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20-32 Designating Personal Property Tax Abatement for Tri-Pac, Inc.
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20-32 Designating Personal Property Tax Abatement for Tri-Pac, Inc.
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9/23/2020 11:36:48 AM
Creation date
9/23/2020 11:35:55 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/28/2020
Bill Number
20-32
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For Staff Use Only BelowThis Line <br />Mat is the current assessedvaluey <br />Real Property: <br />1 990,100 <br />ersonal Property. <br />Whatt the projected asesmdvalue] <br />Real Property. <br />$1,800,000 <br />renoral Property. <br />What is the tex key number for UkproteQ7 025-1017-060204 <br />What Is the six dight NAILS coder <br />325412 <br />Peaseattach a G ooghe map and street view ofthe location. <br />Attached <br />Please list the mount of real end pnsoMl Property Imes <br />Paid for the last rive years when applicable. <br />Real Propertylaxes: <br />Personal Property Taxes: <br />2019/2020 Year One <br />$29,]03 <br />YearTwo <br />Yearthree <br />Yearrout <br />Yee Five <br />Please fill out the following Public Benefit Summary Information and add to foal from above. <br />r NJ <br />Point <br />Point <br />Public Berseth Item: <br />Project Rebate d: <br />5 <br />A. Redevelop a Site that has Special Needs N <br />49 <br />B. Develop Based on lnal University Research N <br />35 <br />C Achieve a Physical Element of a Plan y <br />36 <br />36 <br />SubOotal Project Related: <br />12C <br />6 <br />Super She Prolects [Doint values are cumulatNeP <br />A. 100% to 199% Y <br />25 <br />25 <br />B. 200% w 299% <br />68 <br />69 <br />C 300% to 399% <br />65 <br />65 <br />D. 40D% and Over <br />52 <br />52 <br />MN <br />Sub-ental Super She Project: <br />210 <br />210 <br />7 <br />Pay for Municipal infrastructure: <br />A. Pay for Oversizing or Upgrading <br />14 <br />B. Pay for 2650% of Extension Cost N <br />26 <br />C Pay for 51-75% of Extension Cost N <br />39 <br />D. Pay for 76100% of Extension Cost N <br />52 <br />Sub-Wt l Infrastructure Related: <br />131 <br />Total from Applicant Section: <br />501 <br />539 <br />Total from Staff Section: <br />246 <br />461 <br />Total Public Benefit Points: <br />747 <br />1000 <br />
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