Common Contracts

FINANCIAL AGREEMENT FOR LONG TERM TAX EXEMPTION

Financial Agreement • August 29th, 2022 • New Jersey

• Contract Type
  Financial Agreement
• Filed
  August 29th, 2022
• Jurisdiction
  New Jersey

THIS FINANCIAL AGREEMENT (hereinafter this “Agreement” or “Financial Agreement”) is made this 10th day of August, 2022 (the “Effective Date”) by and between PATTERSON STREET URBAN RENEWAL, LLC (as further defined herein, the “Entity”), a New Jersey limited liability company and an urban renewal entity qualified to do business under the provisions of the Long Term Tax Exemption Law, N.J.S.A. 40A:20-1 et seq., as amended and supplemented (the “Exemption Law”), with offices at 32 Mount Kemble Avenue, Morristown, New Jersey 07960, and the BOROUGH OF HILLSDALE, a municipal corporation of the State of New Jersey, having an address at 380 Hillsdale Avenue, Hillsdale, New Jersey 07642 (the “Borough”; together with the Entity, the “Parties”; each, a “Party”).