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 3708, LOT 67 AND MORE COMMONLY KNOWN AS 174-176 KEER AVENUE, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS DECEMBER 16, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.
174-176 Keer Avenue, Block 3708 and Lot 67 (South Ward)
Name of Owner: Park Land Properties, LLC - Architect's Certification - $190,000.00
SILOT $3,800.00- Purchase Price - $290,000.00 - 2 Family New Construction
Architect - Daniel A. Roma- Contractor - BMB Contracting
Certificate of Occupancy: December 16, 2011
Additional Information:
The developer is the owner of the residential property and the dwelling is non-owner occupied.
Deferred 6PSF-d9 022013/Public Hearing Open
Deferred 6PSF-b9 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 3708, LOT 67 AND MORE COMMONLY KNOWN AS 174-176 KEER AVENUE , FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS DECEMBER 16, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Park Land Properties, LLC., filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 174-176 Keer Avenue, also known as Block 3708, Lot 67, on the Official Tax Map for the City of Newark; and
WHEREAS, Park Land Properties, 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 substantially high tax burdens and to st...
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