will accordingly receive about $2 million from this sale. Owners of property in the development will also receive a portion of the proceeds.Ī third party is now in contract to pay approximately $10 million to High Point for the land in question, and Lakewood Twp. Under the deal, the township agreed to accept approximately 20% of the property's value when sold to a willing 3rd party instead of the claimed tax debt. Rather than fighting about it in court, the parties accepted a deal structured by the municipal attorney’s office of Lawrence Bathgate. The owners sued, maintaining there was no debt and that the township had been erroneously calculating taxes on common areas, which were exempt. foreclosed on a portion of land owned by High Point Condos, claiming unpaid taxes. The rough outline of the facts is that decades ago, Lakewood Twp. It’s a convoluted mixup that even many in the township don’t fully understand. doing in the middle of the $10 million private sale of part of the High Point condominium complex on Cross Prospect and Massachusetts? The answer? Trying to collect on a decades-old disputed tax debt.
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