Long Term Tax Exemption Agreement — Port Monmouth Urban Renewal, LLC
Description
First reading of an ordinance authorizing a financial agreement under the Long Term Tax Exemption Law for a portion of Block 306, Lot 66; public hearing July 13.
Impact summary
The developer gets a tax exemption in lieu of taxes; the township gets PILOT payments and redevelopment of the site.
Applicant
- Name
- Port Monmouth Urban Renewal, LLC
- Address
- Block 306, Lot 66 (portion)
At a glance
- Hearings
- 2
- Public comments
- 0
- Total mentions
- 2
Last vote · Township Committee
Last discussed Jul 13, 2026.
Meeting timeline (2)
Township Committee - Jul 13, 2026
A long-term tax exemption financial agreement was authorized for a portion of Block 306, Lot 66 with Port Monmouth Urban Renewal, LLC.
Township Committee - Jun 24, 2026
First reading of an ordinance authorizing a financial agreement under the Long Term Tax Exemption Law for a portion of Block 306, Lot 66; public hearing July 13.
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