FINANCIAL_SERVICESAPPROVED

Borough of North Arlington Awards Financial Services Contract to 9 Porete Urban Renewal Llc (August 2026)

North Arlington adopted Ordinance 2462 approving a long-term tax exemption and Financial Agreement with 9 Porete Urban Renewal LLC for redevelopment at 9 Porete Avenue. The agreement provides for up to 25 years of payments in lieu of taxes in exchange for a tax exemption on project improvements in the designated redevelopment area.

Status
APPROVED
Document date
August 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
9 Porete Urban Renewal Llc
Agency
Borough of North Arlington · NJ

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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

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Up to 25 years from issuance of certificate of occupancy
Renewal
Financial Agreement establishes a long-term tax exemption for a term of up to 25 years from the certificate of occupancy date; standard LTTE provisions apply, and the exemption continues as long as annual service charges are paid.
Document type
AgendaPacket
Source document
Borough of North Arlington Agenda Packet 2026-08-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of North Arlington?

9 Porete Urban Renewal Llc was awarded this financial services contract by Borough of North Arlington, as recorded on August 6, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Borough of North Arlington Agenda Packet 2026-08-06 (AgendaPacket), dated August 6, 2026 from Borough of North Arlington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 9 Porete Urban Renewal Llc hold?

9 Porete Urban Renewal Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Borough of North Arlington currently buying?

Explore Borough of North Arlington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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