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FINANCIAL_SERVICESAPPROVED

Borough of Westville Regular Council Meeting Agenda Packet 2026-05-18

PBM Real Estate Granted Pine Street Tax Abatement

Borough of WestvillePBM REAL ESTATE LLCMay 18, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Westville Council approved a tax abatement application from PBM REAL ESTATE LLC and authorized a written agreement covering new twin residential dwellings at 18 and 22 Pine Street. The action provides a multi‑year local property tax incentive under the borough’s existing abatement ordinance.

Contract Details

Vendor

PBM REAL ESTATE LLC

Agency

Borough of Westville, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

May 18, 2026

Contract Term

Five-year tax abatement (implied by program) on 18 Pine Street and 22 Pine Street

Renewal Info

Standard five-year exemption/abatement program under N.J.S.A. 40A:21-1 et seq.; renewal beyond this term is not indicated and would require new action.

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