FIRST AMENDMENT TO AGREEMENT FOR PAYMENTS IN LIEU OF TAXESAgreement for Payments in Lieu of Taxes • September 2nd, 2020
Contract Type 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