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.
411-419 Chestnut Street., Unit 3A, Block 1128.03 ,Lot 3.01 ,Qualifier C3A (East Ward)]
Name of Owner: Carlos J. Mendonca - Architect's Certification - $ 81,435.12
SILOT $1,628.70- Purchase Price - $200,000.00 - Condominium
Architect - Gregory Comito- Contractor - Dynasty Construction, Inc.
Certificate of Occupancy: 03/09/12
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 1128.03, LOT 3.01, QUALIFIER C3A AND MORE COMMONLY KNOWN AS 411-419 CHESTNUT STREET, UNIT 3A, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS MARCH 9, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Carlos J. Mendonca, filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 411-419 Chestnut Street, Unit 3A, also known as Block 1128.03, Lot 3.01, Qualifier C3A, on the Official Tax Map for the City of Newark; and
WHEREAS, Carlos J. Mendonca 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, Carlos J. Mendonca has/have provided the City of Newark with the necessary Architect's Certification and Certificate of Occupancy; and
WHEREAS, Carlos J. Mendonca has/have satisfied the City of Newark requirements rega...
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