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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 2707, LOT 35.01 AND MORE COMMONLY KNOWN AS 760 BERGEN STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS JUNE 22, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.
760 Bergen Street, Block 2707 and Lot 35.01 (South Ward)]
Name of Owner: 758-760 Bergen Street, LLC- Architect's Certification -
$ 180,000.00
SILOT $3,600.00- Purchase Price - $120,000.00 (Land only) - 2 Family New Construction
Architect - Daniel A. Roma- Contractor - Celton Corp.
Certificate of Occupancy: June 22, 2011
Additional Information:
The developer is the owner of the residential property and the dwelling is non-owner
occupied. The purchase price is for the land only.
Deferred 6PSF-d4 022013/Public Hearing Open
Deferred 6PSF-b4 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 2707, LOT 35.01 AND MORE COMMONLY KNOWN AS 760 BERGEN STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS JUNE 22, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, 758-760 Bergen Street, LLC filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 760 Bergen Street, also known as Block 2707, Lot 35.01 on the Official Tax Map for the City of Newark; and
WHEREAS, 758-760 Bergen Street, 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 provide for a five (5) year tax abatement for new residential construction in order to reduce the...
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