Common Contracts

FINANCIAL AGREEMENT FOR LONG TERM TAX EXEMPTION N.J.S.A. 40A:20-1 et seq.

Financial Agreement • February 13th, 2020 • New Jersey

• Contract Type
  Financial Agreement
• Filed
  February 13th, 2020
• Jurisdiction
  New Jersey

THIS FINANCIAL AGREEMENT is made this 12th day of November, 2020 (hereinafter this “Agreement” or “Financial Agreement”) between MADISON AVENUE URBAN RENEWAL LLC (along with its successors and/or assigns, hereinafter referred to as the “Redeveloper”) a New Jersey limited liability company formed in accordance with the provisions of the Long Term Tax Exemption Law, N.J.S.A. 40A:20-1 et seq. (the “Exemption Law”), having its principal office at c/o RH, 15 Koch Road, Corte Madera, CA 94925; and the TOWNSHIP OF MORRIS, a municipal corporation of the State of New Jersey, having its offices at 50 Woodland Avenue, Morristown, NJ 07960 (the “Township”); and together with the Redeveloper, the “Parties” or “Party”).