All Legislation
Ordinance25-1304Adopted

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.

Progress

Introduced

Sep 29, 2025

In Committee

Jan 21, 2026

Passed

Feb 18, 2026

4

Enacted