Aberdeen, NJ Urging the Governor to Support a Moratorium on Revaluations
Type: Resolution
Status: Adopted on 12/2/08
Vote: Unanimous (with 1 absent)
Source File: http://www.aberdeennj.org/
Text:
RESOLUTION NO. 2008-133
RESOLUTION TO PROCLAIM MORITORIUM ON REVALUATIONS
WHEREAS, there is presently, in the State of New Jersey and across the United States of America a unprecedented dire economic crisis; and
WHEREAS, the National Bureau of Economic Research official declared the United States of America in a recession; and
WHEREAS, the real estate property values within the State of New Jersey and the United States of America have dramatically decreased in the last year; and
WHEREAS, the residents of the State of New Jersey and United States of America are faced with increased property taxes and are struggling to avoid foreclosures on their homes; and
WHEREAS, a revaluation would have a deleterious effect on the residents of the Township of Aberdeen by increasing their property values; and
WHEREAS, it is in the best interests of the Township of Aberdeen and its residents to delay the Revaluation until the economy rebounds or at the very least has stabilized; and
WHEREAS, the Mayor and Council of the Township of Aberdeen desire to introduce this Resolution denominated the “Resolution for a Moratorium on Revaluations” calling for the Governor of the State of New Jersey to impose a moratorium on all pending and future Revaluations until the present recession is resolved; and
WHEREAS, by passing this Resolution, the Mayor and Council of the Township of Aberdeen request that each municipal government in the State of New Jersey likewise pass this Resolution for a Moratorium on Revaluations; and
NOW, THEREFORE, BE IT RESOLVED by the Council of the Township of Aberdeen that it hereby calls on the Governor of the State New Jersey to impose a Moratorium on present and future Revaluations in the State of New Jersey.