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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 3565, LOT 22.05 AND MORE COMMONLY KNOWN AS 12-14 CUSTER PLACE, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS OCTOBER 25, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.
12-14 Custer Place, Block 3565 and Lot 22.05 (South Ward)
Name of Owner: Alpco Associates Limited Partnership- Architect's Certification - $ 170,000.00
SILOT $ 3,400.00- Purchase Price - $ 366,666.66 - 3 Family New Construction
Architect - Joseph R. Asfour- Contractor - Fast Construction Inc.
Certificate of Occupancy: October 25, 2011
Additional Information:
The developer is the owner of the residential property and the dwelling is non-owner occupied.
Deferred 6PSF-d7 022013/Public Hearing Open
Deferred 6PSF-b7 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 3565, LOT 22.05 AND MORE COMMONLY KNOWN AS 12-14 CUSTER PLACE, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS OCTOBER 25, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Alpco Associates Limited Partnership, filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 12-14 Custer Place, also known as Block 3565, Lot 22.05 on the Official Tax Map for the City of Newark; and
WHEREAS, Alpco Associates Limited Partnership, 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 ...
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