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Paterson NJ may get $7.6M for Leader Dye factory site in 3rd Ward

Paterson NJ may get $7.6M for Leader Dye factory site in 3rd Ward
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Paterson NJ: Leader Dye sale could be affected by contamination

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PATERSON In their preparations to sell the long-dormant Leader Dye factory property, city officials are using a real estate appraisal that does not take into account the extensive contamination at the site.
The appraisal puts the value of the 2-acre property on Madison Avenue at $2.18 million, but says that figure is based on the assumption there is no contamination or hazardous waste on the land.
“The presence of such conditions . may have substantial adverse effects on the present value and future utility of the subject property,” says the November 2020 appraisal, which was done by a private firm from Metuchen. ....

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Mandatory minimum bill comes due

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Presented by Ørsted
Today, the state Senate has a quorum call, which means the governor
must act on a number of Senate-originated bills that have been sitting on his desk for more than 45 days. That includes the now-famous bill to eliminate mandatory minimum sentences for non-violent crimes, including public corruption offenses. ....

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Paterson NJ: Audits on developers tax breaks stopped being collected

PATERSON City officials have dropped the ball on enforcing a state auditing requirement for developers who get 20-year municipal tax breaks, Paterson Press has learned.
Paterson stopped collecting the requisite financial records from the builders getting tax breaks in 2019, even as the number of abatements approved by the city doubled under the administration of Mayor Andre Sayegh.
City officials resumed requesting the financial documents from the tax-break developers last month, after Paterson Press repeatedly asked for copies of the public documents.
The audits are designed to ensure that the builders don’t use their city tax abatements to make excessive profits from their projects, officials said. State regulations on the abatements require developers to turn over to the city the revenue they make that exceeds a 12% profit margin, officials said. ....

Kathleen Long , Charles Florio , Flavio Rivera , Lilisa Mimms , Andre Sayegh , Michael Powell , City Council , Mayor Andre Sayegh , Paterson Press , Mayor Andre , Council President Flavio Rivera , க்யாத்லீந் நீண்டது , சார்லஸ் புளோரியோ , ஃபிளாவியோ ரிவேரா , ஆண்ட்ரே சயெக் , மைக்கேல் போவல் , நகரம் சபை , மேயர் ஆண்ட்ரே சயெக் , பேட்டர்சன் ப்ரெஸ் , மேயர் ஆண்ட்ரே , சபை ப்ரெஸிடெஂட் ஃபிளாவியோ ரிவேரா ,

Paterson NJ drug raid: Developer helps take down his tenants

PATERSON When the trail of a narcotics investigation led Paterson police to a 30-unit apartment building at 146 Hamilton Ave., they picked up the phone and asked the owner for help.
Soon afterward, detectives on Monday raided an apartment in the building, where a drug ring allegedly stashed its cocaine and heroin, completing a bust that resulted in 15 arrests, police said. As part of the operation, detectives seized a loaded gun, more than 1,000 heroin packets, about 150 vials and baggies of crack cocaine and $8,184 in cash, police said.
“I’m always happy to help the police,” said the landlord, Charles Florio, Paterson’s most prominent and prolific real estate investor. ....

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