Woolwich Township Committee AgendaPacket 2026-05-18
Township amends PILOT terms for PG Woolwich project
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Description
Woolwich Township amended its long-term tax exemption financial agreement with PG Woolwich Urban Renewal, LLC so that the total annual municipal charge, including all fees, is capped at 6.28% of the project's gross revenue. The ordinance also eliminates a separate 2% administrative fee to align with NJHMFA financing requirements.
Contract Details
Contract Amount
Service charge equal to 6.28% of annual gross revenue (administrative fee eliminated)
Vendor
PG WOOLWICH URBAN RENEWAL LLC
Agency
Township of Woolwich, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Long term tax exemption PILOT; duration not specified
Renewal Info
Amendment to original PILOT terms under Ordinance 2025-13; all other provisions of the original Financial Agreement remain in effect.
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