage can change over the life of

2066
02:32:58,399 --> 02:33:08,880
the agreement.
>> Okay. The uh other comment I have is

2067
02:33:04,160 --> 02:33:11,680
that um the board of ed makes up 65% of
the burough budget.

2068
02:33:10,720 --> 02:33:15,600
» Not borrow budget.
>> I'm sorry. The

2069
02:33:13,520 --> 02:33:19,200
» your tax the taxes,
>> right?

2070
02:33:16,000 --> 02:33:24,720
» Okay. And they have no control. The
board of ed in this town is absolutely

2071
02:33:21,840 --> 02:33:31,040
ridiculous. And there's nothing anybody
can do about it because they ra they

2072
02:33:27,520 --> 02:33:36,160
raise the uh taxes. You guys vote it
down and they go to Trenton and Trenton

2073
02:33:33,760 --> 02:33:41,280
says, "Oh, no, that's okay. This is what
you're going to be paying."

2074
02:33:38,319 --> 02:33:45,840
» How is that going to be?
>> I don't think uh that our board has ever

2075
02:33:43,760 --> 02:33:50,399
gone over the cap percentage of what
they're allowed to to increase. And our

2076
02:33:47,680 --> 02:33:56,319
board, our council has never told the
board of education no on that. Uh to in

2077
02:33:54,640 --> 02:34:01,120
fact our school has always been 100%
funded to my knowledge on every budget

2078
02:33:58,720 --> 02:34:05,040
that has come to us and the board of
education has never gone over the cap.

2079
02:34:03,439 --> 02:34:08,479
And if they did, there's a process that
they have to go to go over their cap

2080
02:34:07,280 --> 02:34:13,760
taxation,
>> right?

2081
02:34:10,800 --> 02:34:18,560
» And the council the council doesn't vote
on the school budget anymore.

2082
02:34:16,080 --> 02:34:23,040
that we did that the state got rid of
that years ago.

2083
02:34:21,120 --> 02:34:27,040
» The state government or the federal
government used to be where you're from.

2084
02:34:25,200 --> 02:34:29,680
It used to be the board of ed would
present their budget to the mayor and

2085
02:34:28,399 --> 02:34:32,880
council and the mayor council have to
vote on. That's no longer the case. That

2086
02:34:31,600 --> 02:34:37,399
hasn't been the case for many years.
>> They just go to the state.

2087
02:34:37,760 --> 02:34:45,120
» That's a really good program.
>> Who wrote that one? Triton,

2088
02:34:43,120 --> 02:34:48,000
» Titan.
>> Who would have thought?

2089
02:34:46,080 --> 02:34:53,520
» Yeah. [laughter]
>> And as far as the projections of the

2090
02:34:51,200 --> 02:34:57,760
town saying, you know, you're going to
put in we're going to put in 40 units

2091
02:34:56,080 --> 02:35:02,399
and there's going to be five new
students.

2092
02:34:59,359 --> 02:35:07,600
The board of ed has absolutely no idea
what the projection rates of the student

2093
02:35:04,720 --> 02:35:13,680
population is in Waldwick. And I've been
living here for 50 years. And I've

2094
02:35:10,240 --> 02:35:20,000
watched them where they closed down the
middle school,

2095
02:35:16,720 --> 02:35:24,880
remember? Because we had too many. We
didn't have enough kids to support the

2096
02:35:21,920 --> 02:35:30,640
middle school.
I don't And then they ended up then they

2097
02:35:27,359 --> 02:35:35,840
ended up uh going down the trap wagon
and putting in four trailers for

2098
02:35:32,800 --> 02:35:41,120
additional classrooms because Whoops.
Oh, that means it means over. [laughter]

2099
02:35:39,200 --> 02:35:43,840
» That might have been before our time,
but we

2100
02:35:42,640 --> 02:35:47,920
» it was a long time.
>> No, they just got they just got rid of

2101
02:35:45,600 --> 02:35:51,840
the trailers. Uh the sparkly ball. They
knew you were going to come and talk

2102
02:35:49,040 --> 02:35:56,319
about them. It's because I remember
>> That's right. That's right.

2103
02:35:53,600 --> 02:36:04,399
Unfortunately,
but my own question is that just uh how

2104
02:36:00,800 --> 02:36:11,760
the this pilot program protects the
taxpayers that are giving up

2105
02:36:08,479 --> 02:36:19,280
a percentage of their taxes for this
program that how are you protecting us?

2106
02:36:15,600 --> 02:36:25,200
I think that it um we could we could
continue to give you abstract uh

2107
02:36:22,080 --> 02:36:30,399
information on that. My my uh I hate to
do this um but but I I'd urge you to

2108
02:36:28,479 --> 02:36:34,479
come back uh at the meeting when we
provide the actual financial details.

2109
02:36:32,880 --> 02:36:39,280
Um, and then I think we actually have
concrete numbers to discuss

2110
02:36:37,120 --> 02:36:41,760
» only because I remember back in the 70s
when the uh

2111
02:36:40,319 --> 02:36:45,308
» that was before my time
>> when the uh [laughter]

2112
02:36:45,359 --> 02:36:50,640
» wasn't before mine.
>> I know

2113
02:36:48,319 --> 02:36:55,359
when when the uh mortgage rates were
going through the roof, 8 n 10%

2114
02:36:53,840 --> 02:37:00,800
mortgages.
And the trick the banks came up with to

2115
02:36:57,760 --> 02:37:08,399
get people to come in to take mortgages
was yeah they would offer a 5%

2116
02:37:04,720 --> 02:37:12,880
uh mortgage rate for 5 years and then
the payment would balloon.

2117
02:37:11,200 --> 02:37:17,439
» Yeah.
>> And I was just wondering if you're if

2118
02:37:15,280 --> 02:37:22,640
you're looking at who's ever doing the
negotiation from the town side if you're

2119
02:37:20,560 --> 02:37:26,160
looking at protective policies like
that.

2120
02:37:24,160 --> 02:37:28,960
I think we're looking at all angles.
>> Yeah, we're looking at everything,

2121
02:37:27,359 --> 02:37:32,560
» you know. And as far as financial
advisors,

2122
02:37:30,640 --> 02:37:35,560
Lehman Brothers was a big financial
advisor.

