24-1140

AN ORDINANCE AMENDING THE TAX ABATEMENT GRANTED TO OAK TOWERS URBAN RENEWAL ENTITY, LLC, 641 LEXINGTON AVENUE, 13TH FLOOR, NEW YORK, NEW YORK 10022, PURSUANT TO THE LONG TERM TAX EXEMPTION LAW TO EXTEND THE TIMEFRAME FOR THE DEVELOPER TO COMPLETE CONSTRUCTION OF THE PROJECT AND TO REVISE AND ADD ADDITIONAL NECESSARY PROVISIONS FOR THE PROJECT CONSISTING OF THE REHABILITATION OF (2) EXISTING BUILDINGS CONTAINING (76) AFFORDABLE HOUSING RESIDENTIAL RENTAL UNITS, LOCATED ON REAL PROPERTY COMMONLY KNOWN AS, 2-30 STRATFORD PLACE, NEWARK, NEW JERSEY 07108 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 2668, LOTS 1, 9, 12-15. Deferred 6PSF-f 090524

Ordinance Adopted Introduced August 8, 2024

Where it was heard