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 184, LOT 5 AND MORE COMMONLY KNOWN AS 47-49 UNION STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS SEPTEMBER 2, 2011 AND EXPIRING FIVE (5) YEARS THEREAFTER. (EAST WARD)
47-49 Union Street, Block 184 and Lot 5 (East Ward)
Name of Owner: Galicia Partners, LLC - Architect's Certification - $ 260,000.00
SILOT $5,200.00- Purchase Price - $300,000.00 - 3 Family New construction
Architect - Daniel A. Roma- Contractor - D.O.M.A. Construction
Certificate of Occupancy: September 2, 2011
Additional Information:
No Action Taken 6F-a1. 051513
Deferred 6PSF-c1 060613/ Public Hearing Open
Deferred 6PSF-a1 061913/ Public Hearing Open
Deferred 6PSF-a1 070313/ Public Hearing Open
Deferred 6PSF-a1 080713/ Public Hearing Open
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WHEREAS, Galicia Partners, LLC filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 47-49 Union Street, also known as Block 184, Lot 5, on the Official Tax Map for the City of Newark; and
WHEREAS, Galicia Partners, 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 substantially high tax burdens and to stabilize and maintain the viability of the neighborhood; and
WHEREAS, Galicia Partners, LLC has/have provided the City of Newark with the necessary Architect's Certification and Certificate of Occupancy; and
WHEREAS, Galicia Partners, LLC has/have satisfied the City of Newark requirements regarding ownership of the aforeme...
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