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borough-of-collingswood-commission-meeting-minutes-nov-14-2024_23b.pdf

First Reading: 30-Year Tax Exemption Agreement with 30 Fern Urban Renewal LLC

Borough of Collingswood30 FERN URBAN RENEWAL LLCNovember 14, 2024

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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

Description

Collingswood Commissioners introduced an ordinance to provide a 30-year long term tax exemption and financial agreement with 30 Fern Urban Renewal, LLC for a housing redevelopment project at 30 Fern Avenue. The agreement supports a multi-unit apartment development with affordable housing.

Contract Details

Vendor

30 FERN URBAN RENEWAL LLC

Agency

Borough of Collingswood, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

November 14, 2024

Contract Term

30 years

Renewal Date

2054-12-02

Renewal Info

Long term tax exemption for 30 years upon project completion under New Jersey Long Term Tax Exemption Law; no auto-renewal, would require future legislative action to extend.

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