All Legislation
Ordinance20-1268Adopted

AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR TAX ABATEMENT TO THOMAS-CARTER VILLAGE URBAN RENEWAL, LLC, C/O ALPERT GROUP LLC, 1 PARKER PLAZA, SUITE 64, FORT LEE, NEW JERSEY 07024, FOR A PROJECT TO CONSTRUCT ONE HUNDRED NINETY-SIX (196) MARKET RATE RENTAL UNITS, SIXTEEN (16) AFFORDABLE HOUSING RENTAL UNITS, DEED RESTRICTED FOR THE TERM OF THIS FINANCIAL AGREEMENT, TO 60% OF AREA MEDIAN INCOME AS SUCH TERM IS DEFINED IN CITY OF NEWARK INCLUSIONARY ZONING ORDINANCE 6PSF-B, ADOPTED ON OCTOBER 4, 2017, 2,092 SQUARE FEET OF COMMERCIAL SPACE, 2,092 SQUARE FEET OF COMMUNITY SPACE AND SIXTY-SIX (66) PARKING SPACES, LOCATED ON REAL PROPERTY COMMONLY KNOWN AS 103-109 SUSSEX AVENUE AND 111-119 SUSSEX AVENUE, NEWARK, NEW JERSEY 07103 AND IDENTIFIED ON THE OFFICIAL MAP OF THE CITY OF NEWARK, AS BLOCK 2853, LOTS 1.02 AND 69. (CENTRAL WARD).

Progress

Introduced

Oct 5, 2020

In Committee

Apr 7, 2021

Passed

Apr 21, 2021

4

Enacted