City of Newark - File #: 09-0364

• File #: 09-0364
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 3/23/2009
• In control: Law
• On agenda: 4/1/2009
• Final action: 4/1/2009
• Title: Dept/ Agency: Law Department AUTHORIZING Type of Service: Financial Agreement (Resolution 7Rcd-122177) Purpose: Assign and assumption of tax abatement Entity Name: Veramax, L.P. Address: Block 2675, Lots 40, 41, 44, Block 2678, Lot 16, Block 2693, Lot 7, more commonly known as 397-403 Irvine Turner Blvd., 393-395 Irvine Turner Blvd., 385-403 Irvine Turner Blvd., 393-395 Irvine Turner Blvd., 385-391 Irvine Turner Blvd., 396-402 Irvine Turner Blvd., 416-432 Irvine Turner Blvd. Contract Period: Thirty (30) Years Contract Basis: The rehabilitation, development, maintenance and operation of a residential project. Additional Comments: N/A

Date	Ver.	Action By	Action	Result
4/1/2009	1	Municipal Council	Adopt	Pass

Title

Dept/ Agency:  Law Department

AUTHORIZING

Type of Service:  Financial Agreement (Resolution 7Rcd-122177)

Purpose:  Assign and assumption of tax abatement

Entity Name:   Veramax, L.P.

Address:  Block 2675, Lots 40, 41, 44, Block 2678, Lot 16, Block 2693, Lot 7, more commonly known as 397-403 Irvine Turner Blvd., 393-395 Irvine Turner Blvd., 385-403 Irvine Turner Blvd., 393-395 Irvine Turner Blvd., 385-391 Irvine Turner Blvd., 396-402 Irvine Turner Blvd., 416-432 Irvine Turner Blvd.

Contract Period:  Thirty (30) Years

Contract Basis:  The rehabilitation, development, maintenance and operation of a residential project. 

Additional Comments:  N/A