City of Newark - File #: 12-1541

• File #: 12-1541
• Version: 2
• Name: ADDED STARTER 98 Frelinghuysen Abatement
• Type: Ordinance
• Status: Filed
• File created: 7/12/2012
• In control: Economic and Housing Development
• On agenda: 10/3/2012
• Final action: 2/6/2013
• Title: AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO 98 FRELINGHUYSEN REAL ESTATE URBAN RENEWAL ENTITY, LLC, 564 BROADWAY, SUITE 2, BAYONNE, NEW JERSEY 07002, THE OWNER OF A COMMERCIAL PROJECT LOCATED ON PROPERTY IDENTIFIED ON THE OFFICIAL TAX MAP AS BLOCK 2780, LOT 1, MORE COMMONLY KNOWN AS 94-120 FRELINGHUYSEN South Ward Deferred 8-e (as) 100312 Deferred 9-a 101712 No Action Taken, November 20, 2012 Deferred 6PSF-b 121912/ Public Hearing Open Deferred 6PSF-b 010313/ Public Hearing Open Deferred 6PSF-a 011613/ Public Hearing Open Public Hearing on Amendment Only February 6, 2013
• Sponsors: Ras J. Baraka, Carlos M. Gonzalez
• Related files: 19-0035

Date	Ver.	Action By	Action	Result
2/6/2013	2	Municipal Council	Close on Public Hearing and Adopt	Pass
1/23/2013	1	Municipal Council	Amend on Public Hearing	Pass
1/23/2013	1	Municipal Council	Maintained on Public Hearing and Adopted as Amended	Pass
1/16/2013	1	Municipal Council	Defer to a Special Meeting	Pass
1/3/2013	1	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
12/19/2012	1	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
12/5/2012	1	Municipal Council	Adopt on First Reading	Pass
11/20/2012	1	Municipal Council	No Action Taken
11/9/2012	1	Municipal Council	Advance to First Reading	Pass
10/17/2012	1	Municipal Council	Defer on pending	Pass
10/3/2012	1	Municipal Council	Defer on Communications	Pass

Title
AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO 98 FRELINGHUYSEN REAL ESTATE URBAN RENEWAL ENTITY, LLC, 564 BROADWAY, SUITE 2, BAYONNE, NEW JERSEY 07002, THE OWNER OF A COMMERCIAL PROJECT LOCATED ON PROPERTY IDENTIFIED ON THE OFFICIAL TAX MAP AS BLOCK 2780, LOT 1, MORE COMMONLY KNOWN AS 94-120 FRELINGHUYSEN
South Ward
Deferred 8-e (as) 100312
Deferred 9-a 101712
No Action Taken, November 20, 2012
Deferred 6PSF-b 121912/ Public Hearing Open
Deferred 6PSF-b 010313/ Public Hearing Open
Deferred 6PSF-a 011613/ Public Hearing Open
Public Hearing on Amendment Only February 6, 2013

Body
WHEREAS, 98 Frelinghuysen Real Estate Urban Renewal Entity, LLC, 564 Broadway, Suite 2, Bayonne, New Jersey 07002, filed an application with the Mayor seeking a long term tax abatement for the commercial project on land identified on the Official Tax Map of the City of Newark as Block 2780, Lot 1, more commonly known and identified by the street address of 94-120 Frelinghuysen Avenue, Newark, New Jersey (the “Property”) pursuant to the Long Term Tax Abatement Law, N.J.S.A. 40A:20-1 et. seq.; and

WHEREAS, the Mayor has submitted the application and proposed Financial Agreement to the Municipal Council with his recommendation thereof, a copy of which is annexed hereto; and

WHEREAS, in accordance with Ordinance No. 6PSF-a 050411 adopted May 4, 2011, the Entity has filed with the City a sworn statement that it has not made any contribution in violation of said ordinance; and

WHEREAS, the Municipal Council has determined pursuant to N.J.S.A. 40A:20-11 that the relative benefits of this project outweigh any costs associated with this tax abatement and that without the tax abatement granted herein, the project would not be undertaken.

NOW, THEREFORE, BE IT ORDAINED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:

1. The application of 98 Frelinghuysen Real Estate Urban Renewal Entity, LLC, 564 Broadway, Suite 2, Bayonne, New Jersey 07002, for t...