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

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Introduced

Oct 5, 2020

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In Committee

Apr 7, 2021

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Passed

Apr 21, 2021

4

Enacted