Middletown Forum : Fair Market Value=$125K http://www.middletownusa.com/forum/ This is an XML content feed of; Middletown Forum : City Council : Fair Market Value=$125K Wed, 07 Oct 2026 00:24:36 +0000 Wed, 07 Apr 2010 19:54:21 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 10.12 360 www.middletownusa.com/forum/RSS_post_feed.asp?TID=2883 Middletown Forum http://middletownusa.com/images/blog-logo.jpg http://www.middletownusa.com/forum/ Fair Market Value=$125K : You know no one wants to see the... http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18095&title=fair-market-value125k#18095 Author: Pacman
Subject: 2883
Posted: Apr 07 2010 at 7:54pm

You know no one wants to see the Cabinet Shop leave but I too get tired of these convoluted deals that go on basically behind closed doors and then get voted on by Council with few if any questions, especially by the Old standby crowd.  The cabinet Shop owners little talk last night was all fine and well and him not wanting to be in debt great for him, but why should my and your tax dollars go to keep him from paying moving expenses and even Capital gains taxes on his property.  Those are his business expenses and not my expenses which should be paid by our tax dollars.
 
This has nothing to do with how nice his cabinets are, how great his little shop is or anything else.  This is about spending money that the city doesn't have and we as citizens shouldn't have to spend.  Once again I'll go back to the pool situation.  Can't have a pool because we can't afford it, can't repair the pool because we can't afford it.  It is always the same story when it comes to the everyday citizen and what they may want their tax dollars spent on.....we can't afford it, is the mantra that we also hear from the city and then a deal like this comes up.
 
Yeah, yeah I know it is HUD money or some triple top secret fund that the money came from and it can only be spent for this and that.  Personally I am tired of hearing that excuse also.
]]> Wed, 07 Apr 2010 19:54:21 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18095&title=fair-market-value125k#18095 Fair Market Value=$125K : This cabinet shop is listed as... http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18094&title=fair-market-value125k#18094 Author: Pacman
Subject: 2883
Posted: Apr 07 2010 at 7:42pm

This cabinet shop is listed as being on Central Ave. not Vail although county records show the Business address as Vail go figure.  Parcel number if you want to look at it is Q6532004000025 . 
 
So for whatever reason the city wants the cabinet shop land have the cabinet shop and Diver do a land swap and then have a double closing where the city buys the old Cabinet shop from Diver for $85K still nice profit for Diver and the cabinet shop can pay their own moving expenses, unless of course Spiders story is true and the City hired wrecking crew tore up the Sewer then let the wrecking crew or their insurance company pay for the move.
 
 
]]> Wed, 07 Apr 2010 19:42:59 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18094&title=fair-market-value125k#18094 Fair Market Value=$125K : wasteful wrote:From the Journal... http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18092&title=fair-market-value125k#18092 Author: Mike_Presta
Subject: 2883
Posted: Apr 07 2010 at 7:07pm

Originally posted by wasteful wasteful wrote:

From the Journal today:
 
"The city became involved in the deal mainly over tax issues, Robinette said, as Midd-Town Custom Cabinets initiated swap conversations in an effort to avoid paying up to $15,000 in capital gains taxes. ...
 
Kennedy said the deal has always been “designed to save the city money.”

“Rather than paying $15,000 in taxes and passing that along to the city in our sale price, we figured we could just do an exchange,” Kennedy said. “It was an even deal as far as we were concerned.”

Council raised questions about the swap when it came to light the current owner of the Central Avenue property had purchased it for $50,000 mere weeks before the deal was proposed. Kennedy dismissed claims the proposed swap was a “good old deal,” as he said his business is eating the $40,000 loss, not the city." ...

I guess I'm stupid, so can anyone help me to understand:

Why anyone would prefer "eating the $40,000 loss" to "paying $15,000 in taxes and passing that along to the city"???

How any of this would "save the city money.”???

]]> Wed, 07 Apr 2010 19:07:25 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18092&title=fair-market-value125k#18092 Fair Market Value=$125K : I believe it is 85000. http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18089&title=fair-market-value125k#18089 Author: Bobbie
Subject: 2883
Posted: Apr 07 2010 at 4:59pm

I believe it is 85000.

