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Northvale council adopts $250,000 special emergency appropriation for property revaluation
Summary
Council approved a second-reading ordinance authorizing a $250,000 special emergency appropriation to fund a county-mandated property revaluation; borough officials said payments will be split over five years and the contractor will begin outreach this summer.
The Northvale Mayor and Council unanimously adopted a second-reading ordinance authorizing a $250,000 special emergency appropriation to fund the borough—s county-mandated property revaluation.
Council members said the appropriation will allow the borough to enter an agreement with the revaluation contractor, which officials expect may begin work in the summer. The council—s discussion repeated earlier remarks that the borough will finance the revaluation through short-term special emergency notes, with payments split over five years.
During the consent-agenda discussion members asked whether the five-year financing carries interest; the council—s answer indicated the five-year split is intended as an internal financing mechanism and that a separate bond with interest had not been executed for the short-term arrangement.
Mayor Barbara Nortel said residents will receive co-branded letters from the contractor and the borough explaining the revaluation process. The borough—s website will host a page explaining what residents can expect and will include a presentation prepared by the tax assessor, Rob Reshe, explaining the process in more detail.
The ordinance passed on a roll-call vote during the meeting—s second-reading hearing; no members of the public spoke during the ordinance public-comment period.
