TOWN OF SOUTH KINGSTOWN OFFICE OF THE TOWN MANAGER INTEROFFICE MEMORANDUM

Transcription

1 TOWN OF SOUTH KINGSTOWN OFFICE OF THE TOWN MANAGER INTEROFFICE MEMORANDUM TO: FROM: THE HONORABLE TOWN COUNCIL STEPHEN A. ALFRED, TOWN MANAGER SUBJECT: PILOT PROGRAM FY DATE: JULY 22, 2010 CC: JEAN PAUL BOUCHARD, TOWN ASSESSOR As the Town Council is aware, the General Assembly during its 2003 Session granted the Council the authority to provide for exemptions from taxation and to allow the Town to enter into Payment in Lieu of Tax (PILOT) Agreements for any real or personal property owned, leased, or held in the Town by a qualifying non-profit, charitable organization. The Town Council first used this enabling authority during FY to develop PILOT agreements with The Jewish Children s Home of Rhode Island (Camp JORI), the South Kingstown Land Trust, and Welcome House. Each of these organizations own property in South Kingstown and are fully taxable under existing Rhode Island state statute. With the use of a, the Town and the non-profit organization can mutually agree to what level of payment in lieu of taxes (if any) should be paid by the organization and at the same time prohibit use of the property for other than defined purposes unless revisions to the payment provisions are negotiated between the parties. Payments in Lieu of Tax Agreements have been drafted for Camp JORI, South Kingstown Land Trust, and Welcome House for use during the fiscal year. Copies of these agreements are attached for the Town Council's review. It is noted that in 2003 the Town Council approved general policy guidelines addressing the methodology to be employed by the Town in negotiating specific s, which were affirmed for use in the fiscal year. It is proposed that the Town Council affirm the following guidelines for use in FY : 1. All property (including buildings and accessory structures) held and managed by non-profit organizations to meet the needs of their organizational mission should be responsible for PILOT Payments at a defined Open Space value ($500-$5,000 per acre); 2. All property held by an organization that is being used or is intended to be used for other than non-profit purposes should be taxed at full value and not be subject to the PILOT Program; 3. All property that generates income from third party sources shall make PILOT payments based on the percentage of property use allowed to the non-qualifying lessee equal to the taxable value of the property factored by the percentage of use;

2 THE HONORABLE TOWN COUNCIL PILOT PROGRAM - FY JULY 22, Any property used exclusively for residential purposes (other than residential units that are held by the non-profit owner specifically to meet housing needs defined in the agency s mission statement) shall be excluded from participation in the PILOT Program; 5. Any property allowing mixed use activity whereby residential use is allowed on a portion of the property shall be required to increase PILOT Payments to reflect the value of property taxes that are paid annually on an average residential unit of a similar nature within the Town; and 6. Any sale or transfer of the Premises to any other entity will terminate this Agreement effective upon the date on which the sale or transfer occurs. It is proposed that s be renewed for FY as follows: 1. South Kingstown Land Trust All property held by the Land Trust exclusively used for the purpose of conserving open space is tax exempt in accordance with Section 17-5 of the South Kingstown Town Code. The property held by the Land Trust at 17 Matunuck Beach Road does not meet the definition of open space conservation. This property has been assessed as of December 31, 2009 at $432,900 $80,200 and $352,700). In 2002 the Land Trust had forwarded a letter to the Town Manager requesting participation in a PILOT Program whereby the Trust would make payments in lieu of taxes for this mixed-use property in an amount equal to half of what the tax bill would otherwise be. The Town Council approved this proposal on September 8, I would recommend that the terms of the FY 2010 agreement be renewed for the FY 2011 Land Trust PILOT Agreement. 2. Camp JORI - The Jewish Children s Home, in conjunction with the Nature Conservancy and Champlin Foundation in 1999, purchased the Card s Camp trailer park located on Wordens Pond Road. This property (250 acres) was subdivided into two independent parcels: the Card s Camp Trailer Park consisting of 73 acres was acquired by the Jewish Children s Home of Rhode Island (Camp JORI), and the Nature Conservancy acquired all 180 acres of undeveloped land held by Card s Camp. Camp JORI operates its summer camp program from this property. In the Fall 2008, the Middlebridge School began operating at that location, and the FY and FY PILOT agreements were drafted to include the value associated with Middlebridge School in light of the additional revenue received by Camp JORI from the school use. I would recommend that the terms of the FY 2010 agreement be renewed for the FY 2011 with Camp JORI. It is noted that a copy of the renewal has been forwarded to Camp JORI and we are awaiting approval from their attorney. 3. Welcome House of South County The Town Council approved a with Welcome House for all parcels owned by Welcome House that are specially used for longterm housing purposes whereby the organization would be responsible for annual payments to the Town equal to the taxes due on 25% of the taxable value of the property. The 25% factor will provide approximately the same income to the Town as would property tax payments equal to 8% of the rental income generated by the housing units owned by the Welcome House. (State Law allows housing units that have been substantially 2