2123
02:37:36,240 --> 02:37:40,560
» We're not using the bank. Yeah, we're
not using banks.

2124
02:37:38,960 --> 02:37:47,840
» Although we had enough banks in Waldick,
we really could use the bank. Yeah.

2125
02:37:44,560 --> 02:37:54,080
» And another pizza parlor.
>> Okay. Thank you. Thank you. Thank you.

2126
02:37:51,200 --> 02:37:57,200
» Hi, Stacy Karacio. Um, and I know it's
very late and I apologize, but I have a

2127
02:37:55,760 --> 02:38:00,720
burning question that I'm really
concerned about. So, yes, the pilot was

2128
02:37:59,040 --> 02:38:05,600
the motivating factor, but now I'm more
concerned about the financial stability

2129
02:38:02,640 --> 02:38:11,200
of the developer. So, the fact that he
we didn't attract them by saying, "Hey,

2130
02:38:09,200 --> 02:38:15,200
we'll offer a pilot, right, to redevelop
as part of this initiative." And now all

2131
02:38:12,800 --> 02:38:18,800
of a sudden, we're sitting with empty
lots that potentially can't be

2132
02:38:17,040 --> 02:38:22,720
developed. Are we actually in a
situation where this project might not

2133
02:38:21,280 --> 02:38:25,680
go through cuz now he's coming and
asking that there's

2134
02:38:23,840 --> 02:38:30,080
» financial it's not about the financial
stability of the company why they ask

2135
02:38:27,359 --> 02:38:34,160
for a pilot. What you ask for a pilot
for is the financing of the project.

2136
02:38:32,399 --> 02:38:37,040
» Right? So he's unable to get financing.
So when we took

2137
02:38:34,960 --> 02:38:40,319
» because of the revenue that's coming in
of the project, right? So you have

2138
02:38:38,560 --> 02:38:44,800
revenue that comes in. You have to
generate a cash flow. how many unit how

2139
02:38:42,399 --> 02:38:50,560
many cash flow could we generate from 44
units versus how much the cost of their

2140
02:38:47,680 --> 02:38:54,399
financing is. So if that forget how much
money he has if if that developer has

2141
02:38:52,880 --> 02:38:58,000
more money that doesn't take into
account of what the cash flow for that

2142
02:38:56,160 --> 02:39:03,359
propert he's not willing to put more up
front right I'm in I'm in finance very

2143
02:39:02,000 --> 02:39:07,359
common practice right in
>> I understand he wants to he wants to

2144
02:39:04,720 --> 02:39:11,600
arbitrage I get it he's trying to do but
but that's not how redevelopment works

2145
02:39:09,600 --> 02:39:17,760
um with it being an area need of
redevelopment the pilot then becomes a

2146
02:39:13,680 --> 02:39:21,760
tool to allow um properties to be
redeveloped when there isn't enough

2147
02:39:19,359 --> 02:39:27,040
funding. So, because the project has
affordable housing units that are costly

2148
02:39:25,040 --> 02:39:31,520
to build, but you wouldn't recoup that
money in revenue, that's why there are

2149
02:39:29,439 --> 02:39:36,479
these incentives.
So, the pilot is an incentive for

2150
02:39:33,520 --> 02:39:41,600
someone to come in and build a project
that he proposed and purchased it prior

2151
02:39:38,960 --> 02:39:46,000
to us talking about the pilot, right? I
mean, the pilot was an afterthought,

2152
02:39:43,680 --> 02:39:52,560
right? They proposed a um they proposed
a project that was uh originally uh uh

2153
02:39:49,120 --> 02:39:59,120
higher density with uh no town homes, no
retail and uh prior councils pushed back

2154
02:39:56,800 --> 02:40:06,399
um on that and really and requested
lower density uh requested uh uh retail

2155
02:40:03,840 --> 02:40:12,080
and requested town homes in lie of all
of the apartments. Um, so really it was

2156
02:40:09,680 --> 02:40:16,640
kind of us pushing back on the developer
and saying we don't want something big

2157
02:40:14,479 --> 02:40:24,479
and dense and that doesn't kind of fit
within the idea that we're we're placing

2158
02:40:19,760 --> 02:40:29,680
here. Um, you know, and you know, so
whether he expected to submit a a pilot,

2159
02:40:27,760 --> 02:40:32,880
I I don't know. Uh whether anyone
anticipated one, I also don't know. But

2160
02:40:31,520 --> 02:40:36,160
I but I think that
>> but he's having trouble getting funding

2161
02:40:34,319 --> 02:40:41,280
now based off of the projected revenues
on an economy that's strong

2162
02:40:38,960 --> 02:40:47,600
it's a very small project in an
expensive area. Uh it's tough to finance

2163
02:40:43,600 --> 02:40:54,560
that. Right. So um I think that that is
not I as far as I know that's not a um

2164
02:40:52,080 --> 02:40:58,880
that that is not a uh that's not
something about them. That's just banks

2165
02:40:56,080 --> 02:41:01,680
are not unless banks are absolutely
secure that they're going to get their

2166
02:41:00,160 --> 02:41:03,280
money back from their investment,
they're just not going to finance

2167
02:41:02,720 --> 02:41:08,080
something,
>> right? So, doesn't that create concern

2168
02:41:05,359 --> 02:41:14,080
for us that we're basing a revenue
stream off of a revenue modeled project

2169
02:41:11,760 --> 02:41:18,960
that's our tax stream. So if that if the
if if we have a economy that goes weak

2170
02:41:16,640 --> 02:41:23,840
and rentals go down or we end up
overdeveloping in that and we end up not

2171
02:41:20,880 --> 02:41:28,160
having full occupancy we now are based
off of the revenue model as opposed to a

2172
02:41:25,600 --> 02:41:31,760
tax model all of us are
>> that is the risk that is the risk and

2173
02:41:29,840 --> 02:41:36,560
the risk we're looking to put safeguards
in place. Oh, but on the tax model, if

2174
02:41:34,720 --> 02:41:40,000
it's apartments and the and the market
does go down and those apartments go

2175
02:41:38,000 --> 02:41:44,640
vacant, the revenue comes down.
Properties that are commercial like that

2176
02:41:42,080 --> 02:41:48,560
that are revenue income or income
producing, they get taxed as income

2177
02:41:47,040 --> 02:41:52,319
producing property. They're not taxed as
like your normal house.

