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.
31-33 Governor Street, Block 114.01 and Lot 39.02 (Central Ward)]
Name of Owner: Raymond Rasheed - Architect’s Certification - $170,000.00
SILOT $3,400.00- Purchase Price - $477,000.00 - 3 Family New Construction
Architect - Joseph R. Asfour- Contractor - Triple A Builders, LLC
Certificate of Occupancy: May 19, 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 114.01, LOT 39.02 AND MORE COMMONLY KNOWN AS 31-33 GOVERNOR STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS MAY 19, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Raymond Rasheed filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 31-33 Governor Street, also known as Block 114.01, Lot 39.02 on the Official Tax Map for the City of Newark; and
WHEREAS, Raymond Rasheed 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 provide 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, Raymond Rasheed has/have provided the City of Newark with the necessary Architect's Certification and Certificate of Occupancy; and
WHEREAS, Raymond Rasheed has/have satisfied the City of Newark requirements regarding ownership of the aforementioned residential property and is/are eligible ...
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