Title
ORDINANCE GRANTING FIVE (5) YEARS OF TAX ABATEMENT TO THE OWNER OF THE QUALIFIED RESIDENTIAL STRUCTURE, FOR PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF CERTIFICATE OF OCCUPANCY AND EXPIRING FIVE (5) YEARS THEREAFTER.
165-167 Clifford Street, Block 974 and Lot 11.08 ( East Ward)]
Name of Owner: Clifford Street Associates, LLC - Architect's Certification - $185,000.00
SILOT $ 3,700.00- Purchase Price - $ 25,000.00(land only) - 3 Family new construction
Architect - Rui Amaral - Contractor - IBN Construction, Co., Inc.
Certificate of Occupancy: August 20, 2012
Additional Information:
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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 974, LOT 11.08 AND MORE COMMONLY KNOWN AS 165-167 CLIFFORD STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS AUGUST 20, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER. ( EAST WARD)
WHEREAS, Clifford Street Associates, LLC., filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 165-167 Clifford Street, also known as Block 974, Lot 11.08, on the Official Tax Map for the City of Newark; and
WHEREAS, Clifford Street Associates, 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 stabilize and maintain the viability of the neighborhood; and
WHEREAS, Clifford Street Associates, LLC., has/have provided the City of Newark with the necessary Architect's Certification and Certificate of Occupancy; and
WHEREAS, Clifford Street Associates, LLC., has/have satisf...
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