Business & Finance

Sparta Township Council Proposes Assessment Commission

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Newly refurbished dam at Glen Lake  Credits: Jennifer Dericks
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Credits: Jennifer Dericks
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Credits: Jennifer Dericks
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Credits: Jennifer Dericks
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Credits: Jennifer Dericks
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Credits: Jennifer Dericks
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SPARTA, NJ – Sparta Township Council will be convening an Assessment Commission, if the ordinance introduced at the Jan 26 meeting is approved at the Feb 9 hearing.

The ordinance would establish a three member panel of Sparta residents for the purpose of “making assessments for benefits for local improvements.”  The commissioners would be appointed for three years, along with two alternates.

The township is taking the steps to create this Assessment Commission  to handle the recent Glen Lake Dam improvement project and associated loan.  They will be determining the amount each homeowner will be responsible for in the repayment of the loan made on their behalf for the improvements made to the Glen Lake dam. 

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The Glen Lake Beach Club is associated with Glen Lake adjacent to Morris Lake - Newton Reservoir off Morris Lake Road above the Sparta Glen.  That organization applied to New Jersey Department of Environmental Protection for a loan to cover the costs of the improvements.  They entered into a “Dam Rehabilitation Co-borrower Agreement” with the township as a “co-borrower.”

The principal amount of the loan was $725,000 with $149,080.63 interest for a total amount of $874,080.63. The final amount of the loan will include any costs incurred by the township associated with the project and the loan.  The newly formed commission will be charged with determining the assessment for each of the Glen Lake Beach Club members. 

The commissioners will take into consideration any damage to the individuals’ property related to the dam project, in determining each members’ assessment. They will also schedule hearings with all affected residents before submitting a report to the Sparta Township Council.

This type of commission has not been formed before in Sparta but is one used in other municipalities.  If the commission were not formed, the details related to this special assessment would be left to the Sparta Township Tax Assessor.  

Councilman Jerry Murphy had to abstain in the vote on the resolution because his property is within the Glen Lake Beach Club area.

 

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