Dixon Advisory benefited from one of Fulop's most controversial policy decisions.
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As mayor, Fulop can't set property tax rates but can block rate readjustments. Soon after taking office, the mayor canceled a tax revaluation that was meant to raise revenue and reduce disparities in the levies on homes. Fulop said he was concerned that the process for selecting a reassessment company had been flawed and that longtime homeowners would face crippling tax hikes.
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Schultz said in announcing his decision. Dixon Advisory was among those that benefited from the several-year delay. Though unassuming from the street, the townhome has been transformed by a gut renovation and the addition of balconies on the back with views of the Manhattan skyline. The basement floor was dug about two feet deeper and outfitted with a separate suite and a gourmet kitchen.
In , once the work was completed, the Fulops refinanced the property with Bayonne Community Bank. Shortly after he took office, executives at BCB reached out to his administration to ask about opening more branches there, according to people close to the matter. The Fulop administration welcomed the effort, and in the city's retirement commission transferred millions of dollars in pension funds to an account at the bank. Fulop, who sits on that commission, wasn't present for the vote approving the transfer, according to city documents. Dixon Advisory, she added, had no business with the city.
We reject any suggestion to the contrary. Dixon Advisory customarily charges a The company declined to comment on what it charged the Fulops. The North American operation run by Alan Dixon has been dragging down the performance of its Australian parent.
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Shares of Evans Dixon Ltd. Residential Fund.
Both Dixon Advisory and Bayonne Community Bank are involved with a separate vacation property the Fulops are building. The couple razed the existing structure.
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On a recent visit, the framing was taking form for its replacement, a three-story beach house overlooking the Atlantic. One of those architects testified at a zoning hearing, assuring Narragansett officials the house would be structurally sound and environmentally efficient. Both Fulop homes are listed as collateral, according to public records.
Fulop said the mortgage in Jersey City was a year loan with a fixed rate of 3. View Details. Follow this organizer to stay informed on future events Sierra Farinas Event creator. Following Follow. Events you might like:.
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