Town of Harrison Mayor and Council Meeting Agenda Packet 2026-04-21
Block D Partners PILOT Agreement Term Extended
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Description
Harrison authorized extending the long-term tax exemption agreement with Block D Partners Urban Renewal I, LLC through July 29, 2059. The amendment helps ensure continued economic activity and PILOT payments from the redevelopment project.
Contract Details
Vendor
BLOCK D PARTNERS URBAN RENEWAL I LLC
Agency
Township of Harrison, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Through July 29, 2059 (overall maximum term)
Renewal Date
2059-07-29
Renewal Info
First Amendment to the financial agreement updates the term provisions consistent with a 50-year cap from the 2009 Original Agreement, expiring July 29, 2059.
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