]]> Wed, 07 Apr 2010 16:59:38 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18089&title=fair-market-value125k#18089 Fair Market Value=$125K : Does anyone know the value of... http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18087&title=fair-market-value125k#18087 Author: Pacman
Subject: 2883
Posted: Apr 07 2010 at 12:23pm

Does anyone know the value of or the County's appraised value for Tax purposes of the Cabinet shop?  The County has no 1316 Vail Ave. listed in their database that I could find.
]]> Wed, 07 Apr 2010 12:23:28 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18087&title=fair-market-value125k#18087 Fair Market Value=$125K : SpiderJohn - The recent Cental... http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18086&title=fair-market-value125k#18086 Author: NRS
Subject: 2883
Posted: Apr 07 2010 at 12:20pm

SpiderJohn -
 
The recent Cental Avenue acquisition/demolition fiasco also brings to mind the MINDLESS ACQUISITION OF THE ADJOINING FORMER STRAND THEATRE BUILDING.
 
Just think, for $1.00 the City of Middletown now has a vacant, dilapidated, asbestos-lader property on Central Avenue that is reported to cost up to $300,000 for demolition and asbestos abatement.
 
What skilled land development experts that us Middletonians have in residence at One Donham Plaza?  Of course, none of this would be possible without the consent of HER MAJESTY!
]]> Wed, 07 Apr 2010 12:20:25 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18086&title=fair-market-value125k#18086 Fair Market Value=$125K : SpiderJohn,Pacman, Miss Viviam,... http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18085&title=fair-market-value125k#18085 Author: NRS
Subject: 2883
Posted: Apr 07 2010 at 12:08pm

SpiderJohn, Pacman, Miss Viviam, Viet Vet, Mike Presta, Etc. -
 
I've tried with marginal success to enlighten MiddletownUSA participants of the questionable expenditure of HUD Neighborhood Stabilization Program - Round One funds ($300,000+/-) for the recent City acquisition/demolition of the subject Central Avenue commercial properties.
 
As noted on several occasions, the NSP-1 grant application submitted by the City to HUD in November 2008, DID NOT INCLUDE A DOWNTOWN COMMERCIAL ACQUISITION & DEMOLITION component.
 
To the best of my knowledge NO PLAN AMENDMENT WAS EVER SUBMITTED BY COMMUNITY REVITALIZATION DEPARTMENT STAFF FOR CITY COUNCIL TO AUTHORIZE such usage of HUD funds.
 
Last, there's no public record of the aforementioned PLAN AMENDMENT ever having been submitted to HUD for approval.
]]> Wed, 07 Apr 2010 12:08:03 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18085&title=fair-market-value125k#18085 Fair Market Value=$125K : Rumor has it that when the city... http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18084&title=fair-market-value125k#18084 Author: spiderjohn
Subject: 2883
Posted: Apr 07 2010 at 11:08am

Rumor has it that when the city demo'ed Barb's Pub and the adjoining space, they also cut the sewer piping to the Vail Cabinet Co. This would explain the city's persistence and quiet involvement in this on-going fiasco. So much for the successful marraige of the planning dept. and ED. Look for this situation to continue undar the radar. Hopefully our responsible Council members will continue to keep us informed!]]> Wed, 07 Apr 2010 11:08:50 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18084&title=fair-market-value125k#18084 Fair Market Value=$125K : When was the last time Robinette... http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18073&title=fair-market-value125k#18073 Author: VietVet
Subject: 2883
Posted: Apr 06 2010 at 11:35am

When was the last time Robinette brought in a company that employs hundreds of people or that brought in major tax dollars? Paychex perhaps? and what other company?????? Most of his accomplishments have been of the three to ten employee increase/lower salary ($12/hour or less) variety with existing businesses only- no new employers, right?

No, the city gives us all evidence that it will work only with the businesses that are owned by some of their inner circle business buddies and the rest are left to fend for themselves according to some of the business owners here. ]]> Tue, 06 Apr 2010 11:35:04 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18073&title=fair-market-value125k#18073 Fair Market Value=$125K : the city is only open for business... http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18072&title=fair-market-value125k#18072 Author: Bill
Subject: 2883
Posted: Apr 06 2010 at 10:43am

the city is only open for business as long as the business has the potential to employ a large number of people and bring in major tax dollars.]]> Tue, 06 Apr 2010 10:43:36 +0000 http://www.middletownusa.com/forum/forum_posts.asp?TID=2883&PID=18072&title=fair-market-value125k#18072