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.
43-45 St. James Place Block 3053.01 and Lot 18 (South Ward)]
Name of Owner: Euro Associates, LLC - Architect's Certification - $ 195,000.00
SILOT $3,900.00- Purchase Price - $160,000.00 - 3 Family New Construction
Architect - Rui Amarall- Contractor - Euro Associates, LLC
Certificate of Occupancy: January 4, 2012
Deferred 6F-c 061913
Deferred 6PSF-b 080713
Special Note: Public Hearing to be held on September 18, 2013 on Amendment Only.
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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 3053.01, LOT 18 AND MORE COMMONLY KNOWN AS 43-45 ST. JAMES PLACE, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY, WHICH IS JANUARY 4, 2012 AND EXPIRING FIVE (5) YEARS THEREAFTER. (SOUTH WARD)
WHEREAS, Euro Associates, LLC., filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 43-45 St. James Place, also known as Block 3053.01, Lot 18, on the Official Tax Map for the City of Newark; and
WHEREAS, Euro 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, Euro Associates, LLC., has/have provided the City of Newark with the necessary Architect's Certi...
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