FIRST AMENDMENT TO AGREEMENT FOR PAYMENTS IN LIEU OF TAXESSeptember 2nd, 2020
FiledSeptember 2nd, 2020WHEREAS, the Sponsor and the Municipality entered into an Agreement for Payments in Lieu of Taxes dated January 9, 2020 providing for a tax exemption and payments in lieu of taxes pursuant to the New Jersey Housing and Mortgage Finance Agency Law of 1983, N.J.S.A. 55:14K-1 et seq. (the “HMFA Law”) for the construction of an affordable housing project on Block 2301, Lots 11, 12, 14, 15 and 16 (the “PILOT Agreement”); and