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Bergen County Real Estate News: December 2006 – Week 3

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

The future of golf project in Bergen County is uncertain
Salaries rise for Bergen officials
Prosperous employers in Bergen County
Abandoned properties in Hackensack
The right to park in Teaneck


Bergen County Golf Project’s Future is Uncertain

The plan to transform landfills into a luxurious green golf course by the EnCap Golf Holdings project has an uncertain future, after the state Department of Community Affairs raised questions about financing for planned golf communities in the areas of Lyndhurst and Rutherford.

Officials in three towns of southern Bergen County expressed concern over the uncertainty as this their financial future is at stake with the plan. If the taxpayer-backed development was disapproved, it could cost much to the townships. The mayor of North Arlington stated that his township would lose approximately $800 million, if the project fails. He added that if the state was deciding to back off it must inform them well in time to allow for alternative plans.


Bergen County Officials’ Salaries Rise

Bergen County freeholders approved a rise of 15 percent for County Executive Dennis McNerney. This hike happens to be the first of its kind for the county executive’s office since 2001 and will now make his salary $129,626. An 8 percent rise in salary was also approved for the appointed department heads, a figure which would boost their pay to $116,690. The public did not pass any comment on these raises before the vote was taken.


Bergen County Employers Prosper

Employers in Bergen County have a higher likelihood to hire employees during the first quarter of 2007, says a national survey conducted by Manpower Inc. Statistics revealed that 41% of employers in Bergen County stated that they expected to hire during the January to March period. This was a huge figure compared to 14% firms hiring in the state and 23% employers hiring throughout the country. The areas where Bergen County employees can expect a boost were noted to be transportation, finance, insurance, real estate, public services and education.


Abandoned properties in Hackensack

Over 27 residential and commercial properties in Hackensack have now been deemed as ‘abandoned’, under a new ordinance called the ‘Abandoned Property rehabilitation act’. The ordinance, passed in 2006, says that municipalities have the right to seize abandoned properties, if the owners do not fix them up.

Hackensack is the first town in North Jersey to adopt the ordinance. From now on, as per this law, any building which has been unoccupied for over six months, has been declared a nuisance, is in need of rehabilitation or has unpaid taxes in record will be considered. While the law has provided the city the right to take over a property after notifying mortgage lenders and lien holders, officials are still not much planned for court challenges.

Various communities throughout New Jersey have introduced similar laws and many state that it helps to remove unkempt buildings and helps to control problems like decreasing property values, crime and arson. However critics feel that such a law is an infringement upon the property rights of owners.


The right to park in Teaneck

Residents in Teaneck strongly opposed a plan that would put parking spaces in the township park. The plan, proposed by a New Milford restaurant, suggests the Sanzari’s New Bridge Inn has outgrown its existing parking lot, and thus proposes a 42-space parking across the street and in Teaneck’s Brett Park, across the border.

Over 60 concerned residents attended the meeting held to discuss the development and put forth their viewpoints. Many stated that parks were for open space and for wildlife. On the other hand, parking at the Brett Park would help residents of Riverview Avenue find parking spaces.

The process of approval may take some time as the park is protected by the state Green Acres program and state approval is mandatory. Also the process will require for a land swap where the developer has to agree to protect another piece of land or offer money for open land purchases.


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