Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: Resolution to Rescind Resolution 7R3-C (A.S.) 012115 Entity Name: Riverside Arms Urban Renewal LLP Entity Address: 71 Lake Street, Colonia, NJ 07067 Abatement Period: Entity has requested that the City rescind the prior HMFA abatement and the Entity will pursue, under separate application, a long term abatement under NJ LTTE. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 14-16 Chester Avenue/Block 617/Lot 1.01/North Ward 2-14 Jules Place/Block 617/Lots 1.02-1.15/North Ward 63-95 Herbert Place/Block 617/Lots 1.16-1.25/North Ward Additional Information: Original tax abatement granted by Resolution 7R3-C (A.S.) 012115 Deferred 7R3-a (s) 031015