3 THE HONORABLE TOWN COUNCIL PILOT PROGRAM - FY JULY 22, 2010 rehabilitated to make tax payments equal to 8% of the rental income generated by the housing unit.) Property held by Welcome House used for its homeless shelter and administrative offices shall be tax-exempt while property held by Welcome House for commercial purposes shall remain on the taxable roll. It is recommended that the same terms and conditions of the FY 2010 agreement be used for the FY 2011 with Welcome House. Should the Town Council have any questions or need additional information, please advise. SAA/cfc 3

4 PAYMENT IN LIEU OF TAX AGREEMENT This Payment in Lieu of Tax Agreement (hereinafter, or Agreement ) is made and entered into as of the day of 2010, by and between the TOWN OF SOUTH KINGSTOWN, a municipal corporation organized and existing under the laws of the State of Rhode Island (hereinafter, the Town ) and THE SOUTH KINGSTOWN LAND TRUST, a Rhode Island not-for-profit, charitable corporation (hereinafter, SKLT ). W I T N E S S E T H: WHEREAS, the Town Council of the Town of South Kingstown has been authorized by an Act of the Rhode Island General Assembly (Public Laws of 2003, Chapter 220) to enter into PILOT agreements with nonprofit, charitable organizations; and WHEREAS, the activities of SKLT benefit the quality of life of the Town; and, WHEREAS, the Town and SKLT desire to set forth the terms and conditions pursuant to which SKLT shall make payments in lieu of taxes to the Town; and WHEREAS, legal counsel for both parties have rendered their opinion approving the terms of this as lawful and valid; and WHEREAS, this document contains all the terms and conditions of the PILOT Agreement; NOW, THEREFORE, in consideration of the mutual covenants, agreements, and understandings and obligations set forth herein, the receipt and sufficiency of which is hereby acknowledged, the Town and SKLT hereby agree as follows: 1. Payments in Lieu of Taxes. During the term of this, SKLT shall make payments in lieu of taxes to the Town semi-annually on or before September 1 and March 1 of each fiscal year for certain real and personal property of SKLT as specifically in accordance with calculations presented in Exhibit 1 attached hereto and incorporated herein. 2. Description of Premises. The property subject to this agreement is located at 17 Matunuck Beach Road and further identified on the maps of the Tax Assessor for the Town as Map 80-2, Lot 38 and consists of 3.62 acres of land and the improvements thereon (hereinafter, the Premises ). This shall apply solely to the Premises and no other property of SKLT. 3. Calculation of Payment in Lieu of Tax. The payment in lieu of tax to be paid by SKLT to the Town shall be an amount equal to 50% of what the tax on the Premises would have been, had the property been on the taxable property roll for the fiscal year.

