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AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO SOUTH WARD NEIGHBORHOOD HOUSING URBAN RENEWAL, LP, C/O COMMUNITY ASSET PRESERVATION CORPORATION, 421 HALSEY STREET, NEWARK, NEW JERSEY 07102, FOR A PROJECT TO CONSTRUCT THIRTY-TWO (32) AFFORDABLE HOUSING UNITS PURSUANT TO THE LONG TERM TAX EXEMPTION LAW AND PARKING, LOCATED ON 14 ABANDONED PROPERTIES IN SOUTH WARD'S CLINTON HILL NEIGHBORHOOD CONSISTING OF 17-19 SEYMOUR AVENUE, BLOCK 2656, LOT 15; 14 HARDING TERRACE, BLOCK 3660, LOT 15; 105-107 ALDINE STREET, BLOCK 3051, LOT 14; 40 ROSE TERRACE, BLOCK 2625, LOT 52; 742-744 SOUTH 10TH STREET, BLOCK 2652, LOT 53; 24-26 BRAGAW AVENUE, BLOCK 3048.01, LOT 6; 89-91 BALDWIN AVENUE, BLOCK 3004, LOT 21; 170 SEYMOUR AVENUE, BLOCK 3020, LOT 39; 493 JELLIFF AVENUE, BLOCK 3576, LOT 9.06; 33 YATES AVE, BLOCK 3598, LOT 37; 20 TREACY AVENUE, BLOCK 2625, LOT 1; 864 SOUTH 14TH STREET, BLOCK 3009, LOT 19; 69-71 VAN NESS PLACE, BLOCK 3033, LOT 48; AND 230 SHERMAN AVENUE, BLOCK 2770, LOT 22. (SOUTH WARD)
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WHEREAS, South Ward Neighborhood Housing Urban Renewal, LP, c/o Community Asset Preservation Corporation, 421 Halsey Street, Newark, New Jersey 07102, filed an application with the Mayor seeking a long term tax abatement under the Long Term Tax Exemption Law, N.J.S.A. 40A:20-1 et seq. for a thirty (30) year term for a project to construct thirty-two (32) affordable housing units that qualify as "low and moderate income housing units" pursuant to the Long Term Tax Exemption Law and parking, located on 14 abandoned properties in South Ward's Clinton Hill Neighborhood consisting of 17-19 Seymour Avenue, Block 2656, Lot 15; 14 Harding Terrace, Block 3660, Lot 15; 105-107 Aldine Street, Block 3051, Lot 14; 40 Rose Terrace, Block 2625, Lot 52; 742-744 South 10th Street, Block 2652, Lot 53; 24-26 Bragaw Avenue, Block 3048.01, Lot 6; 89-91 Baldwin Avenue, Block 3004, Lot 21; 170 Seymour Avenue, Block 3020, Lot 39; 493 Jelliff Avenue, Block 3576, Lot 9.06; 33 Yates...
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