Hurricane Sandy
Entire Borough of Belmar Labeled 'Area in Need of Rehabilitation'
And Belmar's Ocean Ave. Labeled Area of Redevelopment
Belmar Council voted to label the entire borough an area in need of rehabilitation, a term that would eventually allow tax abatements for commercial and residential property, officials said. The designation required the explanation of special counsel for Belmar, who explained the label "area in need of rehabilitation" would allow taxpayers to seek tax abatements when they complete improvements on their property. Mayor Matt Doherty said Belmar was moving forward with this label to help taxpayers impacted by Hurricane Sandy, who may have seen widespread damage to the older homes in Belmar and are now decided if its the time to not just repair but improve their property. "A lot of homes in Belmar are very old...as they do repairs maybe they …
