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.
729 S. 12th Street, Block 2632, Lot 3.15. South WardName of Owner: Hector Andino - Architect's Certification - $ 220,000.00
SILOT $4,400.00- Purchase Price - $349,000.00 - 3 Family new construction
Architect - Daniel A. Roma- Contractor - Granada Construction Corp.
Certificate of Occupancy: May 23, 2012
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 2632, LOT 3.15 AND MORE COMMONLY KNOWN AS 729 S. 12TH STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS MAY 23, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Hector Andino, filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 729 S. 12th Street, also known as Block 2632, Lot 3.15, on the Official Tax Map for the City of Newark; and
WHEREAS, Hector Andino 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, Hector Andino has/have provided the City of Newark with the necessary Architect's Certification and Certificate of Occupancy; and
WHEREAS, Hector Andino has/have satisfied the City of Newark requirements regarding ownership of the aforementioned residential property and is/are eligible for a tax abatement pursuant ...
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