2178
02:41:50,240 --> 02:41:56,160
» Understand? So if the if the market
would tank and the rental market would

2179
02:41:54,000 --> 02:42:00,960
go down, you would also lose a lot more
in conventional taxes in that

2180
02:41:58,720 --> 02:42:03,760
» because we're not taxing the property as
a correct

2181
02:42:01,840 --> 02:42:06,560
» as a because it's
>> how is it taxed then?

2182
02:42:04,800 --> 02:42:10,560
» Because it's it's an incomeroucing
property. So the way it's taxed, it's

2183
02:42:08,880 --> 02:42:14,479
not on comparable sales like what it
would sell for. It's how much revenue is

2184
02:42:12,560 --> 02:42:22,479
being generated and what are the
expenses. So we always on our on our

2185
02:42:18,000 --> 02:42:26,080
rental properties, our multi- developed
properties tax on a revenue model. Um

2186
02:42:25,600 --> 02:42:29,439
for that
>> it's an income expense. Yes.

2187
02:42:27,359 --> 02:42:34,080
» So then what's the difference then with
the income of this to that? Like what?

2188
02:42:32,080 --> 02:42:38,720
Don't give me the real stuff, but like
why why why is this then a difference if

2189
02:42:37,359 --> 02:42:41,680
it's always revenue based?
>> Because the probably the percentages are

2190
02:42:40,319 --> 02:42:44,680
different,
>> right?

2191
02:42:45,120 --> 02:42:51,120
The percentage of revenue based um
>> and they'll go through that. I don't

2192
02:42:50,000 --> 02:42:54,000
want to push because I know you can't
disclose. I'm not looking for, you know,

2193
02:42:52,800 --> 02:42:59,680
but okay. So they'll go through that.
And then my other last um well two

2194
02:42:57,040 --> 02:43:03,200
points is when they run the numbers
they're going to like run a Monte Carlo

2195
02:43:01,359 --> 02:43:07,040
like to show like if the markets were to
go down the revenues were to go down

2196
02:43:04,720 --> 02:43:10,880
what the impact would be to us right in
all of that as part of their

2197
02:43:08,800 --> 02:43:13,200
projections. will see those
>> they're I think

2198
02:43:11,840 --> 02:43:17,120
» the financial advisors
>> you'll see our financial advisors

2199
02:43:14,800 --> 02:43:19,680
projections. Yeah. Which uh they they
put together well

2200
02:43:18,160 --> 02:43:23,359
» they'll also run it against different
markets types right to show us what

2201
02:43:21,840 --> 02:43:28,160
would happen if the market if we were to
have I right now we're in a strong

2202
02:43:25,040 --> 02:43:33,760
market like they should be running it in
a hypothetical if it were 2008 2009

2203
02:43:31,840 --> 02:43:38,399
right they run multiple scenarios to
show that are they going to prod produce

2204
02:43:36,160 --> 02:43:43,520
that to us? No, they typically don't do
it that way. They just look at the

2205
02:43:40,560 --> 02:43:49,439
project as it is proposed and they look
at um

2206
02:43:46,319 --> 02:43:54,120
if there is a real need for a pilot, but
they don't project it. I mean, they

2207
02:43:51,120 --> 02:43:54,120
project

2208
02:43:54,160 --> 02:44:03,760
» for the term of the of the pilot and
they have different um line items for

2209
02:44:00,960 --> 02:44:08,479
vacancies, but not for market
conditions, right?

2210
02:44:06,720 --> 02:44:11,439
There's there's a general there's a
general vacancy control and everything

2211
02:44:10,160 --> 02:44:16,720
that that's all based in the
calculations because look

2212
02:44:14,560 --> 02:44:20,880
» you you can't you could run a hundred
different simulations based on market

2213
02:44:19,120 --> 02:44:25,520
conditions. That's just impossible to
run, you know. So they they base it off

2214
02:44:23,439 --> 02:44:30,800
general market conditions as to what the
the average rentals would be, what the

2215
02:44:28,000 --> 02:44:34,560
costs are and give you a very good
projection as to what you can expect.

2216
02:44:32,640 --> 02:44:37,520
Nobody can plan for what
>> I mean that's usually why they run like

2217
02:44:36,880 --> 02:44:41,840
would shut down
>> like I mean if again like this is

2218
02:44:40,000 --> 02:44:45,439
individual like but we would run a 500
scenario calculation to see if you're

2219
02:44:43,680 --> 02:44:48,319
successful to retire right based on what
you have and like that's what you do

2220
02:44:46,800 --> 02:44:52,399
with financial planning so I would
imagine that they would have the

2221
02:44:50,080 --> 02:44:56,880
capability to run with the projection
especially if it's a long-term plan that

2222
02:44:54,800 --> 02:45:01,040
we're going into but all right I'll wait
for the financials on that and then my

2223
02:44:58,560 --> 02:45:07,439
last point um before I fall asleep over
here what everybody else leave with me

2224
02:45:02,880 --> 02:45:12,240
is that um paying out 100% of the the
school budget, but they're maxed at

2225
02:45:09,120 --> 02:45:16,080
giving us a 2% increase. Right? So, if
that pro if any of these properties in

2226
02:45:14,319 --> 02:45:22,160
the redevelopment end up putting us
stress, that puts a 4% increase on that

2227
02:45:19,040 --> 02:45:24,880
budget, trying to get that extra
difference. And that's probably where

2228
02:45:23,600 --> 02:45:28,800
we're feeling the pressure right now and
why everybody's so concerned because 2%

2229
02:45:27,279 --> 02:45:32,960
a year is not enough. it's not keeping
up with the cost of all the things that

2230
02:45:31,359 --> 02:45:39,920
are happening, right? Everything that's
going on. So I do think that um to try

2231
02:45:37,520 --> 02:45:44,560
to put some ease putting something in
place and I I don't know if that's state

2232
02:45:41,520 --> 02:45:48,560
regulated or how that becomes the 2% is
there but there should be some way for

2233
02:45:46,960 --> 02:45:53,600
us to make sure that if there is
something that is causing stress we have

2234
02:45:50,399 --> 02:45:57,040
an ability to pull more money into the
school system based on the fact that

2235
02:45:55,439 --> 02:46:00,560
this is not getting taxed regular if the
pilot program goes through.

