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25-1304

AN ORDINANCE AUTHORIZING FIRST AMENDMENT TO ORIGINAL TAX ABATEMENT GRANTED TO CATHEDRAL PARK ASSOCIATES, LP UNDER THE LIMITED DIVIDEND LAW TO EXTEND THE TERM OF THE FINANCIAL AGREEMENT UNTIL AUGUST 31, 2043 TO COINCIDE WITH THE EXPIRATION DATE OF THE HOUSING ASSISTANCE PAYMENT RENEWAL CONTRACT FOR AN AFFORDABLE HOUSING PROJECT LOCATED AT 147-153 CLIFTON AVENUE AND 88-92 MT PROSPECT AVENUE, AND DESIGNATED AS BLOCK 491, LOT 54 ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK.

Ordinance Adopted Introduced September 29, 2025

What this record is

Held by
Original TAX Abatement Granted TO Cathedral PARK Associates, LP
Runs until
August 31, 2043 17 years away date quoted from the award document
Type
amendment

See everything else expiring in this field →

Read automatically from the title of the official record. The source document below is authoritative.

Committee
Economic and Housing Development
Introduced
September 29, 2025
On agenda
January 21, 2026
Passed
February 18, 2026

Where it was heard

Municipal Council Feb 18, 2026 Close on Public Hearing and Adopt Pass Municipal Council Feb 4, 2026 Adopt on First Reading Pass Municipal Council Jan 21, 2026 Advance to First Reading Pass