City of Newark - File #: 10-0191

• File #: 10-0191
• Version: 2
• Type: Resolution
• Status: Adopted
• File created: 2/5/2010
• In control: Economic and Housing Development
• On agenda: 2/9/2010
• Final action: 2/17/2010
• Title: Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: Extension for rehabilitation of residential project Entity Name: Zion Towers Realty, LLC Project Location: 507-519 Elizabeth Avenue, Block 3637, Lot 106 Abatement Period: Thirty (30) years from expiration of original tax abatement in year 2018 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. (X) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a (X) Agreement Additional Information: Original tax abatement granted by Resolution 7RCM 080768 Deferred 7R3-c(s) 020910

Date	Ver.	Action By	Action	Result
2/17/2010	2	Municipal Council	Adopt	Pass
2/9/2010	1	Municipal Council	Defer	Pass

Title

Dept/ Agency:  Economic & Housing Development

Action:  (   ) Ratifying     (X) Authorizing     (   ) Amending

Type of Service:  Application for Long-Term Tax Abatement

Purpose:  Extension for rehabilitation of residential project

Entity Name:  Zion Towers Realty, LLC

Project Location:   507-519 Elizabeth Avenue, Block 3637, Lot 106

Abatement Period:  Thirty (30) years from expiration of original tax abatement in year 2018

Contract Basis: (   ) Bid   (   ) State Vendor   (   ) Prof.  Ser.   (X) EUS  

(   ) Fair & Open   (   ) No Reportable Contributions   (   ) RFP   (   ) RFQ

(   ) Private Sale   (   ) Grant   (   ) Sub-recipient   (   ) n/a   (X) Agreement   

Additional Information:

Original tax abatement granted by Resolution 7RCM 080768

Deferred 7R3-c(s) 020910