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AN ORDINANCE GRANTING A FIFTEEN (15) YEAR TAX ABATEMENT TO LOFTS @ LINCOLN PARK URBAN RENEWAL LLC, THE OWNER OF A RESIDENTIAL CONDOMINIUM PROJECT LOCATED ON PROPERTY COMMONLY KNOWN AS 90-96 CLINTON AVENUE (AKA 7-9 THOMAS STREET) AND 21-33 BRUNSWICK STREET, NEWARK, NEW JERSEY 07114 AND IDENTIFIED ON THE OFFICIAL TAX MAP AS BLOCK 2826, LOTS 3 (FORMERLY LOTS 2, 4, 5, 6 AND 42), 35, 36, 37 AND 38. (EAST WARD)
No Action Taken 8-a (s) 100813
No Action Taken 8-c 101013
Due to advertising, Public Hearing will be held at the October 29, 2013, Special Meeting
No Action Taken 6PSF-i 102313/Public Hearing Open
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AN ORDINANCE GRANTING A FIFTEEN (15) YEAR TAX ABATEMENT TO LOFTS @ LINCOLN PARK URBAN RENEWAL LLC, THE OWNER OF A RESIDENTIAL CONDOMINIUM PROJECT LOCATED ON PROPERTY COMMONLY KNOWN AS 90-96 CLINTON AVENUE (AKA 7-9 THOMAS STREET) AND 21-33 BRUNSWICK STREET, NEWARK, NEW JERSEY 07114 AND IDENTIFIED ON THE OFFICIAL TAX MAP AS BLOCK 2826, LOTS 3 (FORMERLY LOTS 2, 4, 5, 6 AND 42), 35, 36, 37 AND 38. (EAST WARD)
WHEREAS, Lofts @ Lincoln Park Urban Renewal, LLC, of 11 Florence Place, West Orange, New Jersey 07052, filed an application with the Mayor seeking a long term tax abatement for a residential condominium project consisting of the construction of a four story building which will include twenty-four (24) condominium units along with landscaped recreation space (the "Project") on property commonly known as 90-96 Clinton Avenue(AKA 7-9 Thomas Street) and 27-33 Brunswick Street, Newark, New Jersey 07114 and identified on the Official Tax Map of the City as Block 2826, Lots 3 (formerly Lots 2, 4, 5, 6, and 42), 35, 36, 37 and 38 (the "Property") pursuant to the Long Term Tax Exemption Law, N.J.S.A. 40A:20-1 et. seq.; and
WHEREAS, the Mayor has submitted the application and proposed Financial Agreement to the Municipal Council with his recommendation thereof (a copy of which is annexed hereto); and
WHEREAS, in accordance with Ordinance ...
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