2236
02:45:58,960 --> 02:46:04,640
» So if there's any way to do that I don't
know how that's regulated. And and a lot

2237
02:46:02,720 --> 02:46:07,920
of it has to do with the amount of money
that we're talking about. We're not

2238
02:46:06,080 --> 02:46:13,600
talking about a 100 unit complex where
there's a lot of revenue coming in.

2239
02:46:10,720 --> 02:46:16,880
We're talking about 40 units. So you can
do math. You could think about how much

2240
02:46:15,279 --> 02:46:22,319
is coming in and how much would
potentially come to us.

2241
02:46:20,880 --> 02:46:27,600
I wish I could share more with you right
now, but I I I can't. So, um, when the

2242
02:46:25,920 --> 02:46:30,720
financial advisors are come, as Council
Mitchie said, I think you'll be able to

2243
02:46:29,120 --> 02:46:32,640
see a fuller picture of what we're
talking about,

2244
02:46:31,279 --> 02:46:35,680
» you know, and I appreciate all the work
that you guys are doing. I know it's not

2245
02:46:34,000 --> 02:46:38,680
easy. So, thank you for taking the time
tonight.

2246
02:46:43,120 --> 02:46:50,399
» Sure.
>> Schultz, I just have a couple comments

2247
02:46:47,359 --> 02:46:53,600
and one question. Oh, sorry.
uh since they started knocking those

2248
02:46:52,240 --> 02:46:57,520
houses down, they did a nice job of
fencing it. The only problem now is they

2249
02:46:55,279 --> 02:47:02,319
put up black plastic. So if you're going
west on Frederick Street and you need to

2250
02:47:00,319 --> 02:47:05,200
stop, I'm going to guess by the end of
next week somebody's going to get

2251
02:47:03,439 --> 02:47:08,960
waffled cuz you can't see. You got to
stick your nose halfway out into

2252
02:47:07,120 --> 02:47:12,399
Harrison. So if they can maybe move the
fence back, they'll do something because

2253
02:47:11,120 --> 02:47:15,920
someone's going to get hit. Hopefully
not me when I'm walking and running, but

2254
02:47:14,399 --> 02:47:18,640
maybe some people hope that.
>> I I'll make sure I don't walk over

2255
02:47:17,200 --> 02:47:24,000
there. No one knows that. I would I
wouldn't have that J. That might be a

2256
02:47:21,279 --> 02:47:28,000
good point. Uh, one question I have is
that ordinance that we passed for the

2257
02:47:25,680 --> 02:47:33,439
police tonight, is that for body cam?
>> It is for tasers. It's body cam. It's a

2258
02:47:30,560 --> 02:47:35,120
uh combination package of uh of the
system that the police department will

2259
02:47:34,720 --> 02:47:39,680
be using.
>> And the is the body cam stored on site

2260
02:47:37,520 --> 02:47:42,160
or does the vendor keep those videos?
>> Uh, those are on a server I believe on

2261
02:47:41,600 --> 02:47:45,520
site. Chief,
>> it's cloud

2262
02:47:43,279 --> 02:47:49,279
» cloud storage cloud storage. Do we pay
when someone open requests that do we

2263
02:47:47,439 --> 02:47:52,479
have to pay from to get it from the
cloud back to the people or is it is it

2264
02:47:51,120 --> 02:47:55,520
part of the contract we don't have to
pay?

2265
02:47:53,200 --> 02:47:59,359
» Yes, we have to pay somebody submits an
oper request.

2266
02:47:57,439 --> 02:48:02,720
» They have to pay for that body camera.
>> They have to pay. Okay.

2267
02:48:00,880 --> 02:48:07,600
» And so a letter goes out to them to tell
them it's going to cost X. It's going to

2268
02:48:04,640 --> 02:48:11,439
take um a person this much time to do
it. It's going to cost them X. Are they

2269
02:48:09,760 --> 02:48:15,920
willing to go forward with that and make
the payment ahead of time? And if they

2270
02:48:13,680 --> 02:48:19,840
are, then they run the then they run it.
And if they're not, they'll say, "Nope,

2271
02:48:18,000 --> 02:48:22,560
I I don't I don't need that." Or they'll
narrow their scope down so it cost them

2272
02:48:21,760 --> 02:48:24,720
less money.
>> Perfect answer. It is

2273
02:48:23,840 --> 02:48:27,920
» perfect answer.
>> Okay.

2274
02:48:25,200 --> 02:48:32,399
» Uh this financial analysis, that's the
costbenefit analysis that the state

2275
02:48:30,160 --> 02:48:36,160
specifies in their booklet. So when
we're done with this financial analysis,

2276
02:48:34,240 --> 02:48:40,399
it's going to be the cost benefit
analysis, right? Are we talking about

2277
02:48:38,160 --> 02:48:44,960
the same thing? So part of part of the
analysis they do will show how much

2278
02:48:42,720 --> 02:48:50,800
revenue how much cost we're expecting to
see at a you know a budget based number

2279
02:48:48,640 --> 02:48:54,640
of what we think and what the net profit
would be to to the bureau

2280
02:48:52,720 --> 02:48:58,800
» and it includes all the cost for like
sewage water and all that.

2281
02:48:56,000 --> 02:49:01,520
» Yeah. He he took in a percentage all
those

2282
02:48:59,680 --> 02:49:04,560
» even though we don't it's anecdotal
right it's best guess.

