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FINANCIAL_SERVICESAMENDED

Town of Harrison Mayor and Council Meeting Agenda Packet 2026-04-21

Block A Urban Renewal PILOT Term Extended

Township of HarrisonBLOCK a PARTNERS URBAN RENEWAL I LLCApril 21, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Harrison approved a First Amendment to the financial agreement with Block A Partners Urban Renewal I, LLC to extend its long-term tax exemption term through July 29, 2059. The change aligns the project’s PILOT duration with the overall redevelopment agreement for the Advance at Harrison site.

Contract Details

Vendor

BLOCK a PARTNERS URBAN RENEWAL I LLC

Agency

Township of Harrison, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

April 21, 2026

Contract Term

Through July 29, 2059 (overall maximum term)

Renewal Date

2059-07-29

Renewal Info

First Amendment modifies Section 3.1 of the financial agreement to cap the term at 50 years from the July 29, 2009 Original Agreement, expiring July 29, 2059.

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