2682-22 Tax Exemption and Abatement Ordinance.pdf

10 #12938269.1 a. Improvements of dwellings; b. Construction of dwellings; c. Improvements and conversions of multiple dwellings; d. Improvements of commercial or industrial structures; e. Construction of multiple dwellings under tax agreements; and f. Construction of commercial or industrial structures under tax agreements. In the case of paragraphs e and f above, the report shall state instead the total amount of payments made in lieu of taxes according to the formula utilized by the municipality, and the difference between that total amount and the total amount of real property taxes which would have been paid on the project had the tax agreement not been in effect, for the current tax year. Section 2. If any provision of this Ordinance or application thereof, under any circumstances, is held invalid, the invalidity shall not affect any other provisions or applications of this Ordinance that can be given effect without the invalid provision(s) or application(s) and to this end the provisions of this Ordinance are severable. Section 3. All other Ordinances or parts of Ordinances inconsistent with this Ordinance are hereby repealed. Section 4. This Ordinance shall take effect upon final passage and publication in accordance with law. ROBERT D. PARISI, MAYOR SUSAN McCARTNEY, COUNCIL PRESIDENT KAREN J. CARNEVALE, R.M.C. MUNICIPAL CLERK INTRODUCED: April 5, 2022 ADOPTED: April 26, 2022