Town of Harrison Mayor and Council Meeting Agenda Packet 2026-04-21
Block E Urban Renewal Financial Agreements Extended
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Description
The Town of Harrison extended the long-term tax exemption agreements for properties owned by Block E Partners Urban Renewal I, LLC to a maximum term ending July 29, 2059. These amendments cover multiple blocks in the Advance at Harrison redevelopment area.
Contract Details
Vendor
BLOCK E 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 Amendments to the applicable financial agreements revise Section 3.1 to cap the term at 50 years from the 2009 Original Agreement date, with an overall expiration of July 29, 2059.
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