2283
02:49:02,720 --> 02:49:09,279
» Okay. And the last comment is I know
I've been in a deal with this for the

2284
02:49:06,479 --> 02:49:14,000
last 14 months. Um, last comment I'll
make is I think if we would have gotten

2285
02:49:12,319 --> 02:49:18,160
people involved, so the three people
that spoke tonight, Stacy, the school

2286
02:49:16,399 --> 02:49:22,960
teacher I never met, and the other
individual, if we would have got them

2287
02:49:20,399 --> 02:49:27,600
involved 12 months ago with this, I feel
a lot better tonight than I did the last

2288
02:49:24,880 --> 02:49:32,080
12 months. So maybe something we learned
from this, and again, I don't want to be

2289
02:49:29,279 --> 02:49:37,600
a pain in the ass. The last 12 months, I
said, get people in the community

2290
02:49:34,319 --> 02:49:41,279
involved. And we did not. We did not
involve people. And again, we had three

2291
02:49:39,760 --> 02:49:44,720
people get up tonight that seemed very
knowledgeable. If we would have had

2292
02:49:43,200 --> 02:49:49,040
these people involved, and maybe we get
them involved now when the financial

2293
02:49:46,720 --> 02:49:51,760
statements come back, we need to get
people like this involved because they

2294
02:49:50,399 --> 02:49:52,720
know what they're talking about. Thank
you.

2295
02:49:52,160 --> 02:49:55,880
» Thank you, J.
>> Thank you.

2296
02:50:01,920 --> 02:50:08,080
» It's getting late. Laura Lel, I have a
question. Um, you stated that they

2297
02:50:06,479 --> 02:50:10,960
didn't pull the permits to pour the
foundation yet

2298
02:50:09,200 --> 02:50:12,560
» to dig out the foundation. Correct. No
construction permits have been issued

2299
02:50:12,160 --> 02:50:16,960
yet.
>> So, is that a them problem or they

2300
02:50:15,120 --> 02:50:19,120
haven't been issued or have they applied
for them?

2301
02:50:17,840 --> 02:50:22,399
» They have not applied for permits.
>> So, if they haven't applied because they

2302
02:50:20,640 --> 02:50:26,000
haven't gotten the funding if anything
falls through if the company goes

2303
02:50:24,080 --> 02:50:30,160
bankrupt, what happens to that property?
They just pay their taxes on the land.

2304
02:50:28,319 --> 02:50:33,120
» They will continue to pay their taxes
and they're the rightful owners of that

2305
02:50:31,680 --> 02:50:36,479
property. So, are they waiting for the
pilot to be approved before they pull

2306
02:50:34,800 --> 02:50:39,359
the permits? Does anybody know? Or is
that a Cresken moment?

2307
02:50:37,520 --> 02:50:42,319
» Most most likely, but we can't, you
know, can't say for certain. They are

2308
02:50:40,479 --> 02:50:45,040
the rifle owners of the property.
>> Okay.

2309
02:50:43,279 --> 02:50:47,279
» With site plan approval, which means
they could go to the building department

2310
02:50:46,399 --> 02:50:51,760
to take out.
>> And how long would it take for that uh

2311
02:50:49,439 --> 02:50:56,560
permit to be approved? I I'm just
wondering if us or if the if the council

2312
02:50:54,560 --> 02:51:01,760
not approving the pilot is delaying the
project, which is in essence going to

2313
02:50:58,160 --> 02:51:06,720
delay the money or delay the development
and then delay the rentals and the 100%

2314
02:51:04,560 --> 02:51:11,840
for the pilot to take effect and it's
just a domino effect. And if we're in

2315
02:51:09,359 --> 02:51:14,720
negotiations right now and it's going to
take months, are they going to wait

2316
02:51:13,359 --> 02:51:20,960
months to start developing?
>> They do not start construction

2317
02:51:18,160 --> 02:51:24,960
in place. No, they they cannot ask for a
pilot after they start construction,

2318
02:51:22,960 --> 02:51:28,000
right?
>> That would put the pilot in.

2319
02:51:26,560 --> 02:51:31,760
» They could start construction tomorrow,
but then

2320
02:51:28,720 --> 02:51:34,880
» but then the table. So, you can you can
assume that's why they're they're not

2321
02:51:33,520 --> 02:51:39,439
starting. I think
>> so. We can anticipate as a town that

2322
02:51:36,640 --> 02:51:42,319
they won't be developing for probably
another month or so

2323
02:51:40,880 --> 02:51:44,960
» at least.
>> At least.

2324
02:51:43,439 --> 02:51:51,120
» Okay. Thank you.
>> Thank you. Anyone

2325
02:51:48,720 --> 02:51:53,680
else?
>> All right.

2326
02:51:51,520 --> 02:51:56,160
» If not, do I have
>> I was waiting till

2327
02:51:55,760 --> 02:52:01,840
one more.
>> Um, so the last the last point that I

2328
02:51:58,479 --> 02:52:07,920
wanted to make before was I I had asked
about that um or I had mentioned that

2329
02:52:05,600 --> 02:52:11,600
bill that was being proposed and I heard
several other people bring it up and I

2330
02:52:09,760 --> 02:52:14,640
heard your responses saying you doubt
that it's going to go through. You don't

2331
02:52:12,800 --> 02:52:18,000
think it's going to happen. Um, but I
want to put another worst case scenario.

2332
02:52:16,479 --> 02:52:20,479
I know I'm like a doom and gloom kind of
person, but these are the kind of things

2333
02:52:19,200 --> 02:52:25,600
that you think about when you're in
education. Um, you have all been very

2334
02:52:23,680 --> 02:52:29,520
supportive of the school district since
I have lived here. I All of my kids went

2335
02:52:28,080 --> 02:52:34,240
through the public schools here. I've
been very happy with public schools. Um,

2336
02:52:32,399 --> 02:52:38,160
is Dan still here? I've had meetings
with Dan about all sorts of crazy

2337
02:52:36,080 --> 02:52:42,240
things. I'm actually the I was the last
person to keep grad ball alive in Waldo

2338
02:52:41,040 --> 02:52:48,160
High School for those of you who didn't
know. So I am a super involved person.

