Title
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 1918 LOT 67 AND MORE COMMONLY KNOWN AS 170 N. 7TH STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS JANUARY 13, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER.
170 N. 7th Street, Block 1918 and Lot 67 (Central Ward)]
Name of Owner: Blue Kingdom, LLC - Architect's Certification - $ 170,000.00
SILOT $3,400.00- Purchase Price - $10,000.00 (land only) - 3 Family New construction
Architect - Joseph R. Asfour- Contractor - Darkwood Builders, Inc.
Certificate of Occupancy: January 13, 2012
Additional Information:
The developer is the owner of the residential property and the dwelling is non-owner occupied. The purchase price is for multiple lots only.
Deferred 6PSF-d12 022013/Public Hearing Open
Deferred 6PSF-b12 032013/Public Hearing Open
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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 1918 LOT 67 AND MORE COMMONLY KNOWN AS 170 N. 7TH STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS JANUARY 13, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Blue Kingdom, LLC., filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 170 N. 7th Street, also known as Block 1918, Lot 67, on the Official Tax Map for the City of Newark; and
WHEREAS, Blue Kingdom, LLC.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 subs...
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