Woolwich Township Committee AgendaPacket 2026-05-18
Township amends PILOT terms with PG Woolwich
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Description
Woolwich Township amended its long term tax exemption financial agreement with PG Woolwich Urban Renewal LLC for an affordable housing project so that total municipal charges do not exceed 6.28% of annual gross revenue. The ordinance also removes a separate 2% administrative fee while keeping other agreement terms intact.
Contract Details
Vendor
PG WOOLWICH URBAN RENEWAL LLC
Agency
Township of Woolwich, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
Financial agreement previously authorized by Ordinance 2025-13 is amended to cap total annual payments at 6.28% of gross revenue and delete administrative fee provisions; all other terms remain in effect.
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