25-1329
AN ORDINANCE AMENDING THE ORIGINAL TAX ABATEMENT GRANTED TO 50 MOUNT PROSPECT GARDENS URBAN RENEWAL, LLC, 17 CLUB WAY, CEDAR GROVE, NEW JERSEY 07009, PURSUANT TO THE LONG TERM TAX EXEMPTION LAW TO EXTEND THE TIMEFRAME TO CONSTRUCT THE PROJECT CONSISTING OF A NEW FOUR (4) STORY BUILDING CONSISTING OF TWENTY-EIGHT (28) MARKET RATE RESIDENTIAL RENTAL UNITS AND SEVEN (7) AFFORDABLE HOUSING UNITS AND ASSOCIATED PARKING LOCATED AT 905-913 MT. PROSPECT AVENUE, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 841, LOT 26 AND 37 (THE “PROJECT”) NORTH WARD
- Committee
- Economic and Housing Development
- Introduced
- October 3, 2025
- On agenda
- December 17, 2025
- Passed
- January 7, 2026