2339
02:52:45,120 --> 02:52:52,240
Um but the
one of the worst case scenarios that I

2340
02:52:49,760 --> 02:52:58,000
also think of is when we are not all
here. those people who are so pro-

2341
02:52:54,560 --> 02:53:02,960
education, so pro public education, when
and if, god forbid, 20 years from now,

2342
02:53:00,880 --> 02:53:07,279
we don't know what our town is going to
look like when we have a different

2343
02:53:05,040 --> 02:53:13,279
council that is up there and it is not
in place that a certain portion of this

2344
02:53:09,840 --> 02:53:16,880
money goes to public education. We could
be in a very different having a very

2345
02:53:15,520 --> 02:53:22,080
different problem, a very different
discussion because if we don't set that

2346
02:53:19,359 --> 02:53:27,840
precedent saying that it is important
for us to make sure that a certain

2347
02:53:25,200 --> 02:53:32,560
amount of this money goes to the public
schools and

2348
02:53:30,560 --> 02:53:38,399
we don't put it in writing, put it in an
agreement and we just go on the faith

2349
02:53:36,000 --> 02:53:42,560
that we've done it all for so long and
we've just always supported them. if

2350
02:53:39,680 --> 02:53:47,040
it's not in writing that could destroy
public education because if those funds

2351
02:53:45,040 --> 02:53:50,800
let's say that this public this is the
first this is this is our first pilot

2352
02:53:49,520 --> 02:53:56,080
program right
>> okay so this is our first one who's to

2353
02:53:53,279 --> 02:54:00,960
say in 10 years 15 years when some of us
have moved away gone Florida done

2354
02:53:58,160 --> 02:54:04,800
whatever it is we have set a precedent
we've set a precedent that it's not

2355
02:54:03,040 --> 02:54:09,680
going to happen and we continue to add
these type of projects and those funds

2356
02:54:07,600 --> 02:54:15,359
are not specifically dedicated
and put into into place what is going to

2357
02:54:13,680 --> 02:54:19,840
protect public education.
>> Yeah, Lisa, I I think there there's some

2358
02:54:17,359 --> 02:54:23,439
points there that could be addressed
when you see the financial numbers. The

2359
02:54:22,160 --> 02:54:29,359
financial numbers have to make sense for
the bureau, too. So if the number is not

2360
02:54:27,200 --> 02:54:32,399
big enough where we can set aside a
percentage that would make any

2361
02:54:30,640 --> 02:54:38,080
substantial impact to the board of
education and benefit the bureau then

2362
02:54:35,279 --> 02:54:43,279
the benefits of doing a pilot don't
really make sense. Right? So if the

2363
02:54:40,399 --> 02:54:46,880
finances make sense where the percentage
of revenue that we can take in makes

2364
02:54:44,880 --> 02:54:55,120
sense for the bureau and increase the
municipality ability to support services

2365
02:54:50,800 --> 02:55:00,640
like police, fire, DPW, whatnot, we need
to handle that first while still funding

2366
02:54:57,760 --> 02:55:03,920
the board of education at 100%.
I wish I could share more numbers with

2367
02:55:02,160 --> 02:55:08,479
you. Hopefully at the next council
meeting we can share more numbers and it

2368
02:55:05,680 --> 02:55:13,800
will become more apparent of what we can
and can't do. Okay, thank you.

2369
02:55:10,479 --> 02:55:13,800
» Y thanks.

2370
02:55:21,279 --> 02:55:29,840
» Uh Pat Morty, uh Pennington Avenue. Hi.
>> Hi Pat.

2371
02:55:25,520 --> 02:55:35,200
» Um I wanted to just say that I think 30
years is too long and I'd just like to

2372
02:55:32,720 --> 02:55:40,880
put that out there if we could probably
maybe do 10 or 20. I'm not totally in

2373
02:55:39,120 --> 02:55:46,960
favor of this because I haven't seen the
financials and everything. Um, but I

2374
02:55:43,680 --> 02:55:52,560
think 30 years is is too long a period.
Um, if the pilot doesn't go forward,

2375
02:55:50,560 --> 02:55:57,920
does the council still have to approve
anything that's built going forward?

2376
02:55:54,479 --> 02:56:03,600
» The builder has a site plan right now so
they can build what they have approved

2377
02:56:00,720 --> 02:56:08,319
without us saying anything else. if they
want to change that footprint, right,

2378
02:56:06,080 --> 02:56:13,439
then they would have to go back before
uh planning board or or council if it's

2379
02:56:10,880 --> 02:56:18,560
over a certain whatever because if it
exceeds our uh approved site plan, then

2380
02:56:16,800 --> 02:56:21,760
they'd have to go back for a change, but
they could build what they have approved

2381
02:56:20,240 --> 02:56:26,720
right now.
>> Okay. So,

2382
02:56:24,160 --> 02:56:31,200
what you're saying is that the pilot uh
gives you more control over what's being

2383
02:56:29,359 --> 02:56:36,319
built in those places?
>> Not necessarily. Right. So, we could if

2384
02:56:33,840 --> 02:56:40,479
they came back with a a larger
development, we could say, "No, you

2385
02:56:38,319 --> 02:56:44,240
know, we're not going to allow you to
because we have a redevelopment area

2386
02:56:42,560 --> 02:56:48,399
that gives us control over what we want
to see there." A pilot is a financial

2387
02:56:46,319 --> 02:56:52,640
tool that incentivizes the development.
>> Okay. So, basically, the council will

2388
02:56:50,319 --> 02:56:56,880
still have control over with and without
the pilot, the council will still have

2389
02:56:54,319 --> 02:57:00,319
control over approving what is being
built there.

2390
02:56:58,319 --> 02:57:04,160
» It's already approved.
>> The planning board approved. They have

2391
02:57:02,080 --> 02:57:07,520
site plan approval. So they have plans
that they can start building tomorrow if

2392
02:57:06,080 --> 02:57:11,600
they took out the proper permits with
the with the town.

2393
02:57:09,600 --> 02:57:13,120
» Okay. So the pilot is separate from
what's being built?

2394
02:57:12,640 --> 02:57:16,680
» Yes.
>> Okay. Thank you.

2395
02:57:21,840 --> 02:57:27,680
» Hi, I'm Sean Henry. Just want to say
thank you uh Council J. That was awesome

2396
02:57:25,840 --> 02:57:31,040
the presentation that you gave or the
talk you had.

