Town of Harrison Agenda Packet 2026-06-16
New Urban Renewal Entity Assumes Town Financial Agreement
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Description
Block B Partners Urban Renewal II, L.P. was approved to assume the Town of Harrison’s existing long-term tax exemption Financial Agreement for redevelopment of Block 138.02, Lot 1.02. The new urban renewal entity will develop the property under the existing financial and redevelopment framework.
Contract Details
Vendor
BLOCK B PARTNERS URBAN RENEWAL II LP
Agency
Township of Harrison, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
Assumes obligations under the October 16, 2015 Financial Agreement as it relates to Block 138.02, Lot 1.02 from the date of assignment in 2026 forward
Renewal Info
Assignment grants Assignee successor rights under the existing long-term Financial Agreement; future amendments or renewals would follow the Exemption Law and Financial Agreement terms.
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