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.
218 Parker Street, Block 538 and Lot 16 (North Ward)
Name of Owner: Saddi Nesbitt - Architect's Certification - $ 200,000.00
SILOT $ 4,000.00- Purchase Price - $ 350,000.00 - 2 Family new construction
Architect - Daniel A. Roma- Contractor - J.B. Construction, Inc.
Additional Information:
Certificate of Occupancy: January 15, 2014.
Sponsors: Ramos / Gonzalez
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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 538, LOT 16 AND MORE COMMONLY KNOWN AS 218 PARKER STREET, FOR THE PERIOD COMMENCING FROM THE DATE OF ISSUANCE OF THE CERTIFICATE OF OCCUPANCY WHICH IS JANUARY 15, 2014 AND EXPIRING FIVE (5) YEARS THEREAFTER.
WHEREAS, Saddi Nesbitt, filed a timely application with the City of Newark requesting a five (5) year tax abatement on the residential property located at 218 Parker Street, also known as Block 538, Lot 16, on the Official Tax Map for the City of Newark; and
WHEREAS, Saddi Nesbitt, 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, Saddi Nesbitt, has/have provided the City of Newark with the necessary Architect's Certification and Certificate of Occupancy; and
WHEREAS, Saddi Nesbitt,., has/have satisfied the City of Newark requirements regarding o...
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