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 2632, LOT 3.18 AND MORE COMMONLY KNOWN AS 737 S. 12TH STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS SEPTEMBER 28, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER.
737 S. 12th Street, Block 2632 and Lot 3.18 (South Ward)
Name of Owner: Alvin Phillips - Architect's Certification - $220,000.00
SILOT $4,400.00- Purchase Price - $345,000.00 - 3 Family New Construction
Architect - Daniel A. Roma- Contractor - Granada Construction, Corp.
Certificate of Occupancy: September 28, 2012.
Additional Information:
The residential dwelling is owner occupied.
Deferred 6PSF-d10 022013/Public Hearing Open
Deferred 6PSF-b10 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 2632, LOT 3.18 AND MORE COMMONLY KNOWN AS 737 S. 12TH STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS SEPTEMBER 28, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Alvin Phillips, filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 737 S. 12th Street, also known as Block 2632, Lot 3.18, on the Official Tax Map for the City of Newark; and
WHEREAS, Alvin Phillips, 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 stabilize and maintain the viability of the neighborhood; and
WHERE...
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