2397
02:57:28,560 --> 02:57:34,720
» Thank Um just my personal view on this.
I live in Hackinack. I live in a pilot

2398
02:57:32,800 --> 02:57:40,399
building. Took a long time for it to be
fully occupied. Um rental units are

2399
02:57:38,000 --> 02:57:44,800
that's already done, but it's transient
residents. They you know they come and

2400
02:57:41,920 --> 02:57:50,240
go. Um my real concern with this is you
do this one time and then what it what

2401
02:57:47,840 --> 02:57:55,040
like incentivizes the next developer to
not want this. Like we said has five.

2402
02:57:53,600 --> 02:57:59,040
That's good, bad, I don't know. It's
Highlands. It's regional. Um, so just

2403
02:57:57,680 --> 02:58:01,920
that's one thing I want you to consider
as you go through this is what does this

2404
02:58:00,560 --> 02:58:05,520
do to developer in the future? Is it all
a pilot after this?

2405
02:58:03,120 --> 02:58:09,359
» Yeah, I think and even when a developer
came a couple council meetings ago and

2406
02:58:07,359 --> 02:58:15,600
we're talking about Houston, I think
council member was the one who said no

2407
02:58:11,520 --> 02:58:20,720
pilot, you know, I think we we we
>> we don't want a lot of pilots

2408
02:58:18,080 --> 02:58:24,479
» in in theory. In a perfect world,
conventional taxes is much easier. We're

2409
02:58:22,560 --> 02:58:29,040
not having this last 6-month discussion.
We're already building. if it wasn't

2410
02:58:26,399 --> 02:58:32,800
necessary and we wouldn't do it or we
wouldn't even consider it be done. Pilot

2411
02:58:31,040 --> 02:58:37,359
uh provincial attack start building
would be closer to being done already.

2412
02:58:35,040 --> 02:58:40,560
» Yeah. I just want to say I appreciate I
know you have residents and you guys are

2413
02:58:38,720 --> 02:58:47,080
all in this with us as well. So thank
you for that. Thank you. Thank you.

2414
02:58:43,760 --> 02:58:47,080
» Anyone else?

2415
02:58:50,880 --> 02:58:58,640
» Good evening. Rich Andrew Heavich. I
live in Harrison A.

2416
02:58:55,279 --> 02:59:05,040
Um I guess I'm just going to say you all
remember Sandy, the storm Sandy. Uh we

2417
02:59:02,319 --> 02:59:10,240
couldn't go anywhere in this town
because there was no place to we

2418
02:59:08,000 --> 02:59:14,960
couldn't connect on either side of
Prospect Street because of railroad

2419
02:59:12,080 --> 02:59:19,279
tracks. I know it's a sore subject, but
you know what? You're creating another

2420
02:59:17,359 --> 02:59:24,560
problem with all these people moving in.
You're going to have a minimum of a 100

2421
02:59:20,960 --> 02:59:28,720
cars and at 5:00 in the evening, should
there be a fire, might as well let the

2422
02:59:26,880 --> 02:59:33,760
house burn down because you know what?
That truck's not going to get there. It

2423
02:59:30,800 --> 02:59:38,479
can't get there now. And these guys do
their best and he won't be able to get

2424
02:59:36,399 --> 02:59:44,080
there at all.
So, I'm just wondering who did a traffic

2425
02:59:40,880 --> 02:59:47,680
exam on this whole thing.
>> I think we did a traffic study. I think

2426
02:59:45,600 --> 02:59:51,520
it's a part of the whole project. Police
was involved. The fire department had

2427
02:59:50,240 --> 02:59:54,319
fire department fire department was
heavily involved. Yeah.

2428
02:59:52,800 --> 02:59:58,560
» Well, I mean, I don't see how they can
do it. I tried to get through here at

2429
02:59:56,080 --> 03:00:02,080
5:00 one night and I couldn't even get
out.

2430
03:00:00,240 --> 03:00:07,439
Yet, our fire trucks have to come all
the way over here.

2431
03:00:04,880 --> 03:00:12,000
Every other town, every other town has
has access railroad tracks. This is

2432
03:00:09,680 --> 03:00:15,840
ridiculous, you know, and you you just
and it's just making it harder for

2433
03:00:13,760 --> 03:00:20,240
everybody. Even people that live down
there, it's making it even harder. You

2434
03:00:18,479 --> 03:00:24,399
know, you have not enough room to park.
I don't know where they're going to park

2435
03:00:21,760 --> 03:00:27,600
44 units or another 100 cars down there
cuz they don't have enough parking for

2436
03:00:25,920 --> 03:00:31,600
100 cars there now.
>> So, the the project meets the statutory

2437
03:00:30,000 --> 03:00:36,880
parking requirements, right?
>> Excuse me. I'm sorry.

2438
03:00:34,160 --> 03:00:39,920
The this this was all done 18 months ago
at the planning board when the planning

2439
03:00:38,319 --> 03:00:44,240
board held their numerous hearings on
the application. It meets the

2440
03:00:41,840 --> 03:00:47,920
requirements for the under the RSIS,
which is the residential site

2441
03:00:45,439 --> 03:00:52,479
improvement standards for parking. The
town houses have garages. There's It was

2442
03:00:51,359 --> 03:00:55,600
all be
>> okay. I like to see that when it

2443
03:00:53,920 --> 03:00:58,880
happens. I'll be honest with you. You
know, if it doesn't happen, I'm going to

2444
03:00:57,439 --> 03:01:00,640
be happy. I'll be back
>> and you're not going to like me when I

2445
03:01:00,160 --> 03:01:03,920
come back.
>> There's a Thank [clears throat] you.

2446
03:01:02,880 --> 03:01:07,319
» Thank you.
>> Anyone else?

2447
03:01:14,000 --> 03:01:20,000
Sorry.
>> Hi, Rick Rubenstein. Uh, I don't really

2448
03:01:17,120 --> 03:01:23,600
have pilot questions. Uh, you guys have
said the same answers the whole time, so

2449
03:01:21,680 --> 03:01:27,680
I guess I'll just wait till next month.
Uh, my question is about the pool. Uh,

2450
03:01:25,439 --> 03:01:31,279
I'm there probably 5 days a week. I got
three little kids. So,

2451
03:01:29,200 --> 03:01:35,200
» uh, better to do that there than at my
own home. Uh, my only question, uh,

2452
03:01:33,520 --> 03:01:38,319
actually two questions. There's a big
giant pile of mulch in the parking lot

2453
03:01:37,760 --> 03:01:40,080
there.
>> Yes.

