Town of Harrison Agenda Packet 2026-05-19
Harrison Extends PILOTs for Block E Properties
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Description
The Town of Harrison approved first amendments under Ordinance 1560 to extend long term tax exemption agreements for properties owned by Block E Partners Urban Renewal I, LLC through July 29, 2059. The changes align PILOT durations with the phased completion of the redevelopment project.
Contract Details
Vendor
BLOCK E PARTNERS URBAN RENEWAL I LLC
Agency
Town of Harrison, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Extended maximum term to July 29, 2059; 30 years from last Certificate of Occupancy per unit, not to exceed 50 years from 07-29-2009
Renewal Date
2059-07-29
Renewal Info
First amendments extend the maximum duration of the financial agreements to 50 years from 07-29-2009, with 30-year terms per unit from last Certificate of Occupancy.
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