Town of Harrison Mayor and Council Meeting Agenda Packet 2026-04-21
Town Extends Financial Agreement Term with Advance at Harrison
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Description
Harrison authorized amendments to its long-term tax exemption financial agreements with Advance at Harrison LLC, extending the maximum duration of the PILOT structure to July 29, 2059. The amendments support continued redevelopment of multiple units on the former Block 138 site.
Contract Details
Vendor
ADVANCE AT HARRISON LLC
Agency
Township of Harrison, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Maximum term extended to July 29, 2059; individual units 30 years from last Certificate of Occupancy, not exceeding 50 years from July 29, 2009
Renewal Date
2059-07-29
Renewal Info
First amendments to amended and restated financial agreements extend the overall PILOT duration to 50 years from the July 29, 2009 original agreement date; individual units remain limited to 30 years from issuance of the last Certificate of Occupancy.
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Town of Harrison Mayor and Council Meeting Agenda Packet 2026-04-21
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