5 South Kingstown Land Trust FY Term. The term of this Agreement shall be for one year, July 1, 2010 through June 30, Thereafter, s shall be subject to renewal and/or revision in accordance with Section of the South Kingstown Town Code governing s. The payment in lieu of tax amount may increase or decrease in future years based on the terms of this or successor s that must be annually renewed or revised by the Town Council. Any sale or transfer of the Premises to any other entity will terminate this Agreement effective upon the date on which the sale or transfer occurs. 5. Invoices/Tax Bills. The Town shall provide to SKLT annually on or about the month of July, a statement setting forth its calculation of the payment in lieu of taxes for the next calendar year. Such annual statement of payment in lieu of taxes will cover the period of January 1 through December 31. Payment shall be due semi-annually on or before September 1 and March 1 of each fiscal year. Payment not made within five (5) calendar days of the due date shall bear interest at the rate of twelve percent (12%) per annum from the date due until paid. 6. Payment in Lieu of Tax Consequences. Payments in lieu of taxes made hereunder are deemed by the Town to be payments in lieu of tax payments, and SKLT shall be entitled to all of the rights and privileges of a taxpayer in the Town. It is further understood and agreed that the Town s recourse to SKLT for the payments in lieu of taxes due hereunder is the same as if the payments in lieu of taxes hereunder were in fact tax payments made to the Town, and all rights and remedies of the Town with respect to the collection of taxes are retained. 7. Non-permitted Use Impact. In the event SKLT shall utilize any portion of the Premises for any residential purpose or commercial uses not currently permitted pursuant to zoning or other ordinances and/or generating revenue (hereinafter, nonqualifying use ), then SKLT shall notify the Town within fifteen (15) days and such portion of the Premises used for the non-qualifying use shall be excluded from this, as of the date of the start of the non-qualifying use, with no reduction in the payments in lieu of taxes due the Town. The portion of the Premises excluded shall become immediately taxable unless a separate is negotiated for that use. If the non-qualifying use subsequently ends, then the affected property can only be reincorporated into this by express written agreement of the Town after the end of the non-qualifying use. 8. Entire Agreement. This Agreement constitutes the entire agreement of the parties hereto with respect to the subject matter hereof and supercedes all prior understandings and agreements, both oral and written. The parties hereto expressly acknowledge and agree that this has been entered into for the benefit of and reflects the full and complete facts and obligations of SKLT with respect to the Premises, the improvements located thereon, and personal property utilized by SKLT with respect to the operation of the Premises in the Town. This Agreement may only be modified and amended in writing and with consent of the parties hereto. 2

6 South Kingstown Land Trust FY Binding Effect. This Agreement and the terms and conditions and covenants reflected herein shall be binding upon and inure to the benefit of the Town and SKLT and assigns who have obtained the express written permission of the Town. 10. Applicable Law and Forum. This Agreement shall be construed under the laws of the State of Rhode Island. Courts within the State of Rhode Island will adjudicate any disputes arising from this Agreement. 11. Severability. If any provision of this Agreement shall be held to be illegal, invalid, or unenforceable, such illegality, invalidity, or unenforceability shall attach only to such provision and shall not in any manner effect or render illegal, invalid, or unenforceable any other provision of this Agreement, and this Agreement (if not so altered) shall be fulfilled as if any such illegal, invalid, or unenforceable provision were not contained herein. 12. Condition Precedent. Each of the parties here acknowledges and understands that as a condition precedent to the effectiveness of this Agreement the Town Council must ratify this Agreement on an annual basis. 13. Representations and Warranties. Subject only to the condition precedent set forth in the immediately preceding paragraph, each of the Town and SKLT hereby represent and warrant that they each have all due and necessary authority and capacity to enter into this Agreement and this Agreement shall be binding and of full force and effect with respect to the parties hereto, their respective heirs, successors, and permitted assigns. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above-written. TOWN OF SOUTH KINGSTOWN By: Its: THE SOUTH KINGSTOWN LAND TRUST By: Its: 3

7 South Kingstown Land Trust FY EXHIBIT 1 SKLT FY 2010 FY 2011 Building $394,800 $352,700 Residential Site $146,400 $80,200 Total $541,200 $432,900 Tax Rate $6.04 $7.09 Tax Bill $3, $3,

