City of Newark - File #: 13-1042

• File #: 13-1042
• Version: 3
• Name: Essex Plaza I - abatement
• Type: Ordinance
• Status: Filed
• File created: 5/24/2013
• In control: Economic and Housing Development
• On agenda: 7/11/2013
• Final action: 1/8/2014
• Title: AN ORDINANCE CANCELING THE LONG TERM TAX ABATEMENT GRANTED VIA RESOLUTION 7R-CV AUGUST 4, 1976, TO ESSEX PLAZA COMPANY UNDER THE LIMITED DIVIDEND LAW FOR AN AFFORDABLE HOUSING PROJECT LOCATED AT 1056-1070 BROAD STREET AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY AS BLOCK 892, LOT 1 AND GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO ESSEX PLAZA URBAN RENEWAL, LLC UNDER THE LONG TERM TAX EXEMPTION LAW FOR THE REHABILITATION OF THE RESIDENTIAL RENTAL AFFORDABLE HOUSING PROJECT ON SAID PROPERTY (EAST WARD) Deferred 6PSF-g 080713/Public Hearing Open Deferred 6PSF-e 090513/Public Hearing Open Deferred 6PSF-b 091813/Public Hearing Open Deferred 6PSF-i 092413/Public Hearing Open No Action Taken 6PSF-i 100213/Public Hearing Open Deferred 6PSF-h 101013/Public Hearing Open No Action Taken 6PSF-g 102313/Public Hearing Open Deferred 6PSF-g 102913/Public Hearing Open Deferred 6PSF-g 110713/Public Hearing Open Deferred 6PSF-d 111813/Public Hearing Open Deferred 6PSF-c 120413/Pub...
• Sponsors: Council of the Whole
• Related files: 16-0360

Date	Ver.	Action By	Action	Result
1/8/2014	3	Municipal Council	Close on Public Hearing and Adopt	Pass
12/18/2013	3	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
12/4/2013	3	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
11/18/2013	3	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
11/7/2013	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
10/29/2013	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
10/23/2013	2	Municipal Council	No Action Taken
10/17/2013	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
10/10/2013	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
10/2/2013	2	Municipal Council	No Action Taken
9/24/2013	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
9/18/2013	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
9/5/2013	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
8/7/2013	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
7/23/2013	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
7/11/2013	2	Municipal Council	Advance to First Reading	Pass
7/11/2013	2	Municipal Council	Advance and Adopt on First Reading as 6F-	Pass

Title
AN ORDINANCE CANCELING THE LONG TERM TAX ABATEMENT GRANTED VIA RESOLUTION 7R-CV AUGUST 4, 1976, TO ESSEX PLAZA COMPANY UNDER THE LIMITED DIVIDEND LAW FOR AN AFFORDABLE HOUSING PROJECT LOCATED AT 1056-1070 BROAD STREET AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY AS BLOCK 892, LOT 1 AND GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO ESSEX PLAZA URBAN RENEWAL, LLC UNDER THE LONG TERM TAX EXEMPTION LAW FOR THE REHABILITATION OF THE RESIDENTIAL RENTAL AFFORDABLE HOUSING PROJECT ON SAID PROPERTY (EAST WARD)
Deferred 6PSF-g 080713/Public Hearing Open
Deferred 6PSF-e 090513/Public Hearing Open
Deferred 6PSF-b 091813/Public Hearing Open
Deferred 6PSF-i 092413/Public Hearing Open
No Action Taken 6PSF-i 100213/Public Hearing Open
Deferred 6PSF-h 101013/Public Hearing Open
No Action Taken 6PSF-g 102313/Public Hearing Open
Deferred 6PSF-g 102913/Public Hearing Open
Deferred 6PSF-g 110713/Public Hearing Open
Deferred 6PSF-d 111813/Public Hearing Open
Deferred 6PSF-c 120413/Public Hearing Open
Deferred 6PSF-c 121813/Public Hearing Open

Body
WHEREAS, on August 4, 1976, the Municipal Council of the City of Newark (the "Municipal Council") adopted Resolution 7RC-V, granting a long term tax exemption to Essex Plaza Company for a fifty (50) year term for the construction of an affordable housing project on property located at 1056-1070 Broad Street, Newark, New Jersey and identified on the official tax map of the City as Block 892, Lot 1 (the "Property") in accordance with the provisions of the Limited Dividend Non-Profit Housing Corporations or Associations Law, N.J.S.A. 55:16-1 et seq. (the "Limited Dividend Law"); and

WHEREAS, the affordable housing project on the Property is in need of rehabilitation; and

WHEREAS, Essex Plaza Urban Renewal Company, LLC, an urban renewal entity with an address of c/o Essex Management Company, LLC, 1060 Broad Street, Newark New Jersey 07102 (the "Entity"), has taken title to the Property and has...