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.
24 Oraton Street, Block 619, Lot 51 (North Ward)]
Name of Owner: Benny Perez & Christian Rodriguez - Architect's Certification - $ 180,000.00
SILOT $3,600.00- Purchase Price - $330,000.00 - 2 Family New Construction
Architect - Daniel A. Roma- Contractor - Aguias Carpentry
Certificate of Occupancy: December 16, 2011.
Additional Information:
Deferred 6F-a2 090612
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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 619, LOT 51 AND MORE COMMONLY KNOWN AS 24 ORATON STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS DECEMBER 16, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Benny Perez & Christian Rodriguez, filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 24 Oraton Street, also known as Block 619, Lot 51, on the Official Tax Map for the City of Newark; and
WHEREAS, Benny Perez & Christian Rodriguez 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, Benny Perez & Christian Rodriguez has/have provided the City of Newark with the necessary Architect's Certification and Certificate of Occupancy; and
WHEREAS, Benny Perez & Christian Rodriguez has/have satisfied the City of Newark requirements r...
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