Title
ORDINANCE GRANTING FIVE (5) YEARS OF TAX ABATEMENT TO THE OWNER OF THE QUALIFIED RESIDENTIAL STRUCTURE, FOR PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF CERTIFICATE OF OCCUPANCY AND EXPIRING FIVE (5) YEARS THEREAFTER.
39 Patterson St., Block 2037 and Lot 4 (East Ward)
Name of Owner: Javier Sanchez - Architect's Certification - $ 251,000.00
SILOT $ 5,020.00- Purchase Price - $455,000.00 - 2 Family New Construction
Architect - Jose Gennaro- Contractor - Woodruff Developers, LLC.
Certificate of Occupancy: September 9, 2011
Additional Information:
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AN ORDINANCE GRANTING FIVE (5) YEARS OF TAX ABATEMENT TO THE OWNER(S) OF THE QUALIFIED RESIDENTIAL STRUCTURE, MORE SPECIFICALLY IDENTIFIED ON THE OFFICIAL TAX MAP AS BLOCK 2037, LOT 4 AND MORE COMMONLY KNOWN AS 39 PATTERSON STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS SEPTEMBER 9, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Javier Sanchez, filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 39 Patterson Street, also known as Block 2037, Lot 4, on the Official Tax Map for the City of Newark; and
WHEREAS, Javier Sanchez has/have requested that the City of Newark grant a tax abatement pursuant to N.J.S.A. 54:4-3.139 et seq. and the Revised Ordinances of the City of Newark (R.O. 10:26-1 et seq., as amended) which provides for a five (5) year tax abatement for new residential construction in order to reduce the substantially high tax burdens and to stabilize and maintain the viability of the neighborhood; and
WHEREAS, Javier Sanchez has/have provided the City of Newark with the necessary Architect's Certification and Certificate of Occupancy; and
WHEREAS, Javier Sanchez has/have satisfied the City of Newark requirements regarding ownership of the aforementioned residential property and is/are eligible for a tax abatement ...
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