Borough of Spotswood 2026 Budget Presentation 2026-05-18
Spotswood Expects $1 Million PILOT from Urban Renewal LLC
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Description
The Borough of Spotswood anticipates receiving a PILOT payment totaling $1,050,826 from Spotswood Urban Renewal LLC covering three quarters of 2026, as part of an ongoing development agreement.
Contract Details
Contract Amount
$1,050,826
Vendor
SPOTSWOOD URBAN RENEWAL LLC
Agency
Borough of Spotswood, NJ
Contract Type
OTHER
Document Date
May 18, 2026
Contract Term
3 Quarters (2026)
Renewal Info
PILOT payments are typically subject to terms of the original redevelopment agreement; renewal or adjustment dates were not specified in the document.
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