Town of Harrison Agenda Packet 2026-05-19
PILOT Extension Approved for Block D Entity
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Description
Harrison’s Ordinance 1560 amends the long term tax exemption agreement with Block D Partners Urban Renewal I, LLC, extending PILOT terms for the redevelopment property through July 29, 2059. The amendment reflects the multi-unit nature of the project and state statutory limits.
Contract Details
Vendor
BLOCK D 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 Amendment of an amended and restated financial agreement, extending the maximum term to 50 years from 07-29-2009 with 30-year unit-based terms.
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