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Private Equity Fund Of Funds The Vernon Township Council will hold a hearing Monday at 6 p.m. on a proposed Green Acres funding application for the acquisition of the VanDokkenburg farm property on Route 94 for use as athletic fields.

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Curve Equity Exposed Fund A public hearing will take place during the council's regular meeting at town hall.

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Equity Income Funds The council hopes to trade 135 acres of the township-owned Maple Grange tract to the VanDokkenburg family in exchange for 125 acres of their farm along Route 94, just north of the Appalachian Motel, officials have said.

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Capital Casebook Equity The Maple Grange land includes the 40-acre Black Creek Native American site that the state designated historic on April 1, 2002, after bitter battles between the township council and preservationists. It was listed on the National Register of Historic Places on Nov. 27, 2002.

An exemption limit applies to any equity you have in property and limits the amount of equity that is exempt. Equity is the difference between the fair market value of the property and the unpaid balance on the property. For example, a home valued at $500, 000 with a loan of $450, 000 has an equity value of $50, 000. If the state¯ homestead exemption is $50, 000 or greater, the debtor would be exempt from liquidating the $50, 000 equity in the home to pay off the debts.

Private Investment In Public The council has argued that a swap makes sense because the historic designation included the flattest, most suitable land for ballfields, and the VanDokkenburg land would be easier to convert to fields.

City officials plan to buy property on Poplar Street as part of a project to create a park of more than 65 acres along the Assunpink Creek. The city council yesterday introduced legislation that would authorize paying $74, acre property at 121 Poplar Street in the city's North Ward. The council could approve the purchase as early as Jan. 15. The property, which city officials said is now used as a junkyard, called Assunpink Greenway they are trying to create.

Equity Mutual Funds Preservationists favor constructing ballfields on the rest of the Maple Grange tract, and are concerned about costs, possible future development of the Maple Grange property and loss of farmland.

Birmingham Contact Equity By Jim Lockwood
Star-Ledger - 3/23/2003

Topic: Highlands

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