Petition updateUpdate on Council Approval of Housing Plan on Hartford Rd. in MoorestownCosts to Moorestown Taxpayers for 150 Low Income Units Could be Astronomical

MARIFHO GroupMoorestown, NJ, United States
Oct 24, 2017
Through the recent documents obtained via the Open Public Records Act Requests, here is what we know so far: 1) Council is proposing 150 units of very low, low and moderate income housing; 2) all the units will be at 200 Hartford Road; 3) Council is DONATING the 12.5 acres of prime real estate; 4) it is very likely the development will pay $0 in property and school taxes; 5) the number of new students in the school system is unknown, but I estimate it to be between 150-400 (annual cost per student $18,300+ as per latest statistics) and if a new school is needed an additional $10-15 Million; 6) the public sewer service will have to be hooked into Mount Holly MUA.
The Township may receive instead of taxes from the project, State funds called "payment in lieu of taxes" or PILOT. In my brief research on the subject, this is usually a fraction of the property taxes that a market rate development would pay. The rest of the Moorestown taxpayers will see their taxes increase to support all the new students and services for this development. The amount is unknown and thus far the Council has not provided us with such information.
The Mt Holly MUA issue is also a huge concern. I live in a neighborhood that is required to obtain its sewer from Mt Holly (don't ask me why, I don't know). I receive bills at my house that average $300 every 3 months. Will the Moorestown taxpayers have to pay this bill for 150 units of low income housing? Will that mean that we are footing a bill that could be $10,000-15,000 every 3 months? It is not clear from the RFQ documents, but I suspect that is the case since everything else about this proposal by the Council seems to be giving the low income housing project every concession possible. I asked the Council if an appraisal has been done to learn the value of the 12.5 acres they are planning to donate and the answer was no. I wonder if anyone would donate public land without even knowing its value? That does not make sense to me. Hypothetically, if the land is worth $3,000,000 (or more) and they could sell it and use that windfall to build nice affordable housing (not low/no income clustered rental apartments) wouldn't that make more sense than the currently contemplated plan? But, we will never know because the Council has not bothered to learn the land's value.
If you have similar concerns about the financial impact, taxes and our school system, please reach out to the Mayor and Council, and plan to attend the next Council meeting to discuss.
I welcome any information the Council wants to provide as to the costs and concerns I have in this update.
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