8 PAYMENT IN LIEU OF TAX AGREEMENT This Payment in Lieu of Tax Agreement (hereinafter, or Agreement ) is made and entered into as of the day of 2010, by and between the TOWN OF SOUTH KINGSTOWN, a municipal corporation organized and existing under the laws of the State of Rhode Island (hereinafter, the Town ) and THE JEWISH CHILDREN S HOME OF RHODE ISLAND A/K/A CAMP JORI, a Rhode Island not-for-profit, charitable corporation (hereinafter, Camp JORI ). W I T N E S S E T H: WHEREAS, the Town Council of the Town of South Kingstown has been authorized by an Act of the Rhode Island General Assembly (Public Laws of 2003, Chapter 220) to enter into PILOT agreements with nonprofit, charitable organizations; and WHEREAS, the activities of Camp JORI benefit the quality of life of the Town; and WHEREAS, Camp JORI has entered into a Lease Agreement with Middlebridge School, Inc. pursuant to which some of the Camp JORI facilities will be utilized all seasons through June 15, 2012; WHEREAS, the Town and Camp JORI desire to set forth the terms and conditions pursuant to which Camp JORI shall make payments in lieu of taxes to the Town; and WHEREAS, legal counsel for both parties have rendered their opinion approving the terms of this as lawful and valid; and WHEREAS, this document contains all the terms and conditions of the ; NOW, THEREFORE, in consideration of the mutual covenants, agreements, and understandings and obligations set forth herein, the receipt and sufficiency of which is hereby acknowledged, the Town and Camp JORI hereby agree as follows: 1. Payments in Lieu of Taxes. During the term of this, Camp JORI shall make payments in lieu of taxes to the Town annually on or before September 1 of each year for all real and personal property of Camp JORI. 2. Description of Premises. Camp JORI is located at 1056 Worden Pond Road and further identified on the maps of the Tax Assessor for the Town as Map 59-2, Lot 62 and consists of acres of land and the improvements thereon (hereinafter, the Premises ). This shall apply solely to the Premises and no other property of Camp JORI. 3. Calculation of Payment in Lieu of Tax. The payments in lieu of tax to be paid by Camp JORI to the Town shall be in accordance with calculations presented in Exhibit 1 attached hereto and incorporated herein.

9 Camp JORI Fiscal Year Term. The term of this Agreement shall be for July 1, 2010 through June 30, Thereafter s shall be subject to renewal and/or revision in accordance with Section of the South Kingstown Town Code governing s. The payment in lieu of tax amount may increase or decrease in future years based on the terms of this or successor PILOT Agreements that must be annually renewed or revised by the Town Council. Any sale or transfer of the Premises to any other entity will terminate this Agreement effective upon the date on which the sale or transfer occurs. 5. Invoices/Tax Bills. For the fiscal year , Camp JORI shall make the payment in lieu of taxes for that fiscal year as set forth on Exhibit 1 by August 1, Payment not made within five (5) calendar days of the due date shall bear interest at the rate of twelve percent (12%) per annum from the date due until paid. 6. Payment in Lieu of Tax Consequences. Payments in lieu of taxes made hereunder are deemed by the Town to be payments in lieu of tax payments, and Camp JORI shall be entitled to all of the rights and privileges of a taxpayer in the Town. It is further understood and agreed that the Town s recourse to Camp JORI for the payments in lieu of taxes due hereunder is the same as if the payments in lieu of taxes hereunder were in fact tax payments made to the Town, and all rights and remedies of the Town with respect to the collection of taxes are retained. 7. Non-permitted Use Impact. In the event Camp JORI shall utilize any portion of the Premises for any residential purpose or commercial uses not currently permitted pursuant to zoning or other ordinances and/or generating revenue (hereinafter, non-qualifying use ), then Camp JORI shall notify the Town within fifteen (15) days and such portion of the Premises used for the nonqualifying use shall be excluded from this, as of the date of the start of the non-qualifying use, with no reduction in the payments in lieu of taxes due the Town. The portion of the Premises excluded shall become immediately taxable unless a separate is negotiated for that use. If the non-qualifying use subsequently ends, then the affected property can only be reincorporated into this by express written agreement of the Town after the end of the non-qualifying use. 8. Entire Agreement. This Agreement constitutes the entire agreement of the parties hereto with respect to the subject matter hereof and supercedes all prior understandings and agreements, both oral and written. The parties hereto expressly acknowledge and agree that this PILOT Agreement has been entered into for the benefit of and reflects the full and complete facts and obligations of Camp JORI with respect to the Premises, the improvements located thereon, and personal property utilized by Camp JORI with respect to the operation of the Premises in the Town. This Agreement may only be modified and amended in writing and with consent of the parties hereto. 2

