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 2703, LOT 54.18 AND MORE COMMONLY KNOWN AS 260 BADGER AVENUE, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS JANUARY 23, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER.
260 Badger Avenue, Block 2703 and Lot 54.18 (South Ward)]
Name of Owner: New Homes Realty, Inc.- Architect's Certification - $135,800.00
SILOT $2,716.00- Purchase Price - $266,700.00 (multiple lots) - 3 Family- New Construction
Architect - Luis L. Garcia- Contractor - Sumo Enterprises, Inc.
Certificate of Occupancy: January 23,2012
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.and not the price of the residential property.
Deferred 6PSF-d3 022013/Public Hearing Open
Deferred 6PSF-b3 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 2703, LOT 54.18 AND MORE COMMONLY KNOWN AS 260 BADGER AVENUE, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS JANUARY 23, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, New Homes Realty, Inc., filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 260 Badger Avenue, also known as Block 2703, Lot 54.18, on the Official Tax Map for the City of Newark; and
WHEREAS, New Homes Realty, Inc., 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 abatemen...
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