ASSEMBLY, No. 188

 

STATE OF NEW JERSEY

 

INTRODUCED SEPTEMBER 16, 1996

 

 

By Assemblyman CORODEMUS

 

 

An Act concerning the validation of certain municipal resolutions approving a tax exemption or abatement for low or moderate income senior citizen housing and amending P.L.1995, c.423.

 

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

    1. Section 1 of P.L.1995, c.423 is amended to read as follows:

    1. Any resolution heretofore adopted by the governing body of a municipality approving the application of an urban renewal entity to proceed with a housing project for low or moderate income senior citizens pursuant to a redevelopment plan, and authorizing a tax exemption or abatement for that project, is hereby ratified, validated and confirmed notwithstanding that the urban renewal entity failed to make written application to the municipality for approval of the project prior to proceeding with that project, as required by section 8 of P.L.1991, c.431 (C.40A:20-8). Any such resolution adopted by a municipal governing body pursuant to this act may provide that such tax abatement or exemption shall be retroactive to the date construction commenced on the project.

    Notwithstanding any other provision of law to the contrary, any project granted a tax exemption or abatement pursuant to this section shall be deemed to be located in an area in need of redevelopment if the project was reviewed and approved by the planning board of the municipality in which the project is located.

(cf: P.L.1995, c.423, s.1)

 

    2. This act shall take effect immediately and shall be retroactive to September 1, 1996.

 

STATEMENT

 

    This bill amends P.L.1995, c.423 in order to correctly validate a tax exemption or abatement for a low or moderate income senior citizen housing project, known as Gillette Manor, in Sayreville.

 

 

                             

 

Validates certain municipal resolutions granting a tax exemption or abatement for low or moderate income senior housing.