10 Camp JORI Fiscal Year Binding Effect. This Agreement and the terms and conditions and covenants reflected herein shall be binding upon and inure to the benefit of the Town and Camp JORI and assigns who have obtained the express written permission of the Town. 10. Applicable Law and Forum. This Agreement shall be construed under the laws of the State of Rhode Island. Any disputes arising from this Agreement will be adjudicated by courts within the State of Rhode Island. 11. Severability. If any provision of this Agreement shall be held to be illegal, invalid, or unenforceable, such illegality, invalidity, or unenforceability shall attach only to such provision and shall not in any manner effect or render illegal, invalid, or unenforceable any other provision of this Agreement, and this Agreement (if not so altered) shall be fulfilled as if any such illegal, invalid, or unenforceable provision were not contained herein. 12. Condition Precedent. Each of the parties here acknowledges and understands that as condition precedent to the effectiveness of this Agreement, the Town Council must ratify this Agreement on an annual basis. 13. Representations and Warranties. Subject only to the condition precedent set forth in the immediately preceding paragraph, each of the Town and Camp JORI hereby represent and warrant that they each have all due and necessary authority and capacity to enter into this Agreement and this Agreement shall be binding and of full force and effect with respect to the parties hereto, their respective heirs, successors, and permitted assigns. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first abovewritten. TOWN OF SOUTH KINGSTOWN By: Its: THE JEWISH CHILDREN S HOME OF RHODE ISLAND a/k/a CAMP JORI By: Its: 3

11 Camp JORI Fiscal Year Exhibit 1 Fiscal Year FY FY FY Assessment Date 12/31/ /31/ /31/2009 Building $151, $151, $131, Residential Site 196, , , Excess Land 272, , , TOTAL $619, $619, $550, Tax Rate $11.97 $12.09 $14.19 Camp JORI Pilot Payment $7, $7, $7, Middlebridge School Tax Share Months Per Year Rental Payment 50, , , Monthly Value 5, , , Annualized Value 63, , , Capitalization Rate 8% 8% 8% Lease Value 789, , , Tax Rate $11.97 $12.09 $14.19 Full Year Levy $9, $9, $11, Monthly Tax $ $ $ Months in lease Middlebridge School Contribution $7, $7, $8, Total Pilot Payment $14, $15, $16,

12 PAYMENT IN LIEU OF TAX AGREEMENT This Payment in Lieu of Tax Agreement (hereinafter, or Agreement ) is made and entered into as of the day of 2010, by and between the TOWN OF SOUTH KINGSTOWN, a municipal corporation organized and existing under the laws of the State of Rhode Island (hereinafter, the Town ) and WELCOME HOUSE OF SOUTH COUNTY, a Rhode Island not-for-profit, charitable corporation (hereinafter, Welcome House ). W I T N E S S E T H: WHEREAS, the Town Council of the Town of South Kingstown has been authorized by an Act of the Rhode Island General Assembly (Public Laws of 2003, Chapter 220) to enter into PILOT agreements with nonprofit, charitable organizations; and WHEREAS, the activities of Welcome House benefit the quality of life of the Town; and WHEREAS, the Town and Welcome House desire to set forth the terms and conditions pursuant to which Welcome House shall make payments in lieu of taxes to the Town; and WHEREAS, legal counsel for both parties have rendered their opinion approving the terms of this as lawful and valid; and WHEREAS, this document contains all the terms and conditions of the PILOT Agreement; NOW, THEREFORE, in consideration of the mutual covenants, agreements, and understandings and obligations set forth herein, the receipt and sufficiency of which is hereby acknowledged, the Town and Welcome House hereby agree as follows: 1. Payments in Lieu of Taxes. During the term of this, Welcome House shall make payments in lieu of taxes to the Town semiannually on or before September 1 and March 1 of each fiscal year for all real and personal property of Welcome House as set forth on Exhibit 1 attached hereto and incorporated herein. 2. Description of Premises. This applies to all the real property described in Exhibit 1 (hereinafter, the Premises ). This PILOT Agreement shall apply solely to the Premises and no other property of Welcome House.

