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Somerdale Amends Agreement, Grants 5-Year Tax Abatement

Borough of Somerdale
Document date
Apr 22, 2025
Term
Five-year tax abatement

The 30-second brief

What it covers

The Borough of Somerdale adopted Ordinance 2025:10 amending its financial agreement with National Retail Urban Renewal LLC and granting a five-year tax abatement. The action adjusts the terms of the redevelopment incentive arrangement 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
April 22, 2025
Term
Five-year tax abatement
Vendor
National Retail Urban Renewal LLC
Agency
Borough of Somerdale
Source document
Borough of Somerdale Minutes Work Session April 22, 2025 (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 Plans Amended Deal With National Retail · Mar 12, 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

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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 April 22, 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 Work Session April 22, 2025 (Minutes), dated April 22, 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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