City of Newark - File #: 11-1158

• File #: 11-1158
• Version: 4
• Name: 5-year residential tax abatement
• Type: Ordinance
• Status: Adopted
• File created: 10/31/2011
• In control: Municipal Council and City Clerk
• On agenda: 11/7/2011
• Final action: 1/5/2012
• 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. 79-81 Woodside Place, Block 626.01, Lot 25.02 (North Ward) 1015 NRL, LLC. - Architect's Certification - $220,000.00 PILOT - $4,400.00 - Purchase Price - $170,000.00 - 3 units Architect - Daniel A. Roma - Contractor - Lucor Dev. Group, LLC. (Inspections and Certifications completed) (C.O. 05/13/11 - Deed 02/13/07) Defer/Advertisement/PHO Deferred 6PSF-c 120811 Deferred 6PSF-a 122111/ PHO

Date	Ver.	Action By	Action	Result
1/5/2012	4	Municipal Council	Close on Public Hearing and Adopt	Pass
12/21/2011	3	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
12/8/2011	2	Municipal Council	Maintained on Public Hearing and Deferred to Special Meeting	Pass
11/22/2011	1	Municipal Council	Adopt on First Reading	Pass
11/7/2011	1	Municipal Council	Advance to First Reading	Pass

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.

79-81 Woodside Place, Block 626.01, Lot 25.02 (North Ward)

1015 NRL, LLC. - Architect's Certification - $220,000.00

PILOT - $4,400.00 - Purchase Price - $170,000.00 - 3 units

Architect - Daniel A. Roma - Contractor - Lucor Dev. Group, LLC.

(Inspections and Certifications completed)

(C.O. 05/13/11 - Deed 02/13/07)

Defer/Advertisement/PHO

Deferred 6PSF-c 120811

Deferred 6PSF-a 122111/ PHO