13 Welcome House of South County FY Calculation of Payment in Lieu of Tax. The payment in lieu of tax to be paid by Welcome House to the Town shall be an amount equal to 25% of what the taxes on the Premises would be, had the Premises been on the taxable property roll for Fiscal Year ; all as set forth on Exhibit Term. The term of this Agreement shall be for one calendar year, July 1, 2010 through June 30, Thereafter s shall be subject to renewal and/or revision in accordance with Section of the South Kingstown Town Code governing s. The payment in lieu of tax amount may increase or decrease in future years based on the terms of this or successor s that must be annually renewed or revised by the Town Council. Any sale or transfer of the Premises to any other entity will terminate this Agreement effective upon the date on which the sale or transfer occurs. 5. Invoices/Tax Bills. The Town shall provide to Welcome House annually on or about the month of July, a statement setting forth its calculation of the payment in lieu of taxes for the next calendar year. Such annual statement of payment in lieu of taxes will cover the period of January 1 through December 31. Payment shall be due semi-annually on or before September 1 and March 1 of each fiscal year. Payment not made within five (5) calendar days of the due date shall bear interest at the rate of twelve percent (12%) per annum from the date due until paid. 6. Payment in Lieu of Tax Consequences. Payments in lieu of taxes made hereunder are deemed by the Town to be payments in lieu of tax payments, and Welcome House shall be entitled to all of the rights and privileges of a taxpayer in the Town. It is further understood and agreed that the Town s recourse to Welcome House for the payments in lieu of taxes due hereunder is the same as if the payments in lieu of taxes hereunder were in fact tax payments made to the Town, and all rights and remedies of the Town with respect to the collection of taxes are retained. 7. Non-permitted Use Impact. In the event Welcome House shall utilize any portion of the Premises for any residential purpose or commercial uses not currently permitted pursuant to zoning or other ordinances and/or generating revenue (hereinafter, non-qualifying use ), then Welcome House shall notify the Town within fifteen (15) days and such portion of the Premises used for the non-qualifying use shall be excluded from this, as of the date of the start of the non-qualifying use, with no reduction in the payments in lieu of taxes due the Town. The portion of the Premises excluded shall become immediately taxable unless a separate is negotiated for that use. If the non-qualifying use subsequently ends, then the affected property can only be reincorporated into this by express written agreement of the Town after the end of the non-qualifying use.

14 Welcome House of South County FY Entire Agreement. This Agreement constitutes the entire agreement of the parties hereto with respect to the subject matter hereof and supercedes all prior understandings and agreements, both oral and written. The parties hereto expressly acknowledge and agree that this has been entered into for the benefit of and reflects the full and complete facts and obligations of Welcome House with respect to the Premises, the improvements located thereon, and personal property utilized by Welcome House with respect to the operation of the Premises in the Town. This Agreement may only be modified and amended in writing and with consent of the parties hereto. 9. Binding Effect. This Agreement and the terms and conditions and covenants reflected herein shall be binding upon and inure to the benefit of the Town and Welcome House and assigns who have obtained the express written permission of the Town. 10. Applicable Law and Forum. This Agreement shall be construed under the laws of the State of Rhode Island. Courts within the State of Rhode Island will adjudicate any disputes arising from this Agreement. 11. Severability. If any provision of this Agreement shall be held to be illegal, invalid, or unenforceable, such illegality, invalidity, or unenforceability shall attach only to such provision and shall not in any manner effect or render illegal, invalid, or unenforceable any other provision of this Agreement, and this Agreement (if not so altered) shall be fulfilled as if any such illegal, invalid, or unenforceable provision were not contained herein. 12. Condition Precedent. Each of the parties here acknowledges and understands that as conditions precedent to the effectiveness of this Agreement, the Town Council must ratify this Agreement on an annual basis. 13. Representations and Warranties. Subject only to the condition precedent set forth in the immediately preceding paragraph, each of the Town and Welcome House hereby represent and warrant that they each have all due and necessary authority and capacity to enter into this Agreement and this Agreement shall be binding and of full force and effect with respect to the parties hereto, their respective heirs, successors, and permitted assigns.

15 Welcome House of South County FY IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above-written. TOWN OF SOUTH KINGSTOWN By: Its: WELCOME HOUSE OF SOUTH COUNTY By: Its:

16 Welcome House of South County FY EXHIBIT 1 WELCOME HOUSE Assessment Property Taxable Assessment Pilot Assessment Payment Property Pilot Value Tax 12/31/2009 FY Requirement Tax Payment 8 North Road - Shelter $1,190,800 $16,894 Exempt $0 0% $0 $0 22 North Road - Administrative 205,900 $2,921 Exempt $0 0% 0 $0 483 High Street - Residential (Condo) 225,400 $3,198 0 $ 56,350 25% 0 $ Kersey Road - Housing 262,500 $3,724 0 $ 65,625 25% 0 $ Kingstown Road - Housing 305,200 $4,330 0 $ 76,300 25% 0 $1, Kersey Road - Housing 275,900 $3,914 0 $ 68,975 25% 0 $ , 14, 16 & 18 Green Street - Housing 276,300 $3,920 0 $ 69,075 25% 0 $ Total $2,742,000 $38,901 $0 $336,325 $0 $4,771.44