PUBLISHED: SEPTEMBER 17 | ARCHIVE DATE: SEPTEMBER 28 –
NOTICE OF ADOPTION OF ORDINANCE #20/26
ORDINANCE OF THE TOWN OF WEST NEW YORK, IN THE COUNTY OF HUDSON, NEW JERSEY APPROVING AN APPLICATION PURSUANT TO N.J.S.A. 40A:20-1 ET SEQ. AND AUTHORIZING THE EXECUTION OF A FINANCIAL AGREEMENT WITH FIVE SIXTY URBAN RENEWAL LLC
NOTICE IS HEREBY GIVEN that the above referenced ordinance was finally adopted at a regular meeting of the governing body of the Town of West New York, in the County of Hudson, State of New Jersey, on September 16, 2026, and is on file in the office of the Town Clerk, 428- 60th St., Room #2, West New York, New Jersey 07093.
In accordance with the Long-Term Tax Exemption Law, N.J.S.A. 40A:20-1 et seq., any action or proceeding of any kind or nature in any court questioning the validity or proper authorization of the ordinance or the actions authorized to be taken as set forth in the ordinance shall be commenced within 20 days after the publication of this notice.
Summary: The purpose of the ordinance is to grant a long-term tax exemption in accordance with the Long-Term Tax Exemption Law, N.J.S.A. 40A:20-1 et seq., and to permit the Town to enter into a Financial Agreement with Five Sixty Urban Renewal LLC (the “Entity”) pursuant to which the Entity agrees to pay an Annual Service Charge in lieu of taxes. The specific property affected by the ordinance is as follows: Block 118, Lot 3.
As ordered by the Mayor and Board of Commissioners of the Town of West New York, N.J.
Dated: 9/16/2026
Adelinny Plaza, RMC
Town Clerk