2454
03:01:38,640 --> 03:01:44,000
» Taking up a bunch of spots. Is that
being moved anytime soon?

2455
03:01:41,520 --> 03:01:48,640
» So, uh we use that as a a location for
drop off for all of our burrow parks and

2456
03:01:46,240 --> 03:01:50,720
facilities for our mulch. So, uh they're
working through that pile and getting it

2457
03:01:50,080 --> 03:01:52,560
down.
>> Okay. Great.

2458
03:01:51,439 --> 03:01:56,080
» That's the public works.
>> All right. Cuz that wasn't there in

2459
03:01:54,240 --> 03:02:00,000
years past. So, it's been a new
development there.

2460
03:01:56,880 --> 03:02:06,319
» We we've we've used that area before. Um
the last the last question is uh the the

2461
03:02:03,840 --> 03:02:11,359
pool's great. Uh it's one of the most
affordable things in Bergen County. Uh

2462
03:02:08,800 --> 03:02:17,760
but there is a snack stand that is empty
and has been empty for years and curious

2463
03:02:14,399 --> 03:02:24,399
as to why it's still empty. Uh I have
emailed a couple years ago about putting

2464
03:02:20,240 --> 03:02:28,640
a vending machine in just any kind of uh
snacks for the kids.

2465
03:02:25,600 --> 03:02:34,479
» We hear you. Uh so that went out to bid
a few years ago and um the the person

2466
03:02:31,680 --> 03:02:38,720
who won the bid came in turned out to be
um not always reliable, not always being

2467
03:02:37,200 --> 03:02:42,720
able to be present there.
>> Um but the feedback that we've continued

2468
03:02:41,200 --> 03:02:46,640
to receive from people who have tried to
do it is just that the numbers aren't

2469
03:02:44,160 --> 03:02:50,560
high enough and there isn't um enough in
terms of revenue that they're bringing

2470
03:02:47,920 --> 03:02:54,880
in to be able to, you know, provide
services to be there all day. You know,

2471
03:02:52,479 --> 03:02:57,760
the pool's open 10 to 7. Not that we
would require them to be there during

2472
03:02:56,319 --> 03:03:02,720
that time. We've had conversations with
people who have been um interested in

2473
03:02:59,600 --> 03:03:05,279
it. Um but it is a lot on the person who
would be running the concession stands

2474
03:03:04,000 --> 03:03:09,120
and we just haven't found the person
who, you know, feels that um and again

2475
03:03:07,359 --> 03:03:12,240
we've got to go to bid. So we did that
process last time. They came in and and

2476
03:03:10,960 --> 03:03:15,920
they weren't able to make it through the
full season. Um became quite annoying to

2477
03:03:14,479 --> 03:03:18,720
the patrons who were showing up and you
know if he was deciding on a Tuesday the

2478
03:03:17,520 --> 03:03:21,040
weather didn't look great, he wasn't
going to, you know, waste his time

2479
03:03:19,840 --> 03:03:26,319
coming in that he wasn't going to be
there. So those are the challenges we've

2480
03:03:22,960 --> 03:03:30,560
had. Um, but it it's it's it's it is uh
we hear you guys loud and clear. Um, the

2481
03:03:28,960 --> 03:03:33,439
ice cream truck seems to make everybody
happy when it shows up.

2482
03:03:32,720 --> 03:03:37,600
» Not everybody.
>> No, people don't like the ice cream. I'm

2483
03:03:36,319 --> 03:03:42,880
not loving it. But that's okay.
>> Why is that?

2484
03:03:39,120 --> 03:03:47,359
» Well, when you have two floors
concession stand be going.

2485
03:03:45,742 --> 03:03:52,640
[laughter]
Um, any thought to like allowing it as a

2486
03:03:50,960 --> 03:03:58,960
fundraising opportunity for the school
system and letting senior class run it

2487
03:03:55,200 --> 03:04:02,160
and allow the kids to run it? And
>> I haven't talked about it before. I

2488
03:04:00,399 --> 03:04:04,560
guess we could look into uh that as an
option.

2489
03:04:02,800 --> 03:04:06,560
» All right. Great. Thank you.
>> Thanks.

2490
03:04:04,960 --> 03:04:12,279
» Thank you.
>> Anyone else?

2491
03:04:08,479 --> 03:04:12,279
» Yeah. Do I have

2492
03:04:15,840 --> 03:04:22,479
one? I guess you all guys know who I am.
>> Nobody knows you.

2493
03:04:20,640 --> 03:04:25,920
» As long as you know I'm a taxpayer as
well and I have a lot of concerns and I

2494
03:04:24,640 --> 03:04:30,080
know you guys are trying to do the best
that you could do. Only thing I can say

2495
03:04:27,760 --> 03:04:35,439
to you from all the people here, they're
asking a lot of you do the right thing.

2496
03:04:33,439 --> 03:04:39,680
Do the right thing for the people. Don't
do it for the promises. The promises

2497
03:04:37,439 --> 03:04:44,319
never work. They're broken every single
time. The people are here trying to

2498
03:04:41,520 --> 03:04:47,680
explain to you how they feel. And I pay
a lot of taxes, too. I'm not going to

2499
03:04:45,680 --> 03:04:51,200
whine about all that stuff. We all have
to pay them. But you guys got to make

2500
03:04:49,840 --> 03:04:56,240
the right decision. Do the right thing
for the people. Not the promises. They

2501
03:04:53,520 --> 03:04:59,680
won't work. The promises don't. And I
know where this is all going to go, but

2502
03:04:57,840 --> 03:05:03,240
I had to say what I had to say. All
right. Thank you.

2503
03:05:04,560 --> 03:05:10,960
» Anyone else?
>> If not, do I have a motion to adjourn?

2504
03:05:09,200 --> 03:05:15,160
» Katie, second by Mike. All those in
favor? All those opposed?