All other terms of this proposal are according to the merger agreement that we beforehand submitted to you in July. Specifically, this proposal allows Monmouth shareholders to continue receiving dividends by way of closing of a transaction with Starwood without any discount to the merger consideration. Further, we aren’t increasing our termination fee from $62 million, despite the higher value that this proposal presents to Monmouth shareholders and your recent determination to divert extra shareholder worth to EQC within the form of a higher termination payment. A 1% switch tax would basically mean new owners would be paying double property taxes of their first yr of possession. Decent 3brs are simply round $400k proper now, in order that’s $4k in taxes.
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A local authorities with spine would be a recent idea , not one which bends over with – sure Mr. developer might I have one other project benefiting the developer more than the neighborhood. Last 12 months, real estate gross sales in all of Blaine County surpassed $1 billion, with significant totals coming from the three cities already amassing local-option taxes. According to OneKey a quantity of itemizing service, the property was listed by Douglas Elliman in 2018 for $12.9 million, and Harrington toured the property with Architectural Digest for its YouTube channel.
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If you fail to renew within that interval, you might be required to pass the state written examination and submit a brand new salesperson/broker utility and payment. No persevering with schooling shall be required to repeat the licensing course of again.