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	<title>The Bank Corner &#187; real-estate deals</title>
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		<title>The Ginsburg Tax: In the Fine Print</title>
		<link>http://BankCorner.net/2009/08/02/the-ginsburg-tax-pay-up/</link>
		<comments>http://BankCorner.net/2009/08/02/the-ginsburg-tax-pay-up/#comments</comments>
		<pubDate>Sun, 02 Aug 2009 14:47:34 +0000</pubDate>
		<dc:creator>Bart</dc:creator>
				<category><![CDATA[Village of Haverstraw]]></category>
		<category><![CDATA[Ginsburg]]></category>
		<category><![CDATA[Harbors]]></category>
		<category><![CDATA[Haverstraw Village]]></category>
		<category><![CDATA[housing bubble]]></category>
		<category><![CDATA[Mayor Kohut]]></category>
		<category><![CDATA[real-estate deals]]></category>
		<category><![CDATA[Special Taxing District]]></category>
		<category><![CDATA[Village on the Green]]></category>

		<guid isPermaLink="false">http://BankCorner.net/?p=1222</guid>
		<description><![CDATA[The story in Haverstraw Village lately is the Ginsburg property debate. Simply stated, the developer has yet to secure additional grant money so a clause goes into effect that allows for an additional tax to be levied in the development. I&#8217;m happy to note that as a taxpayer in the Village, there was enough foresight [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;"><img class="aligncenter" src="http://www.bankcorner.net/images/fineprint.jpg" alt="In The  Fine Print" width="210" height="140" /></p>
<p>The<a href="http://www.lohud.com/article/20090802/NEWS03/908020354/1019"> story</a> in Haverstraw Village lately is the Ginsburg property debate.  Simply stated, the developer has yet to secure additional grant money so  a clause goes into effect that allows for an additional tax to be  levied in the development. I&#8217;m happy to note that as a taxpayer in the  Village, there was enough foresight back then to protect my interests,  and Kudos to all involved. There was bound to be a controversy over this  money, and the Village is simply fulfilling its obligations.</p>
<p>I agree with  Mayor Kohut in that it will be an intense meeting Wednesday night, but  legally the homeowners are obligated. It&#8217;s just another example of how  the housing bubble has torpedoed so many different real-estate deals,  and how so many otherwise brilliant minds just turned to shit when it  came to buying property. Some people seem opened to learning more about  the district, others will probably finally get a chance to read the  offering this week. Either way, its clear to see in the Fine Print.</p>
<p>I for one  support the Village here, and take a bit of offense that we have to  defend our actions against these particular homeowners, even if it is  only a story in the JN. I hope the intensity on Wednesday doesn&#8217;t  include some shyster lawyer threatening to sue. Either way, these  residents should put their &#8216;big boy&#8217; pants on, pay the bill , and be  done with it.  The way I see it, your beef is with Martin anyway.</p>
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