File #: 12-0359    Version: 1 Name: 12-0359 T.A. 72 Murray St. - 5-year residential tax abatement.
Type: Ordinance Status: Adopted
File created: 2/6/2012 In control: Finance
On agenda: 4/4/2012 Final action: 5/2/2012
Title: ORDINANCE GRANTING FIVE (5) YEARS OF TAX ABATEMENT TO THE OWNER (S) OF THE QUALIFIED RESIDENTIAL STRUCTURE, FOR PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF CERTIFICATE OF OCCUPANCY AND EXPIRING FIVE (5) YEARS THEREAFTER. 72 Murray Street, Block 2814 and Lot 32 (East Ward) Name of Owner: Devon L. Robinson & Tameca Knight - Architect's Certification - $190,000.00 SILOT $3,800.00- Purchase Price - $329,900.00 - 2 Family new construction Architect - Daniel A. Roma- Contractor - European Const. Prof., LLC Certificate of Occupancy September 28, 2011 Additional Information:
Title
ORDINANCE GRANTING FIVE (5) YEARS OF TAX ABATEMENT TO THE OWNER (S) OF THE QUALIFIED RESIDENTIAL STRUCTURE, FOR PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF CERTIFICATE OF OCCUPANCY AND EXPIRING FIVE (5) YEARS THEREAFTER.

72 Murray Street, Block 2814 and Lot 32 (East Ward)
Name of Owner: Devon L. Robinson & Tameca Knight - Architect's Certification - $190,000.00
SILOT $3,800.00- Purchase Price - $329,900.00 - 2 Family new construction
Architect - Daniel A. Roma- Contractor - European Const. Prof., LLC
Certificate of Occupancy September 28, 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 2814, LOT 32 AND MORE COMMONLY KNOWN AS 72 MURRAY STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS SEPTEMBER 28, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.

WHEREAS, Devon L. Robinson & Tameca Knight filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 72 Murray St., also known as Block 2814, Lot 32, on the Official Tax Map for the City of Newark; and

WHEREAS, Devon L. Robinson & Tameca Knight 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, Devon L. Robinson & Tameca Knight has/have provided the City of Newark with the necessary Architect's Certification and Certificate of Occupancy; and

WHEREAS, Devon L. Robinson & Tameca Knight has/have satisfied the City of Newark requirements regarding...

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