Waldwick Moves Forward On Harrison Avenue PILOT

The Borough of Waldwick Council introduced Ordinance No. 2026-#14 to grant a long-term tax exemption and approve execution of a financial agreement with Harrison Avenue Redevelopment Urban Renewal LLC for the Harrison Avenue Redevelopment Project. The agreement will govern a 42-unit mixed-use redevelopment including affordable housing, retail space, and parking under a 30-year PILOT structure.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

30-year long-term tax exemption; Annual Service Charge based on at least 10% of Annual Gross Revenue; project schedule shows 24-month construction period

Renewal

Long-term tax exemption authorized under N.J.S.A. 40A:20-1 et seq. for a 30-year term based on Annual Service Charge; future amendments or term changes would require Council action. Financial agreement to be executed after ordinance adoption.

Document type

AgendaPacket

Source document

Borough of Waldwick AgendaPacket Special Meeting 2026-08-25

Frequently asked questions

Common questions about this contract, answered from the record.

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

Harrison Avenue Redevelopment Urban Renewal Llc was awarded this financial services contract by Borough of Waldwick, as recorded on August 25, 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 Waldwick AgendaPacket Special Meeting 2026-08-25 (AgendaPacket), dated August 25, 2026 from Borough of Waldwick. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Harrison Avenue Redevelopment Urban Renewal Llc hold?

Harrison Avenue Redevelopment 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.

View Harrison Avenue Redevelopment Urban Renewal Llc's profile

What is Borough of Waldwick currently buying?

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

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