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Somerdale Plans Amended Deal With National Retail

Borough of Somerdale
Document date
Mar 12, 2025
Term
Five-Year Tax Abatement

The 30-second brief

What it covers

Somerdale introduced an ordinance and resolution to amend its financial and redevelopment agreements with National Retail Urban Renewal LLC. The proposed changes include restructuring the existing arrangement and granting a five-year tax abatement for the project.

Who holds it

National Retail Urban Renewal LLC holds this financial services contract with Borough of Somerdale.

What happens next

Term as filed: Five-Year Tax Abatement.

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Contract details

Contract type
Financial Services
Document date
March 12, 2025
Term
Five-Year Tax Abatement
Vendor
National Retail Urban Renewal LLC
Agency
Borough of Somerdale
Source document
Borough of Somerdale Minutes Caucus Meeting 2025-03-12 (Minutes)

National Retail Urban Renewal LLC's other public contracts

Borough of Somerdale, New JerseySomerdale Considers Amended Agreement with National Retail Urban Renewal · Apr 22, 2025UndisclosedBorough of Somerdale, New JerseySomerdale Amends Agreement, Grants 5-Year Tax Abatement · Apr 22, 2025UndisclosedBorough of Somerdale, New JerseyRedevelopment Agreement With National Retail Urban Renewal Amended · Mar 12, 2025UndisclosedBorough of Somerdale, New JerseySomerdale Amends Financial Agreement With Urban Retail Firm · Mar 12, 2025UndisclosedBorough of Somerdale, New JerseyAmendment to Redevelopment Agreement and Tax Abatement · Mar 12, 2025UndisclosedAll National Retail Urban Renewal LLC contractsVendor profile

More Borough of Somerdale contracts

New Jersey Cooperative Purchasing AllianceSomerdale Joins New Jersey Cooperative Purchasing Alliance · Aug 12, 2026UndisclosedNew Jersey Cooperative Purchasing AllianceSomerdale Considers Cooperative Purchasing Agreement · Aug 12, 2026UndisclosedBorough of Hi-nellaSomerdale Extends Hi-Nella Law Enforcement Agreement · Aug 12, 2026UndisclosedCamden County Municipal Joint Insurance FundSomerdale Renews Municipal Insurance Fund Membership · Aug 12, 2026UndisclosedCamden County Municipal Joint Insurance FundSomerdale Considers Municipal Insurance Fund Renewal · Aug 12, 2026UndisclosedAll Borough of Somerdale activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Borough of Somerdale?

National Retail Urban Renewal LLC was awarded this financial services contract by Borough of Somerdale, as recorded on March 12, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Borough of Somerdale Minutes Caucus Meeting 2025-03-12 (Minutes), dated March 12, 2025 from Borough of Somerdale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does National Retail Urban Renewal LLC hold?

National Retail 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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Explore Borough of Somerdale's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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